Miwon Specialty Chemical Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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
Operating Revenue	532,123	509,267	437,673	611,650	531,343
Other Revenue	-	-	-0	-0	-
Revenue	532,123	509,267	437,673	611,650	531,343
Revenue Growth (YoY)	4.49%	16.36%	-28.44%	15.11%	42.84%
Cost of Revenue	419,283	406,471	383,706	480,003	395,584
Gross Profit	112,839	102,796	53,967	131,647	135,759
Selling, General & Admin	40,728	37,752	26,296	44,574	34,511
Research & Development	6,076	4,850	4,439	4,638	4,629
Amortization of Goodwill & Intangibles	0.97	1.6	68	228.8	228.83
Other Operating Expenses	221.25	242.47	211.44	220.25	198.71
Operating Expenses	47,357	44,029	31,440	50,793	40,727
Operating Income	65,482	58,767	22,527	80,853	95,032
Interest Expense	-1,914	-2,141	-2,234	-1,142	-60.83
Interest & Investment Income	3,794	4,171	2,372	929.68	468.7
Currency Exchange Gain (Loss)	2,114	10,260	3,533	3,329	9,176
Other Non Operating Income (Expenses)	1,922	451.09	639.18	671.35	878.7
EBT Excluding Unusual Items	71,398	71,508	26,837	84,642	105,494
Gain (Loss) on Sale of Investments	-	-	-12.1	-	-
Gain (Loss) on Sale of Assets	962.33	461.86	187.66	254.66	4.29
Pretax Income	72,361	71,970	27,013	84,896	105,499
Income Tax Expense	11,058	17,403	8,408	20,072	25,595
Net Income	61,303	54,567	18,605	64,824	79,903
Net Income to Common	61,303	54,567	18,605	64,824	79,903
Net Income Growth	12.34%	193.30%	-71.30%	-18.87%	130.50%
Shares Outstanding (Basic)	5	5	5	5	5
Shares Outstanding (Diluted)	5	5	5	5	5
Shares Change (YoY)	-0.95%	-1.26%	-1.24%	-0.27%	-1.86%
EPS (Basic)	12662.00	11164.00	3758.22	12932.24	15897.28
EPS (Diluted)	12662.00	11164.00	3758.00	12932.00	15897.00
EPS Growth	13.42%	197.07%	-70.94%	-18.65%	134.85%
Free Cash Flow	31,398	34,261	84,176	-11,155	-13,161
Free Cash Flow Per Share	6485.25	7009.57	17003.96	-2225.48	-2618.39
Gross Margin	21.20%	20.18%	12.33%	21.52%	25.55%
Operating Margin	12.31%	11.54%	5.15%	13.22%	17.89%
Profit Margin	11.52%	10.71%	4.25%	10.60%	15.04%
Free Cash Flow Margin	5.90%	6.73%	19.23%	-1.82%	-2.48%
EBITDA	91,395	85,421	50,742	101,140	111,784
EBITDA Margin	17.18%	16.77%	11.59%	16.54%	21.04%
D&A For EBITDA	25,913	26,653	28,214	20,287	16,752
EBIT	65,482	58,767	22,527	80,853	95,032
EBIT Margin	12.31%	11.54%	5.15%	13.22%	17.89%
Effective Tax Rate	15.28%	24.18%	31.13%	23.64%	24.26%
Advertising Expenses	6.73	6.11	23.72	23.99	15.53

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.