Sangshin Electronics 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	129,140	124,972	109,704	111,345	102,968
Other Revenue	-	-0	-0	-0	-0
Revenue	129,140	124,972	109,704	111,345	102,968
Revenue Growth (YoY)	3.33%	13.92%	-1.47%	8.13%	19.01%
Cost of Revenue	117,597	113,846	100,047	102,830	94,173
Gross Profit	11,543	11,125	9,657	8,514	8,795
Selling, General & Admin	6,623	6,776	6,166	6,001	5,955
Research & Development	1,683	1,562	1,414	1,367	1,170
Operating Expenses	8,980	9,005	8,113	7,673	7,433
Operating Income	2,563	2,120	1,544	840.93	1,361
Interest Expense	-744.05	-1,171	-1,133	-721.41	-450.82
Interest & Investment Income	374.16	372.18	233.5	241.07	83.2
Earnings From Equity Investments	96.81	-	-	-	121.38
Currency Exchange Gain (Loss)	-325.89	1,760	39.65	281.38	1,126
Other Non Operating Income (Expenses)	34.95	-18.7	-8.43	-6,313	-9.82
EBT Excluding Unusual Items	1,999	3,063	675.59	-5,671	2,231
Gain (Loss) on Sale of Assets	0.79	1.54	-73.73	-41.72	-0.2
Asset Writedown	-	-	-28.64	-	-
Pretax Income	2,000	3,064	2,578	1,288	2,231
Income Tax Expense	265.76	659.04	339.26	162.97	157.19
Net Income	1,734	2,405	2,238	1,125	2,074
Net Income to Common	1,734	2,405	2,238	1,125	2,074
Net Income Growth	-27.91%	7.47%	99.01%	-45.77%	-0.02%
Shares Outstanding (Basic)	15	14	14	14	14
Shares Outstanding (Diluted)	15	14	14	14	14
Shares Change (YoY)	6.87%	-0.06%	-	-	-
EPS (Basic)	114.00	169.00	157.17	78.98	145.63
EPS (Diluted)	114.00	169.00	157.00	78.98	145.63
EPS Growth	-32.54%	7.64%	98.80%	-45.77%	-0.02%
Free Cash Flow	1,641	388.34	1,777	-6,391	-4,558
Free Cash Flow Per Share	107.89	27.28	124.80	-448.74	-320.06
Gross Margin	8.94%	8.90%	8.80%	7.65%	8.54%
Operating Margin	1.98%	1.70%	1.41%	0.76%	1.32%
Profit Margin	1.34%	1.93%	2.04%	1.01%	2.01%
Free Cash Flow Margin	1.27%	0.31%	1.62%	-5.74%	-4.43%
EBITDA	4,676	4,108	3,359	2,059	2,558
EBITDA Margin	3.62%	3.29%	3.06%	1.85%	2.48%
D&A For EBITDA	2,113	1,988	1,815	1,218	1,196
EBIT	2,563	2,120	1,544	840.93	1,361
EBIT Margin	1.98%	1.70%	1.41%	0.76%	1.32%
Effective Tax Rate	13.29%	21.51%	13.16%	12.66%	7.04%

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