2023 Financial Results
2022 Financial Results
Non-consolidated
Profitability improved thanks to solid MNO revenue growth and stabilization of marketing and depreciation costs
Non-consolidated Income Statement
Key Metrics
(KRW bn)
Operating
revenue
2022
2021
YOY
4Q22
4Q21
YoY
OP & margin
12,415
12,103
2.6%
3,096
3,073
0.8%
- MNO
10,463
10,257
2.0%
2,634
2,590
1.7%
(KRW bn)
1,321
1,114
- Other
1,952
1,846
5.8%
462
483
A4.4%
381
389
Operating
357
11,093
10,989
1.0%
2,902
2,914
A0.4%
expenses
- Marketing
3,063
3,216
A4.8%
798
813
A1.8%
expense
195
10.6%
- Depreciation 1)
2,828
2,914
A3.0%
705
728
A3.2%
Operating
1,321
1,114
18.6%
195
159
22.3%
11.6%
12.2%
12.4%
income
9.2%
Net income
869
1,074
▲ 19.0%
88
265
A66.9%
6.3%
EBITDA
4,149
CAPEX
2,215
4,029
2,179
3.0%
899
887
1.4%
1Q22
2Q22
3Q22
4Q22
2021
2022
1.7%
1,091
1,026
6.3%
1) R&D related depreciation and amortization included
EBITDA & margin
• MNO revenue up 2% thanks to 5G subscriber growth and
roaming revenue recovery
O Non-consolidated revenue of KRW 12.4tn, up 2.6% YoY
• Top-line growth of solutions and products T universe
(KRW bn)
4,149
4,029
• Non-consolidated operating income of KRW 1.3tn, up 18.6% YoY
1,070
1,085
1,094
• Profitability up 1.4%p thanks to stable marketing and
depreciation costs despite increase in fees content, outsourcing, etc.
899
for new service expansion
Non-consolidated net income of KRW 869.5bn, down 19% YoY
• Base effect due to last year's asset sale Wyverns
● Non-consolidated CAPEX of KRW 2.2tn executed
33.4%
34.8%
34.8%
35.0%
33.3%
29.0%
1Q22
2Q22
3Q22
4Q22
2021
2022
LO
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