SolDefense Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Operating Revenue	26,761	21,757
Other Revenue	-0	-
Revenue	26,761	21,757
Revenue Growth (YoY)	23.00%	-
Cost of Revenue	20,954	15,710
Gross Profit	5,807	6,047
Selling, General & Admin	4,104	2,723
Research & Development	177.02	314.45
Amortization of Goodwill & Intangibles	16.41	-
Other Operating Expenses	16.46	6.15
Operating Expenses	4,439	988.83
Operating Income	1,368	5,058
Interest Expense	-175.11	-589.86
Interest & Investment Income	736.12	707.45
Currency Exchange Gain (Loss)	26.02	13.88
Other Non Operating Income (Expenses)	-190.01	2,166
EBT Excluding Unusual Items	1,765	7,355
Gain (Loss) on Sale of Investments	55.69	1,882
Gain (Loss) on Sale of Assets	0.44	4
Asset Writedown	-	1,332
Pretax Income	1,822	10,573
Income Tax Expense	-1,282	-412.1
Net Income	3,103	10,985
Net Income to Common	3,103	10,985
Net Income Growth	-71.75%	-
Shares Outstanding (Basic)	23	18
Shares Outstanding (Diluted)	23	21
Shares Change (YoY)	8.67%	-
EPS (Basic)	137.00	596.00
EPS (Diluted)	137.00	527.00
EPS Growth	-74.00%	-
Free Cash Flow	377.97	3,481
Free Cash Flow Per Share	16.69	167.00
Gross Margin	21.70%	27.79%
Operating Margin	5.11%	23.25%
Profit Margin	11.60%	50.49%
Free Cash Flow Margin	1.41%	16.00%
EBITDA	2,129	5,197
EBITDA Margin	7.96%	23.89%
D&A For EBITDA	760.56	139.07
EBIT	1,368	5,058
EBIT Margin	5.11%	23.25%
Advertising Expenses	1	1

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