K Wave Media Ltd. (KWM)

K Wave Media Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	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	-205,743	-2,541	3,137
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
Shares Outstanding	64.22	5	5
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%

Updated May 16, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q