Sang-A Frontec 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	195,988	171,752	183,599	181,156	178,481
Other Revenue	-0	-	-0	-0	-0
Revenue	195,988	171,752	183,599	181,156	178,481
Revenue Growth (YoY)	14.11%	-6.45%	1.35%	1.50%	16.39%
Cost of Revenue	161,551	139,494	147,760	141,231	140,809
Gross Profit	34,437	32,258	35,839	39,924	37,671
Selling, General & Admin	18,197	17,474	17,010	16,366	15,794
Research & Development	8,277	6,764	7,221	8,215	7,839
Other Operating Expenses	503.63	589.84	767.29	550.69	759.42
Operating Expenses	27,725	26,530	26,893	27,014	25,712
Operating Income	6,712	5,727	8,946	12,910	11,959
Interest Expense	-5,891	-7,192	-7,427	-5,811	-5,572
Interest & Investment Income	1,412	2,081	2,403	1,317	1,251
Currency Exchange Gain (Loss)	802.88	1,629	638.12	300.53	2,147
Other Non Operating Income (Expenses)	974.86	5,831	12,574	351.01	1,737
EBT Excluding Unusual Items	4,011	8,077	17,135	9,067	11,522
Gain (Loss) on Sale of Assets	1,600	-673.37	-131.35	-215.57	-716.11
Asset Writedown	-	-593.43	-	-	-
Pretax Income	5,611	6,810	17,004	8,852	10,806
Income Tax Expense	-1,144	647.36	5,009	1,426	1,507
Net Income	6,755	6,163	11,994	7,426	9,299
Net Income to Common	6,755	6,163	11,994	7,426	9,299
Net Income Growth	9.61%	-48.62%	61.52%	-20.14%	300.82%
Shares Outstanding (Basic)	16	16	16	16	15
Shares Outstanding (Diluted)	16	18	18	16	15
Shares Change (YoY)	-10.37%	-	12.29%	1.91%	-0.09%
EPS (Basic)	433.28	395.28	769.32	476.30	607.81
EPS (Diluted)	409.71	266.49	272.82	476.00	607.81
EPS Growth	53.75%	-2.32%	-42.68%	-21.69%	299.87%
Free Cash Flow	-21,505	-6,820	-113.07	-12,777	-19,043
Free Cash Flow Per Share	-1370.51	-389.60	-6.46	-819.53	-1244.77
Dividend Per Share	200.000	200.000	200.000	200.000	200.000
Dividend Growth	-	-	-	-	25.00%
Gross Margin	17.57%	18.78%	19.52%	22.04%	21.11%
Operating Margin	3.43%	3.33%	4.87%	7.13%	6.70%
Profit Margin	3.45%	3.59%	6.53%	4.10%	5.21%
Free Cash Flow Margin	-10.97%	-3.97%	-0.06%	-7.05%	-10.67%
EBITDA	21,403	19,552	22,527	25,571	22,684
EBITDA Margin	10.92%	11.38%	12.27%	14.12%	12.71%
D&A For EBITDA	14,691	13,825	13,581	12,661	10,725
EBIT	6,712	5,727	8,946	12,910	11,959
EBIT Margin	3.43%	3.33%	4.87%	7.13%	6.70%
Effective Tax Rate	-	9.51%	29.46%	16.11%	13.95%
Advertising Expenses	45.02	34.31	73.49	123.71	73.27

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