Shin Steel 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	2015 - 2019
Period Ending	Sep '25 Sep 30, 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	2015 - 2019
Operating Revenue	370,817	386,555	323,818	381,032	343,324	215,383	Upgrade
Other Revenue	-0	-0	-	-0	-	-	Upgrade
Revenue	370,817	386,555	323,818	381,032	343,324	215,383	Upgrade
Revenue Growth (YoY)	2.42%	19.37%	-15.02%	10.98%	59.40%	7.76%	Upgrade
Cost of Revenue	345,678	357,972	295,999	349,882	306,980	200,527	Upgrade
Gross Profit	25,139	28,583	27,819	31,150	36,344	14,856	Upgrade
Selling, General & Admin	20,178	16,726	13,514	13,600	11,670	9,631	Upgrade
Amortization of Goodwill & Intangibles	36.1	35.69	35.51	33	13.11	6.12	Upgrade
Other Operating Expenses	280.44	294.88	275.21	116.5	302.81	99.54	Upgrade
Operating Expenses	21,935	18,115	14,767	15,281	12,483	10,675	Upgrade
Operating Income	3,204	10,467	13,052	15,869	23,861	4,180	Upgrade
Interest Expense	-4,104	-4,392	-3,497	-2,891	-2,017	-1,913	Upgrade
Interest & Investment Income	502.69	641.5	518.82	75.14	19.75	40.86	Upgrade
Earnings From Equity Investments	-322.66	-476.16	-674.27	-239.65	-	-	Upgrade
Currency Exchange Gain (Loss)	2,826	5,531	948.17	531.54	58.6	-631.59	Upgrade
Other Non Operating Income (Expenses)	1,990	-3,704	-1,312	-4,706	-163.85	-44.97	Upgrade
EBT Excluding Unusual Items	4,096	8,067	9,035	8,639	21,759	1,632	Upgrade
Gain (Loss) on Sale of Investments	501.22	512.57	5.49	-	0.39	0.65	Upgrade
Gain (Loss) on Sale of Assets	77.1	69.99	-105.44	3.59	5.72	0.47	Upgrade
Pretax Income	4,675	8,650	8,935	8,643	21,765	1,633	Upgrade
Income Tax Expense	1,231	2,139	2,517	2,755	4,713	141.9	Upgrade
Earnings From Continuing Operations	3,444	6,511	6,418	5,888	17,052	1,491	Upgrade
Net Income to Company	3,444	6,511	6,418	5,888	17,052	1,491	Upgrade
Minority Interest in Earnings	-	-	-	-	-	179.13	Upgrade
Net Income	3,444	6,511	6,418	5,888	17,052	1,670	Upgrade
Net Income to Common	3,444	6,511	6,418	5,888	17,052	1,670	Upgrade
Net Income Growth	47.97%	1.44%	9.01%	-65.47%	921.05%	-46.31%	Upgrade
Shares Outstanding (Basic)	41	41	41	36	34	3	Upgrade
Shares Outstanding (Diluted)	48	48	41	36	34	3	Upgrade
Shares Change (YoY)	16.20%	17.50%	11.99%	7.29%	866.68%	0.09%	Upgrade
EPS (Basic)	84.08	158.73	158.45	162.79	505.80	478.87	Upgrade
EPS (Diluted)	84.08	154.58	158.00	162.79	505.80	478.79	Upgrade
EPS Growth	52.39%	-2.17%	-2.94%	-67.82%	5.64%	-46.36%	Upgrade
Free Cash Flow	15,081	-11,385	-4,467	-14,444	-789.31	6,764	Upgrade
Free Cash Flow Per Share	317.24	-239.20	-110.27	-399.33	-23.41	1939.45	Upgrade
Dividend Per Share	20.000	20.000	-	-	-	-	Upgrade
Gross Margin	6.78%	7.39%	8.59%	8.18%	10.59%	6.90%	Upgrade
Operating Margin	0.86%	2.71%	4.03%	4.17%	6.95%	1.94%	Upgrade
Profit Margin	0.93%	1.68%	1.98%	1.54%	4.97%	0.78%	Upgrade
Free Cash Flow Margin	4.07%	-2.94%	-1.38%	-3.79%	-0.23%	3.14%	Upgrade
EBITDA	5,809	12,148	14,884	17,862	25,608	5,895	Upgrade
EBITDA Margin	1.57%	3.14%	4.60%	4.69%	7.46%	2.74%	Upgrade
D&A For EBITDA	2,605	1,681	1,832	1,993	1,746	1,714	Upgrade
EBIT	3,204	10,467	13,052	15,869	23,861	4,180	Upgrade
EBIT Margin	0.86%	2.71%	4.03%	4.17%	6.95%	1.94%	Upgrade
Effective Tax Rate	26.33%	24.73%	28.17%	31.88%	21.65%	8.69%	Upgrade
Advertising Expenses	-	79.61	158.9	103.1	99.41	101.13	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.