Stronghold Digital Mining 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	FY 2020	2016 - 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Operating Revenue	389,324	374,800	328,952	284,079	246,702	215,588	Upgrade
Other Revenue	-	-0	-0	-	-0	-	Upgrade
Revenue	389,324	374,800	328,952	284,079	246,702	215,588	Upgrade
Revenue Growth (YoY)	15.60%	13.94%	15.80%	15.15%	14.43%	-4.15%	Upgrade
Cost of Revenue	342,731	329,980	286,738	254,064	217,583	196,774	Upgrade
Gross Profit	46,593	44,820	42,214	30,014	29,119	18,814	Upgrade
Selling, General & Admin	22,013	21,082	19,169	12,099	13,231	8,912	Upgrade
Research & Development	14,742	14,305	12,659	11,333	10,280	9,705	Upgrade
Other Operating Expenses	563.53	543.46	685.22	670.14	638.16	561.06	Upgrade
Operating Expenses	37,850	36,313	32,804	23,893	25,474	21,451	Upgrade
Operating Income	8,743	8,507	9,410	6,122	3,645	-2,637	Upgrade
Interest Expense	-3,020	-3,020	-3,081	-2,014	-1,479	-1,641	Upgrade
Interest & Investment Income	382.73	382.73	343.66	328.51	224.96	375.72	Upgrade
Currency Exchange Gain (Loss)	738.19	738.19	570.51	-39.17	1,499	-1,396	Upgrade
Other Non Operating Income (Expenses)	104.46	-186.8	826	104.06	98.03	1,039	Upgrade
EBT Excluding Unusual Items	6,949	6,421	8,070	4,501	3,988	-4,260	Upgrade
Gain (Loss) on Sale of Investments	448.38	448.38	775.92	969.44	2,357	707.89	Upgrade
Gain (Loss) on Sale of Assets	157.76	157.76	527.62	-34.92	1,899	-231.11	Upgrade
Asset Writedown	-1,148	-1,148	-2,216	-1,514	-842.25	-412.81	Upgrade
Pretax Income	6,407	5,879	7,158	3,922	7,402	-4,196	Upgrade
Income Tax Expense	-1,649	-1,837	773.54	375.61	1,208	-272.72	Upgrade
Net Income	8,055	7,716	6,384	3,546	6,193	-3,923	Upgrade
Net Income to Common	8,055	7,716	6,384	3,546	6,193	-3,923	Upgrade
Net Income Growth	51.73%	20.87%	80.03%	-42.74%	-	-	Upgrade
Shares Outstanding (Basic)	19	19	19	19	19	19	Upgrade
Shares Outstanding (Diluted)	19	19	19	19	19	19	Upgrade
Shares Change (YoY)	-0.02%	-	-	-	0.56%	1.49%	Upgrade
EPS (Basic)	416.85	399.39	330.43	183.55	320.56	-204.19	Upgrade
EPS (Diluted)	416.85	399.39	330.43	183.55	320.56	-204.19	Upgrade
EPS Growth	51.76%	20.87%	80.03%	-42.74%	-	-	Upgrade
Free Cash Flow	-10,179	-1,522	-2,080	-14,124	-6,189	2,724	Upgrade
Free Cash Flow Per Share	-526.73	-78.78	-107.64	-731.01	-320.35	141.78	Upgrade
Dividend Per Share	45.000	45.000	45.000	15.000	-	-	Upgrade
Dividend Growth	-	-	200.00%	-	-	-	Upgrade
Gross Margin	11.97%	11.96%	12.83%	10.57%	11.80%	8.73%	Upgrade
Operating Margin	2.25%	2.27%	2.86%	2.15%	1.48%	-1.22%	Upgrade
Profit Margin	2.07%	2.06%	1.94%	1.25%	2.51%	-1.82%	Upgrade
Free Cash Flow Margin	-2.61%	-0.41%	-0.63%	-4.97%	-2.51%	1.26%	Upgrade
EBITDA	23,074	22,604	22,570	17,708	14,964	8,692	Upgrade
EBITDA Margin	5.93%	6.03%	6.86%	6.23%	6.07%	4.03%	Upgrade
D&A For EBITDA	14,331	14,097	13,159	11,587	11,318	11,330	Upgrade
EBIT	8,743	8,507	9,410	6,122	3,645	-2,637	Upgrade
EBIT Margin	2.25%	2.27%	2.86%	2.15%	1.48%	-1.22%	Upgrade
Effective Tax Rate	-	-	10.81%	9.58%	16.33%	-	Upgrade
Advertising Expenses	-	42.34	60.26	47.44	41.51	126.81	Upgrade

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