ADforus Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	31,619	31,742	34,796	34,211	18,912
Revenue Growth (YoY)	-7.58%	-8.78%	1.71%	80.89%	-
Cost of Revenue	9.85	7.39	4.88	5.64	6.09
Gross Profit	31,609	31,735	34,791	34,206	18,906
Selling, General & Admin	26,519	27,111	31,618	28,028	14,454
Research & Development	813.9	679.07	348.51	282.78	161.73
Other Operating Expenses	111.78	115.38	86.26	62.52	52.02
Operating Expenses	28,224	28,647	32,729	28,826	14,847
Operating Income	3,385	3,088	2,062	5,380	4,059
Interest Expense	-7.16	-5.72	-8.69	-320.73	-168.5
Interest & Investment Income	248.38	280.58	148.12	65.11	10.31
Earnings From Equity Investments	-143.39	38.36	14.59	237.37	69.2
Currency Exchange Gain (Loss)	41.53	149.56	-6.63	-21.55	0.63
Other Non Operating Income (Expenses)	1.09	0.1	-5.74	1.72	34.45
EBT Excluding Unusual Items	3,525	3,551	2,204	5,342	4,005
Gain (Loss) on Sale of Assets	103.61	118.35	752.83	-	-
Pretax Income	3,594	3,669	2,957	5,342	4,005
Income Tax Expense	466.39	478.21	287.46	1,040	782.36
Earnings From Continuing Operations	3,128	3,191	2,669	4,302	3,223
Minority Interest in Earnings	-229.84	-84.49	-123.47	-576.79	-132.61
Net Income	2,898	3,106	2,546	3,725	3,090
Net Income to Common	2,898	3,106	2,546	3,725	3,090
Net Income Growth	-22.21%	22.02%	-31.66%	20.55%	-
Shares Outstanding (Basic)	1	1	1	1	1
Shares Outstanding (Diluted)	1	1	1	1	1
Shares Change (YoY)	0.83%	-0.08%	0.71%	8.01%	-
EPS (Basic)	5118.77	5488.74	4498.84	7343.12	6155.49
EPS (Diluted)	5090.13	5467.34	4476.72	6893.94	5913.51
EPS Growth	-26.16%	22.13%	-35.06%	16.58%	-
Free Cash Flow	3,813	2,909	3,631	3,183	-1,231
Free Cash Flow Per Share	6699.64	5122.15	6387.31	5638.94	-2356.37
Gross Margin	99.97%	99.98%	99.99%	99.98%	99.97%
Operating Margin	10.71%	9.73%	5.93%	15.72%	21.46%
Profit Margin	9.16%	9.79%	7.32%	10.89%	16.34%
Free Cash Flow Margin	12.06%	9.16%	10.43%	9.30%	-6.51%
EBITDA	3,849	3,533	2,488	5,687	4,236
EBITDA Margin	12.17%	11.13%	7.15%	16.62%	22.40%
D&A For EBITDA	464.52	445.65	426.41	307.14	176.89
EBIT	3,385	3,088	2,062	5,380	4,059
EBIT Margin	10.71%	9.73%	5.93%	15.72%	21.46%
Effective Tax Rate	12.98%	13.03%	9.72%	19.47%	19.53%
Advertising Expenses	-	1.61	6.48	9.14	4.05

Source: S&P Global Market Intelligence. Standard template. Financial Sources.