Income Statement Artist Studio Inc.

Stocks

A200350

KR7200350007

Entertainment Production

End-of-day quote Korea S.E. 01/10/2026			5-day change	1st Jan Change
2,920.00 ^KRW	+3.36%		+14.73%	-48.50%

09-21	Artist Studio Inc. announced that it has received KRW 3.99999916 billion in funding from Maeil Broadcasting Network	CI
09-11	Artist Studio Inc. announced that it expects to receive KRW 3.9999992 billion in funding from Maeil Broadcasting Network	CI

30ff26.5Tvg0-PJpkhzCpHZ4Mg9K2DBam-CYcMhckkYur3SqH0.12OToKeC3D5LZN7sroBzGRKDJy7sJptTCzpc9om56S2_A6OV1K_wER1NpQ

Published financial data: ARTIST STUDIO INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Revenues	41.02B	44.42B	41.86B	27.31B	14.62B
Other Revenues, Total	-	-	10	-	-10
Total Revenues	41.02B	44.42B	41.86B	27.31B	14.62B
Cost of Goods Sold, Total	35.18B	44.39B	42.53B	29.46B	13.85B
Gross Profit	5.85B	35.33M	-663M	-2.15B	771M
Selling General & Admin Expenses, Total	2.28B	4.38B	2.09B	3.65B	3.12B
Provision for Bad Debts	-115M	1.19B	5.67B	6.73B	-316M
R&D Expenses	-	536M	50M	-	-
Depreciation & Amortization - (IS)	313M	435M	433M	394M	623M
Amortization of Goodwill and Intangible Assets - (IS)	62.56M	366M	906M	6.6M	6.54M
Other Operating Expenses	48.45M	12.23M	19.96M	13.7M	26.82M
Other Operating Expenses, Total	2.59B	6.92B	9.16B	10.79B	3.46B
Operating Income	3.26B	-6.88B	-9.83B	-12.95B	-2.69B
Interest Expense, Total	-236M	-635M	-362M	-123M	-91.11M
Interest And Investment Income	14.78M	150M	655M	1.02B	688M
Net Interest Expenses	-221M	-485M	294M	896M	597M
Income (Loss) On Equity Invest.	-	-	156M	-	-126K
Currency Exchange Gains (Loss)	-23.25M	-36.57M	-7.35M	110M	30.12M
Other Non Operating Income (Expenses)	-131M	222M	2.91B	-130M	12.9M
EBT, Excl. Unusual Items	2.88B	-7.18B	-6.48B	-12.07B	-2.05B
Gain (Loss) On Sale Of Investments	-	-200M	-256M	-782M	-2.61B
Gain (Loss) On Sale Of Assets	-23.38M	-166M	-	-	489K
Asset Writedown	-	-	-1.09B	-	-45.89M
Other Unusual Items	-	-	-	-	1.7M
EBT, Incl. Unusual Items	2.86B	-7.55B	-7.82B	-12.85B	-4.7B
Income Tax Expense	528M	-1.18B	-385M	2.1B	-
Earnings From Continuing Operations	2.33B	-6.37B	-7.43B	-14.95B	-4.7B
Net Income to Company	2.33B	-6.37B	-7.43B	-14.95B	-4.7B
Minority Interest	281K	-1.68K	77.04K	1K	-694K
Net Income - (IS)	2.33B	-6.37B	-7.43B	-14.95B	-4.7B
Net Income to Common Incl Extra Items	2.33B	-6.37B	-7.43B	-14.95B	-4.7B
Net Income to Common Excl. Extra Items	2.33B	-6.37B	-7.43B	-14.95B	-4.7B
Per Share Items
Net EPS - Basic	465.03	-1.02K	-1.15K	-1.62K	-470.08
Basic EPS - Continuing Operations	465.03	-1.02K	-1.15K	-1.62K	-470.08
Basic Weighted Average Shares Outstanding	5.02M	6.26M	6.46M	9.21M	10M
Net EPS - Diluted	465	-1.02K	-1.47K	-1.62K	-470.08
Diluted EPS - Continuing Operations	465	-1.02K	-1.47K	-1.62K	-470.08
Diluted Weighted Average Shares Outstanding	5.02M	6.26M	7.05M	9.21M	10M
Normalized Basic EPS	359.4	-717.43	-626.59	-819.2	-128.2
Normalized Diluted EPS	359.4	-717.43	-574.48	-819.2	-128.2
Supplemental Items
EBITDA	3.63B	-6.08B	-8.49B	-12.55B	-2.06B
EBITA	3.32B	-6.52B	-8.92B	-12.94B	-2.68B
EBIT	3.26B	-6.88B	-9.83B	-12.95B	-2.69B
EBITDAR	3.69B	-6.06B	-8.47B	-12.53B	-2.04B
Effective Tax Rate - (Ratio)	18.47	15.67	4.92	-16.35	-
Normalized Net Income	1.8B	-4.49B	-4.05B	-7.54B	-1.28B
Supplemental Operating Expense Items
Selling and Marketing Expenses	492M	958M	607M	1.19B	1B
Research And Development Expense From Footnotes	-	536M	50M	-	-
Net Rental Expense, Total	58.08M	26.56M	14.21M	14.87M	21.31M
Imputed Operating Lease Interest Expense	13.19M	9.62M	3.5M	2.33M	7.54M
Imputed Operating Lease Depreciation	44.9M	16.93M	10.71M	12.55M	13.76M
Maintenance & Repair Expenses, Total	5.92M	11.52M	3.76M	4.98M	5.23M
Stock-Based Comp., SG&A Exp. (Total)	214M	1.15B	-818M	48.72M	-
Total Stock-Based Compensation	214M	1.15B	-818M	48.72M	-

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Assets
Cash And Equivalents	23.24B	8.31B	26.86B	48.46B	7.45B
Short Term Investments	-	-	-	-	21B
Total Cash And Short Term Investments	23.24B	8.31B	26.86B	48.46B	28.45B
Accounts Receivable, Total	4.17B	7.26B	1.44B	291M	5.56B
Other Receivables	720M	272M	415M	560M	399M
Notes Receivable	0	2B	0	-	0
Total Receivables	4.89B	9.54B	1.85B	851M	5.95B
Inventory	4.27B	3.7B	3.09B	-	-
Prepaid Expenses	22.64M	19.98M	13.62M	49.67M	48.25M
Other Current Assets, Total	30.4B	37.76B	7.93B	1.08B	3.4B
Total Current Assets	62.83B	59.33B	39.74B	50.44B	37.85B
Gross Property Plant And Equipment	1.09B	1.09B	1.46B	1.32B	2.22B
Accumulated Depreciation	-281M	-670M	-577M	-741M	-1.36B
Net Property Plant And Equipment	811M	418M	887M	584M	868M
Long-term Investments	1.63B	3.81B	2.42B	3.66B	6.93B
Goodwill	0	0	0	0	0
Other Intangibles, Total	576M	2.01B	148M	145M	138M
Loans Receivable Long-Term	-	-	1.75B	1.76B	1.76B
Deferred Tax Assets Long-Term	788M	1.9B	2.1B	-	-
Other Long-Term Assets, Total	5.59B	4.17B	3.81B	2.68B	4.29B
Total Assets	72.22B	71.64B	50.86B	59.27B	51.83B
Liabilities
Accrued Expenses, Total	289M	185M	86.51M	429M	543M
Short-term Borrowings	7.99B	10.2B	4.2B	-	-
Current Portion of Long-Term Debt	3.5B	1.4B	2.5B	1.5B	-
Current Portion of Leases	351M	253M	350M	323M	498M
Current Income Taxes Payable	8.78M	671K	-	-	-
Other Current Liabilities	13.28B	14.42B	1.06B	699M	918M
Total Current Liabilities	25.42B	26.46B	8.19B	2.95B	1.96B
Long-Term Debt	1.4B	2.5B	1.5B	1.5B	-
Long-Term Leases	328M	95.61M	492M	178M	119M
Pension & Other Post Retirement Benefits	407M	502M	560M	473M	-
Other Non Current Liabilities	26.57M	-	14.14M	15.38M	215M
Total Liabilities	27.58B	29.55B	10.76B	5.12B	2.29B
Common Stock, Total	3.12B	3.21B	3.53B	5B	5B
Additional Paid In Capital	50.67B	53.53B	60B	87.58B	87.58B
Retained Earnings	-9.98B	-16.31B	-23.78B	-38.81B	-43.35B
Comprehensive Income and Other	828M	1.66B	350M	377M	305M
Total Common Equity	44.65B	42.09B	40.1B	54.15B	49.53B
Minority Interest	-618K	-616K	-694K	-694K	-
Total Equity	44.65B	42.09B	40.1B	54.15B	49.53B
Total Liabilities And Equity	72.22B	71.64B	50.86B	59.27B	51.83B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.25M	6.42M	6.47M	10M	10M
ECS Total Common Shares Outstanding	6.25M	6.42M	6.47M	10M	10M
Book Value / Share	7.15K	6.55K	6.2K	5.42K	4.96K
Tangible Book Value	44.07B	40.08B	39.95B	54.01B	49.4B
Tangible Book Value Per Share	7.05K	6.24K	6.17K	5.4K	4.94K
Total Debt	13.56B	14.45B	9.04B	3.5B	617M
Net Debt	-9.68B	6.13B	-17.82B	-44.96B	-27.83B
Debt Equivalent Oper. Leases	465M	212M	114M	119M	170M
Minority Interest, Total (Incl. Fin. Div)	-618K	-616K	-694K	-694K	-
Equity Method Investments, Total	-	-	-	-	4.87M
Inventories - Others	4.27B	4.87B	4.69B	-	-
Machinery, Total	152M	117M	120M	198M	221M
Accumulated Allowance for Doubtful Accounts (Supple)	5.5M	568M	3.79B	4.59B	4.6B

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Net Income	2.33B	-6.37B	-7.43B	-14.95B	-4.7B
Depreciation & Amortization - CF	313M	435M	433M	394M	623M
Amortization of Goodwill and Intangible Assets - (CF)	62.56M	366M	906M	6.6M	6.54M
Depreciation & Amortization, Total	375M	801M	1.34B	400M	630M
(Gain) Loss From Sale Of Asset	23.38M	166M	-156M	-	-489K
(Gain) Loss on Sale of Investments - (CF)	-	200M	256M	782M	2.61B
Asset Writedown & Restructuring Costs	-	-	1.09B	-	45.89M
(Income) Loss On Equity Investments - (CF)	-	-	-	-	126K
Stock-Based Compensation (CF)	214M	1.15B	-818M	48.72M	-
Provision and Write-off of Bad Debts	-115M	562M	3.63B	1.1B	-799M
Other Operating Activities, Total	517M	524M	-2.16B	9.8B	332M
Change In Accounts Receivable	-1.96B	-3.68B	2.58B	345M	-5.35B
Change In Inventories	634M	-597M	186M	-858M	-
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-2.08B	2.06B	-1.54B	3.35B	-3.36B
Cash from Operations	-49.55M	-5.18B	-3.03B	13.81M	-10.6B
Capital Expenditure	-184M	-10.66M	-3.14M	-77.61M	-288M
Sale of Property, Plant, and Equipment	-	3M	-	-	490K
Cash Acquisitions	-	-	-7.53M	-	-
Sale (Purchase) of Intangible assets	-607M	-1.97B	-133M	-3M	-
Investment in Marketable and Equity Securities, Total	-434M	-2.38B	1.19B	-2.03B	-26.94B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-2B	0	-	200M
Other Investing Activities, Total	-13.04B	-5.46B	17.57B	159M	-64.96M
Cash from Investing	-14.27B	-11.81B	18.62B	-1.95B	-27.1B
Short Term Debt Issued, Total	8.35B	17.81B	5.25B	-	-
Long-Term Debt Issued, Total	7.4B	2.5B	1.5B	1.5B	-
Total Debt Issued	15.75B	20.31B	6.75B	1.5B	-
Short Term Debt Repaid, Total	-4.55B	-14.41B	-11.25B	-4.2B	-3B
Long-Term Debt Repaid, Total	-205M	-3.88B	-1.79B	-2.87B	-460M
Total Debt Repaid	-4.76B	-18.29B	-13.04B	-7.07B	-3.46B
Issuance of Common Stock	18.14B	67.47M	265M	29.05B	-
Issuance of Preferred Stock	-	-	9B	-	-
Other Financing Activities, Total	-	-10	-10	-24.68M	150M
Cash from Financing	29.13B	2.09B	2.97B	23.45B	-3.31B
Foreign Exchange Rate Adjustments	1.67M	-21.94M	-14.57M	84.58M	-9.51M
Net Change in Cash	14.82B	-14.93B	18.54B	21.61B	-41.02B
Supplemental Items
Cash Interest Paid	121M	609M	313M	103M	87.38M
Cash Income Tax Paid (Refund)	-1.02M	22.33M	1.25B	-1.17B	-80.01M
Levered Free Cash Flow	-13.48B	-15.13B	18.69B	3.09B	-8.49B
Unlevered Free Cash Flow	-13.34B	-14.74B	18.92B	3.17B	-8.43B
Change In Net Working Capital	15.17B	10.41B	-24.67B	-10.89B	7.1B
Net Debt Issued / Repaid	11B	2.02B	-6.29B	-5.57B	-3.46B

Fiscal Period: December	2021 (KRW)	2022 (KRW)	2023 (KRW)	2024 (KRW)	2025 (KRW)
Profitability
Return on Assets	4.08	-5.98	-10.03	-14.7	-3.03
Return on Total Capital	4.79	-7.5	-11.62	-15.15	-3.12
Return On Equity %	6.82	-14.68	-18.09	-31.73	-9.06
Return on Common Equity	6.83	-14.68	-18.09	-31.83	-9.06
Margin Analysis
Gross Profit Margin %	14.26	0.08	-1.58	-7.89	5.27
SG&A Margin	5.56	9.85	4.99	13.36	21.33
EBITDA Margin %	8.86	-13.69	-20.28	-45.95	-14.09
EBITA Margin %	8.1	-14.67	-21.31	-47.39	-18.35
EBIT Margin %	7.95	-15.49	-23.47	-47.41	-18.39
Income From Continuing Operations Margin %	5.69	-14.33	-17.76	-54.76	-32.14
Net Income Margin %	5.69	-14.33	-17.76	-54.76	-32.14
Net Avail. For Common Margin %	5.69	-14.33	-17.76	-54.76	-32.14
Normalized Net Income Margin	4.39	-10.1	-9.67	-27.63	-8.77
Levered Free Cash Flow Margin	-32.87	-34.07	44.65	11.33	-58.09
Unlevered Free Cash Flow Margin	-32.51	-33.18	45.19	11.61	-57.7
Asset Turnover
Asset Turnover	0.82	0.62	0.68	0.5	0.26
Fixed Assets Turnover	83.61	72.24	64.12	37.12	20.14
Receivables Turnover (Average Receivables)	12.95	7.77	9.62	31.64	5
Inventory Turnover (Average Inventory)	7.98	11.13	12.53	-	-
Short Term Liquidity
Current Ratio	2.47	2.24	4.85	17.09	19.31
Quick Ratio	1.11	0.6	3.5	16.71	17.55
Operating Cash Flow to Current Liabilities	-0	-0.2	-0.37	0	-5.41
Days Sales Outstanding (Average Receivables)	28.18	46.98	37.92	11.57	72.99
Days Outstanding Inventory (Average Inventory)	45.72	32.79	29.14	-	-
Long Term Solvency
Total Debt/Equity	30.38	34.33	22.55	6.47	1.25
Total Debt / Total Capital	23.3	25.55	18.4	6.07	1.23
LT Debt/Equity	3.87	6.17	4.97	3.1	0.24
Long-Term Debt / Total Capital	2.97	4.59	4.05	2.91	0.24
Total Liabilities / Total Assets	38.19	41.25	21.15	8.63	4.43
EBIT / Interest Expense	13.81	-10.85	-27.18	-105.64	-29.51
EBITDA / Interest Expense	15.4	-9.58	-23.48	-102.37	-22.6
(EBITDA - Capex) / Interest Expense	14.63	-9.6	-23.49	-103	-25.77
Total Debt / EBITDA	3.73	-2.38	-1.07	-0.28	-0.3
Net Debt / EBITDA	-2.66	-1.01	2.1	3.58	13.52
Total Debt / (EBITDA - Capex)	3.93	-2.37	-1.06	-0.28	-0.26
Net Debt / (EBITDA - Capex)	-2.8	-1.01	2.1	3.56	11.85
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	18.4	8.28	-5.76	-34.77	-46.47
Gross Profit, 1 Yr. Growth %	3.1	-99.4	-1.98K	224.84	-135.78
EBITDA, 1 Yr. Growth %	-5.36	-267.31	39.57	47.82	-83.59
EBITA, 1 Yr. Growth %	-8.4	-296.16	36.9	45.06	-79.27
EBIT, 1 Yr. Growth %	-9.23	-311.16	42.77	31.76	-79.23
Earnings From Cont. Operations, 1 Yr. Growth %	-26.02	-372.91	16.8	101.15	-68.58
Net Income, 1 Yr. Growth %	-26.02	-372.88	16.8	101.15	-68.58
Normalized Net Income, 1 Yr. Growth %	20.46	-348.99	-9.83	86.38	-83.01
Diluted EPS Before Extra, 1 Yr. Growth %	-34.87	-318.78	44.39	10.55	-71.05
Accounts Receivable, 1 Yr. Growth %	92.99	74.09	-80.23	-79.76	1.81K
Inventory, 1 Yr. Growth %	-5.83	-13.4	-16.56	-	-
Net Property, Plant and Equip., 1 Yr. Growth %	377.07	-48.42	111.99	-34.18	48.55
Total Assets, 1 Yr. Growth %	162.46	-0.81	-29.01	16.54	-12.55
Tangible Book Value, 1 Yr. Growth %	86.12	-9.05	-0.32	36.19	-8.54
Common Equity, 1 Yr. Growth %	88.31	-5.72	-4.72	36.04	-8.53
Cash From Operations, 1 Yr. Growth %	-96.63	10.36K	-41.45	-100.45	-76.89K
Capital Expenditures, 1 Yr. Growth %	3.18K	-94.19	-70.53	2.37K	271.68
Levered Free Cash Flow, 1 Yr. Growth %	-	12.24	-223.51	-83.45	-374.43
Unlevered Free Cash Flow, 1 Yr. Growth %	-	10.51	-228.36	-83.24	-366
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	13.23	1.02	-21.6	-40.91
Gross Profit, 2 Yr. CAGR %	-	-92.11	-66.33	680.89	7.8
EBITDA, 2 Yr. CAGR %	-	25.84	52.81	43.63	-50.75
EBITA, 2 Yr. CAGR %	-	34.05	63.87	40.92	-45.17
EBIT, 2 Yr. CAGR %	-	38.44	73.63	37.15	-47.69
Earnings From Cont. Operations, 2 Yr. CAGR %	-	42.09	78.54	53.28	-20.5
Net Income, 2 Yr. CAGR %	-	42.09	78.52	53.28	-20.5
Normalized Net Income, 2 Yr. CAGR %	-	73.18	49.84	29.64	-43.73
Diluted EPS Before Extra, 2 Yr. CAGR %	-	19.37	77.74	26.35	-43.43
Accounts Receivable, 2 Yr. CAGR %	-	83.29	-41.34	-80	96.72
Inventory, 2 Yr. CAGR %	-	-9.69	-14.99	-	-
Net Property, Plant and Equip., 2 Yr. CAGR %	-	56.87	4.57	18.13	-1.12
Total Assets, 2 Yr. CAGR %	-	61.35	-16.08	-9.04	0.95
Tangible Book Value, 2 Yr. CAGR %	-	30.1	-4.79	16.08	11.61
Common Equity, 2 Yr. CAGR %	-	33.24	-5.23	13.43	11.55
Cash From Operations, 2 Yr. CAGR %	-	87.76	682.64	-94.84	86.92
Capital Expenditures, 2 Yr. CAGR %	-	38	-86.91	169.8	858.09
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	17.74	-54.78	-32.6
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	19.1	-53.62	-33.23
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	6.51	-12.69	-30.96
Gross Profit, 3 Yr. CAGR %	-	-	-51.1	-28.32	179.42
EBITDA, 3 Yr. CAGR %	-	-	30.26	51.13	-30.3
EBITA, 3 Yr. CAGR %	-	-	34.99	57.34	-25.61
EBIT, 3 Yr. CAGR %	-	-	39.87	58.37	-26.9
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	33.1	85.78	-9.63
Net Income, 3 Yr. CAGR %	-	-	33.1	85.77	-9.62
Normalized Net Income, 3 Yr. CAGR %	-	-	39.32	61.15	-34.15
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	27.19	51.72	-22.69
Accounts Receivable, 3 Yr. CAGR %	-	-	-12.75	-58.86	-8.54
Inventory, 3 Yr. CAGR %	-	-	-12.04	-	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	73.44	-10.38	27.5
Total Assets, 3 Yr. CAGR %	-	-	22.72	-6.38	-10.23
Tangible Book Value, 3 Yr. CAGR %	-	-	19.05	7.01	7.21
Common Equity, 3 Yr. CAGR %	-	-	19.15	6.65	5.58
Cash From Operations, 3 Yr. CAGR %	-	-	27.32	-34.68	26.94
Capital Expenditures, 3 Yr. CAGR %	-	-	-17.51	-24.94	200.21
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-38.78	-17.52
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-38.05	-16.97
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	-	-15.85
Gross Profit, 5 Yr. CAGR %	-	-	-	-	-32.92
EBITDA, 5 Yr. CAGR %	-	-	-	-	-11.72
EBITA, 5 Yr. CAGR %	-	-	-	-	-5.85
EBIT, 5 Yr. CAGR %	-	-	-	-	-5.62
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	-	8.3
Net Income, 5 Yr. CAGR %	-	-	-	-	8.31
Normalized Net Income, 5 Yr. CAGR %	-	-	-	-	-3.06
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-8.02
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	20.78
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	38.53
Total Assets, 5 Yr. CAGR %	-	-	-	-	13.5
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	15.84
Common Equity, 5 Yr. CAGR %	-	-	-	-	15.88
Cash From Operations, 5 Yr. CAGR %	-	-	-	-	48.46
Capital Expenditures, 5 Yr. CAGR %	-	-	-	-	119.99