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
Operating Revenue	77,336	43,010	67,481
Other Revenue	745.14	-	-
Revenue	78,081	43,010	67,481
Revenue Growth	81.54%	-36.26%	-
Cost of Revenue	63,862	34,632	51,547
Gross Profit	14,219	8,379	15,934
Selling, General & Admin	76,550	11,265	13,888
Other Operating Expenses	-496.38	-667.45	-1,485
Operating Expenses	76,053	10,597	12,403
Operating Income	-61,834	-2,218	3,531
Interest Expense	-3,904	-1,257	-1,385
Interest & Investment Income	410.21	288.75	408.4
Currency Exchange Gain (Loss)	-315.66	67.74	294.04
Other Non Operating Income (Expenses)	-9,137	95.94	738.44
EBT Excluding Unusual Items	-74,781	-3,023	3,586
Impairment of Goodwill	-129,072	-	-
Gain (Loss) on Sale of Assets	-779.41	-323.78	-31.05
Asset Writedown	-3,051	-964.63	-2.25
Other Unusual Items	8.51	-	-
Pretax Income	-207,675	-4,312	3,553
Income Tax Expense	435.09	-753.65	760.78
Earnings From Continuing Operations	-208,110	-3,558	2,792
Minority Interest in Earnings	2,367	1,017	344.84
Net Income	-205,743	-2,541	3,137
Net Income to Common	-205,743	-2,541	3,137
Net Income Growth	-	-	-
Shares Outstanding (Basic)	2	0	0
Shares Outstanding (Diluted)	2	0	0
Shares Change	601.50%	-	-
EPS (Basic)	-100240.01	-8685.85	10722.20
EPS (Diluted)	-100240.01	-8685.85	10710.00
EPS Growth	-	-	-

Additional Metrics

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
Free Cash Flow	-9,888	-3,130	-9,327
Free Cash Flow Per Share	-4817.50	-10698.96	-31878.04
Gross Margin	18.21%	19.48%	23.61%
Operating Margin	-79.19%	-5.16%	5.23%
Profit Margin	-263.50%	-5.91%	4.65%
Free Cash Flow Margin	-12.66%	-7.28%	-13.82%
EBITDA	-58,584	955.2	6,815
EBITDA Margin	-75.03%	2.22%	10.10%
D&A For EBITDA	3,250	3,174	3,284
EBIT	-61,834	-2,218	3,531
EBIT Margin	-79.19%	-5.16%	5.23%
Effective Tax Rate	-	-	21.41%
Revenue as Reported	78,081	43,010	67,481

SEC Filings: 10-K · 10-Q