Miwon Holdings Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	554,422	492,718	476,576	443,162	499,293	421,386
Revenue Growth	15.52%	3.39%	7.54%	-11.24%	18.49%	45.82%
Cost of Revenue	477,541	434,166	416,905	395,799	444,114	361,951
Gross Profit	76,881	58,552	59,671	47,363	55,180	59,435
Selling, General & Admin	38,126	35,646	34,435	30,160	30,220	27,175
Research & Development	947	912.23	858.74	714.94	644.9	702.16
Amortization of Goodwill & Intangibles	47.01	43.84	29.37	26.12	48.63	68.81
Other Operating Expenses	593.39	569.71	495.34	463.61	484.2	477.53
Operating Expenses	40,967	38,206	36,637	31,799	32,339	29,711
Operating Income	35,914	20,346	23,033	15,564	22,841	29,724
Interest Expense	-3,621	-4,117	-4,937	-4,849	-3,166	-1,650
Interest & Investment Income	190.41	181.16	153.3	105.24	236.71	136.42
Earnings From Equity Investments	31,401	19,546	15,087	5,582	4,340	23,172
Currency Exchange Gain (Loss)	1,188	-203.81	502	-30.47	342.18	576.03
Other Non Operating Income (Expenses)	3,074	194.11	560.51	218.73	459.25	437.37
EBT Excluding Unusual Items	68,147	35,946	34,399	16,591	25,054	52,396
Gain (Loss) on Sale of Investments	-	-	-	-	-	-10.57
Gain (Loss) on Sale of Assets	41.55	71.85	10.58	-0.73	5.12	-411.46
Asset Writedown	-	-	-	-	-23.1	-
Pretax Income	68,189	36,017	34,410	16,590	25,036	51,974
Income Tax Expense	8,756	5,579	5,166	-446.99	-1,567	11,742
Earnings From Continuing Operations	59,432	30,439	29,244	17,037	26,602	40,232
Net Income to Company	59,432	30,439	29,244	17,037	26,602	40,232
Minority Interest in Earnings	-7,158	-4,268	-3,992	-3,822	-6,422	-7,096
Net Income	52,274	26,170	25,251	13,215	20,181	33,137
Net Income to Common	52,274	26,170	25,251	13,215	20,181	33,137
Net Income Growth	152.91%	3.64%	91.07%	-34.51%	-39.10%	88.75%
Shares Outstanding (Basic)	2	2	2	2	2	2
Shares Outstanding (Diluted)	2	2	2	2	2	2
Shares Change	0.00%	-	-	0.01%	-0.04%	-0.30%
EPS (Basic)	22576.37	11302.46	10905.64	5707.52	8716.70	14307.67
EPS (Diluted)	22576.37	11302.46	10905.64	5707.52	8716.70	14307.67
EPS Growth	152.91%	3.64%	91.07%	-34.52%	-39.08%	89.33%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	43,471	26,262	8,307	2,867	-3,504	16,685
Free Cash Flow Per Share	18774.34	11342.09	3587.76	1238.13	-1513.55	7204.41
Dividend Per Share	700.000	700.000	700.000	700.000	700.000	500.000
Dividend Growth	0%	0%	0%	0%	40.00%	0%
Gross Margin	13.87%	11.88%	12.52%	10.69%	11.05%	14.11%
Operating Margin	6.48%	4.13%	4.83%	3.51%	4.58%	7.05%
Profit Margin	9.43%	5.31%	5.30%	2.98%	4.04%	7.86%
Free Cash Flow Margin	7.84%	5.33%	1.74%	0.65%	-0.70%	3.96%
EBITDA	45,073	29,444	31,753	23,120	28,815	35,824
EBITDA Margin	8.13%	5.98%	6.66%	5.22%	5.77%	8.50%
D&A For EBITDA	9,159	9,099	8,720	7,556	5,974	6,100
EBIT	35,914	20,346	23,033	15,564	22,841	29,724
EBIT Margin	6.48%	4.13%	4.83%	3.51%	4.58%	7.05%
Effective Tax Rate	12.84%	15.49%	15.01%	-	-	22.59%
Advertising Expenses	-	206.8	297.3	163.78	58.55	30.66