S&W Corporation 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	48,804	47,130	43,634	36,016	29,963
Other Revenue	-	-	-0	-	-0
Revenue	48,804	47,130	43,634	36,016	29,963
Revenue Growth (YoY)	3.55%	8.01%	21.15%	20.20%	-10.55%
Cost of Revenue	42,784	39,481	36,720	30,684	27,557
Gross Profit	6,020	7,649	6,914	5,332	2,406
Selling, General & Admin	4,149	3,827	3,416	2,586	2,457
Amortization of Goodwill & Intangibles	5.53	2.79	0.3	0.3	0.23
Other Operating Expenses	240.42	218.3	166.5	193.26	243.58
Operating Expenses	5,113	4,184	3,675	2,822	2,802
Operating Income	907.29	3,466	3,239	2,510	-396.64
Interest Expense	-79.81	-2.08	-18.45	-82.44	-70.66
Interest & Investment Income	32.66	178.93	211.56	98.96	14.96
Earnings From Equity Investments	-	-	-	-862.46	-903.25
Currency Exchange Gain (Loss)	75.33	148.61	104.39	-11.82	22.04
Other Non Operating Income (Expenses)	2,011	-207.72	96.68	176.2	145.08
EBT Excluding Unusual Items	2,946	3,583	3,633	1,829	-1,188
Gain (Loss) on Sale of Investments	0.69	-19.51	-5.63	-35.45	-71.54
Gain (Loss) on Sale of Assets	281.04	13.14	-10.66	12.27	-89.73
Asset Writedown	-692.9	-0.74	-	-	-
Pretax Income	2,535	3,576	3,617	1,806	-1,350
Income Tax Expense	-1,096	-1,187	150.05	-519.48	-71.2
Net Income	3,631	4,763	3,467	2,325	-1,279
Net Income to Common	3,631	4,763	3,467	2,325	-1,279
Net Income Growth	-23.77%	37.40%	49.10%	-	-
Shares Outstanding (Basic)	-	7	7	7	7
Shares Outstanding (Diluted)	-	7	7	7	7
EPS (Basic)	-	661.56	481.50	322.94	-177.58
EPS (Diluted)	-	661.56	481.50	322.94	-177.58
EPS Growth	-	37.40%	49.10%	-	-
Free Cash Flow	-11,548	-5,016	2,682	-1,221	-1,950
Free Cash Flow Per Share	-	-696.70	372.56	-169.60	-270.84
Gross Margin	12.34%	16.23%	15.85%	14.80%	8.03%
Operating Margin	1.86%	7.35%	7.42%	6.97%	-1.32%
Profit Margin	7.44%	10.11%	7.95%	6.46%	-4.27%
Free Cash Flow Margin	-23.66%	-10.64%	6.15%	-3.39%	-6.51%
EBITDA	2,538	4,346	4,058	3,266	709.81
EBITDA Margin	5.20%	9.22%	9.30%	9.07%	2.37%
D&A For EBITDA	1,631	880.49	818.98	755.67	1,106
EBIT	907.29	3,466	3,239	2,510	-396.64
EBIT Margin	1.86%	7.35%	7.42%	6.97%	-1.32%
Effective Tax Rate	-	-	4.15%	-	-
Advertising Expenses	32.67	30.66	8.24	-	4.98

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