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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	31,179	31,742	34,796	34,211	18,912
Revenue Growth (YoY)	-10.39%	-8.78%	1.71%	80.89%	-
Cost of Revenue	12.75	7.39	4.88	5.64	6.09
Gross Profit	31,166	31,735	34,791	34,206	18,906
Selling, General & Admin	26,423	27,111	31,618	28,028	14,454
Research & Development	857.33	679.07	348.51	282.78	161.73
Amortization of Goodwill & Intangibles	179.94	179.66	179.63	178.92	73.26
Other Operating Expenses	113.21	115.38	86.26	62.52	52.02
Operating Expenses	27,798	28,647	32,729	28,826	14,847
Operating Income	3,368	3,088	2,062	5,380	4,059
Interest Expense	-18.65	-5.72	-8.69	-320.73	-168.5
Interest & Investment Income	307.14	280.58	148.12	65.11	10.31
Earnings From Equity Investments	-175.25	38.36	14.59	237.37	69.2
Currency Exchange Gain (Loss)	154.25	149.56	-6.63	-21.55	0.63
Other Non Operating Income (Expenses)	-4,554	0.1	-5.74	1.72	34.45
EBT Excluding Unusual Items	-918.62	3,551	2,204	5,342	4,005
Gain (Loss) on Sale of Assets	125.47	118.35	752.83	-	-
Pretax Income	-810.24	3,669	2,957	5,342	4,005
Income Tax Expense	528.31	478.21	287.46	1,040	782.36
Earnings From Continuing Operations	-1,339	3,191	2,669	4,302	3,223
Minority Interest in Earnings	-244.42	-84.49	-123.47	-576.79	-132.61
Net Income	-1,583	3,106	2,546	3,725	3,090
Net Income to Common	-1,583	3,106	2,546	3,725	3,090
Net Income Growth	-	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)	23.70%	-0.08%	0.71%	8.01%	-
EPS (Basic)	-2251.31	5488.74	4498.84	7343.12	6155.49
EPS (Diluted)	-2252.65	5467.34	4476.72	6893.94	5913.51
EPS Growth	-	22.13%	-35.06%	16.58%	-
Free Cash Flow	3,030	2,909	3,631	3,183	-1,231
Free Cash Flow Per Share	4309.68	5122.15	6387.31	5638.94	-2356.37
Gross Margin	99.96%	99.98%	99.99%	99.98%	99.97%
Operating Margin	10.80%	9.73%	5.93%	15.72%	21.46%
Profit Margin	-5.08%	9.79%	7.32%	10.89%	16.34%
Free Cash Flow Margin	9.72%	9.16%	10.43%	9.30%	-6.51%
EBITDA	3,847	3,533	2,488	5,687	4,236
EBITDA Margin	12.34%	11.13%	7.15%	16.62%	22.40%
D&A For EBITDA	478.93	445.65	426.41	307.14	176.89
EBIT	3,368	3,088	2,062	5,380	4,059
EBIT Margin	10.80%	9.73%	5.93%	15.72%	21.46%
Effective Tax Rate	-	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.