SD SYSTEM 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	28,794	18,064	21,295	22,497	21,417
Other Revenue	-	-	-0	-	-0
Revenue	28,794	18,064	21,295	22,497	21,417
Revenue Growth (YoY)	59.40%	-15.17%	-5.34%	5.04%	-5.20%
Cost of Revenue	25,175	16,580	18,129	20,086	17,862
Gross Profit	3,618	1,484	3,166	2,410	3,556
Selling, General & Admin	2,019	2,282	1,540	2,582	1,464
Research & Development	445.24	981.65	446.7	523.5	377.09
Amortization of Goodwill & Intangibles	74.64	74.64	72.31	-	-
Other Operating Expenses	49.13	52.98	36.9	47.77	62.38
Operating Expenses	2,517	3,784	2,137	3,140	1,753
Operating Income	1,101	-2,301	1,030	-730.04	1,803
Interest Expense	-1.83	-1.69	-6.97	-5.63	-7.05
Interest & Investment Income	131.06	149.63	55.16	7.5	10.74
Currency Exchange Gain (Loss)	-11.53	59.77	7.19	60.45	66.38
Other Non Operating Income (Expenses)	-6.69	164.16	1,493	10.31	203.61
EBT Excluding Unusual Items	1,212	-1,929	2,578	-657.41	2,077
Gain (Loss) on Sale of Investments	62.2	101.42	57.98	54.6	301.55
Gain (Loss) on Sale of Assets	0.09	-	1	0.18	30.5
Pretax Income	1,274	-1,827	2,637	-602.63	2,409
Net Income	1,274	-1,827	2,637	-602.63	2,409
Net Income to Common	1,274	-1,827	2,637	-602.63	2,409
Shares Outstanding (Basic)	-	13	13	11	10
Shares Outstanding (Diluted)	-	13	13	11	10
Shares Change (YoY)	-	2.11%	16.71%	13.11%	4.23%
EPS (Basic)	-	-141.05	207.88	-55.44	250.67
EPS (Diluted)	-	-141.05	207.88	-55.44	250.67
Free Cash Flow	-1,933	1,994	1,451	185.4	718.19
Free Cash Flow Per Share	-	153.95	114.37	17.06	74.74
Gross Margin	12.57%	8.21%	14.87%	10.71%	16.60%
Operating Margin	3.82%	-12.74%	4.83%	-3.25%	8.42%
Profit Margin	4.43%	-10.12%	12.38%	-2.68%	11.25%
Free Cash Flow Margin	-6.71%	11.04%	6.81%	0.82%	3.35%
EBITDA	1,299	-2,089	1,256	-594.61	1,874
EBITDA Margin	4.51%	-11.56%	5.90%	-2.64%	8.75%
D&A For EBITDA	197.86	211.63	226.02	135.42	70.61
EBIT	1,101	-2,301	1,030	-730.04	1,803
EBIT Margin	3.82%	-12.74%	4.83%	-3.25%	8.42%
Advertising Expenses	-	-	-	-	10.75

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