Shindo Eng. Lab. 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	31,923	10,598	20,755	21,815	39,794
Other Revenue	-	-	-	-0	-0
Revenue	31,923	10,598	20,755	21,815	39,794
Revenue Growth (YoY)	201.23%	-48.94%	-4.86%	-45.18%	-4.28%
Cost of Revenue	22,262	10,378	15,814	18,008	34,933
Gross Profit	9,661	219.6	4,941	3,807	4,861
Selling, General & Admin	6,313	4,684	4,931	3,926	5,661
Research & Development	1,461	865.64	1,380	1,848	1,253
Amortization of Goodwill & Intangibles	0.91	1.4	1.7	21.22	31.62
Other Operating Expenses	54.5	369.27	87.1	62.53	75.96
Operating Expenses	7,853	4,316	7,452	7,540	7,659
Operating Income	1,808	-4,096	-2,511	-3,733	-2,798
Interest Expense	-118.13	-38.6	-97.22	-210.83	-335.22
Interest & Investment Income	776.78	396.94	482.85	449.83	509.34
Currency Exchange Gain (Loss)	-844.58	4,675	955.73	3,966	5,142
Other Non Operating Income (Expenses)	143.47	-12.68	-46.58	-66.84	68.53
EBT Excluding Unusual Items	1,765	924.14	-1,216	405.13	2,587
Impairment of Goodwill	-	-43.25	-198	-	-648
Gain (Loss) on Sale of Assets	36	5.18	-	-	-
Asset Writedown	-	-1,358	-	-	-
Pretax Income	1,801	-471.43	-1,414	405.13	1,939
Income Tax Expense	-8.11	92.64	1,934	806.02	301.11
Net Income	1,809	-564.08	-3,348	-400.89	1,637
Net Income to Common	1,809	-564.08	-3,348	-400.89	1,637
Shares Outstanding (Basic)	16	16	16	16	16
Shares Outstanding (Diluted)	16	16	16	16	16
Shares Change (YoY)	1.29%	-0.43%	-	-1.08%	7.44%
EPS (Basic)	114.00	-36.00	-212.79	-25.48	102.94
EPS (Diluted)	114.00	-36.00	-213.00	-26.00	102.00
Free Cash Flow	-5,169	11,054	-573.71	-1,193	7,585
Free Cash Flow Per Share	-325.71	705.48	-36.46	-75.83	476.83
Gross Margin	30.26%	2.07%	23.80%	17.45%	12.21%
Operating Margin	5.66%	-38.65%	-12.10%	-17.11%	-7.03%
Profit Margin	5.67%	-5.32%	-16.13%	-1.84%	4.12%
Free Cash Flow Margin	-16.19%	104.31%	-2.76%	-5.47%	19.06%
EBITDA	1,934	-3,244	-1,583	-2,711	-1,519
EBITDA Margin	6.06%	-30.61%	-7.63%	-12.43%	-3.82%
D&A For EBITDA	126.31	852.18	927.86	1,022	1,279
EBIT	1,808	-4,096	-2,511	-3,733	-2,798
EBIT Margin	5.66%	-38.65%	-12.10%	-17.11%	-7.03%
Effective Tax Rate	-	-	-	198.95%	15.53%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.