SolDefense Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Operating Revenue	29,666	26,761	21,757
Other Revenue	-0	-0	-
Revenue	29,666	26,761	21,757
Revenue Growth (YoY)	36.35%	23.00%	-
Cost of Revenue	23,241	20,954	15,710
Gross Profit	6,425	5,807	6,047
Selling, General & Admin	5,787	4,104	2,723
Research & Development	92.29	177.02	314.45
Amortization of Goodwill & Intangibles	17.04	16.41	-
Other Operating Expenses	18.1	16.46	6.15
Operating Expenses	6,089	4,439	988.83
Operating Income	336.1	1,368	5,058
Interest Expense	-154.17	-175.11	-589.86
Interest & Investment Income	651.14	736.12	707.45
Currency Exchange Gain (Loss)	19.11	26.02	13.88
Other Non Operating Income (Expenses)	-226.53	-190.01	2,166
EBT Excluding Unusual Items	625.65	1,765	7,355
Gain (Loss) on Sale of Investments	191.26	55.69	1,882
Gain (Loss) on Sale of Assets	0.44	0.44	4
Asset Writedown	-	-	1,332
Pretax Income	817.35	1,822	10,573
Income Tax Expense	-1,282	-1,282	-412.1
Net Income	2,099	3,103	10,985
Net Income to Common	2,099	3,103	10,985
Net Income Growth	-80.89%	-71.75%	-
Shares Outstanding (Basic)	23	23	18
Shares Outstanding (Diluted)	23	23	21
Shares Change (YoY)	11.27%	8.46%	-
EPS (Basic)	90.50	137.28	596.00
EPS (Diluted)	90.50	137.28	527.00
EPS Growth	-82.83%	-73.95%	-
Free Cash Flow	-1,292	377.97	3,481
Free Cash Flow Per Share	-55.70	16.72	167.00
Gross Margin	21.66%	21.70%	27.79%
Operating Margin	1.13%	5.11%	23.25%
Profit Margin	7.08%	11.60%	50.49%
Free Cash Flow Margin	-4.35%	1.41%	16.00%
EBITDA	1,156	2,129	5,197
EBITDA Margin	3.90%	7.96%	23.89%
D&A For EBITDA	819.99	760.56	139.07
EBIT	336.1	1,368	5,058
EBIT Margin	1.13%	5.11%	23.25%
Advertising Expenses	-	1	1