Shinwha Intertek Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	229,136	247,444	177,453	201,246	246,413
Other Revenue	-0	-	-0	-	-0
Revenue	229,136	247,444	177,453	201,246	246,413
Revenue Growth (YoY)	-7.40%	39.44%	-11.82%	-18.33%	-3.50%
Cost of Revenue	203,021	226,289	174,813	187,398	227,874
Gross Profit	26,114	21,156	2,639	13,848	18,539
Selling, General & Admin	8,174	7,534	9,293	8,918	8,755
Research & Development	6,281	5,399	6,858	5,509	6,038
Amortization of Goodwill & Intangibles	392.05	401.98	274.44	312.02	313.68
Other Operating Expenses	1,466	1,223	812.39	846.6	495.7
Operating Expenses	17,018	15,347	18,183	16,622	16,507
Operating Income	9,096	5,809	-15,543	-2,775	2,032
Interest Expense	-2,525	-3,886	-3,151	-1,965	-826.87
Interest & Investment Income	339.85	427.78	363.66	13.62	7.41
Earnings From Equity Investments	-2,839	-1,627	-793.31	-1,382	-54.4
Currency Exchange Gain (Loss)	-176.39	1,849	-89.98	442.65	372.45
Other Non Operating Income (Expenses)	317.67	-1,223	177.44	-4,892	44.45
EBT Excluding Unusual Items	4,213	1,350	-19,036	-10,557	1,575
Gain (Loss) on Sale of Investments	-	-	-	-	150
Gain (Loss) on Sale of Assets	-115.04	41.73	-44.48	42.07	-12.18
Asset Writedown	-	-	-1,286	-	-
Pretax Income	4,098	1,392	-20,367	-10,515	1,713
Income Tax Expense	738.81	547.07	-4,156	-2,109	590.71
Net Income	3,360	844.62	-16,211	-8,405	1,123
Net Income to Common	3,360	844.62	-16,211	-8,405	1,123
Net Income Growth	297.76%	-	-	-	-66.34%
Shares Outstanding (Basic)	29	29	29	29	29
Shares Outstanding (Diluted)	29	29	29	29	29
Shares Change (YoY)	-0.56%	0.39%	-	-	-
EPS (Basic)	116.00	29.00	-558.78	-289.73	38.69
EPS (Diluted)	116.00	29.00	-559.00	-290.00	38.69
EPS Growth	300.00%	-	-	-	-66.34%
Free Cash Flow	21,873	-7,090	-5,216	-3,865	3,803
Free Cash Flow Per Share	755.24	-243.43	-179.79	-133.22	131.10
Gross Margin	11.40%	8.55%	1.49%	6.88%	7.52%
Operating Margin	3.97%	2.35%	-8.76%	-1.38%	0.83%
Profit Margin	1.47%	0.34%	-9.13%	-4.18%	0.46%
Free Cash Flow Margin	9.55%	-2.86%	-2.94%	-1.92%	1.54%
EBITDA	18,026	17,362	-2,491	9,115	13,113
EBITDA Margin	7.87%	7.02%	-1.40%	4.53%	5.32%
D&A For EBITDA	8,930	11,553	13,052	11,890	11,081
EBIT	9,096	5,809	-15,543	-2,775	2,032
EBIT Margin	3.97%	2.35%	-8.76%	-1.38%	0.83%
Effective Tax Rate	18.03%	39.31%	-	-	34.48%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.