K Wave Media 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	78,081	43,010	67,481
Revenue Growth (YoY)	81.54%	-36.26%	-
Cost of Revenue	71,203	41,912	60,837
Gross Profit	6,878	1,098	6,644
Selling, General & Admin	69,208	3,984	4,598
Other Operating Expenses	133,696	1,643	35.55
Total Operating Expenses	202,904	5,627	4,634
Operating Income	-194,728	-3,507	3,497
Interest Income	24,648	576.57	1,744
Interest Expense	-37,595	-1,382	-1,688
Total Non-Operating Income (Expense)	-12,947	-804.95	55.73
Pretax Income	-207,675	-4,312	3,553
Provision for Income Taxes	435.09	-753.65	760.78
Net Income	-208,110	-3,558	2,792
Minority Interest in Earnings	-2,367	-1,017	-344.84
Net Income to Common	-205,743	-2,541	3,137
Shares Outstanding (Basic)	62	9	9
Shares Outstanding (Diluted)	62	9	9
Shares Change (YoY)	601.50%	-	-
EPS (Basic)	-3341.00	-290.00	357.00
EPS (Diluted)	-3341.00	-290.00	357.00
Free Cash Flow	-9,888	-3,130	-9,327
Free Cash Flow Per Share	-160.58	-356.63	-1062.60
Gross Margin	8.81%	2.55%	9.85%
Operating Margin	-249.39%	-8.15%	5.18%
Profit Margin	-266.53%	-8.27%	4.14%
FCF Margin	-12.66%	-7.28%	-13.82%
EBITDA	-191,478	-333.21	6,781
EBITDA Margin	-245.23%	-0.77%	10.05%
EBIT	-194,728	-3,507	3,497
EBIT Margin	-249.39%	-8.15%	5.18%
Effective Tax Rate	-0.21%	17.48%	21.41%

SEC Filings: 10-K · 10-Q