Qualitas Semiconductor 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
Revenue	5,350	6,075	10,775	10,789	3,952
Revenue Growth (YoY)	-11.93%	-43.62%	-0.14%	173.00%	200.29%
Cost of Revenue	15.45	26.48	14.62	11.42	22.24
Gross Profit	5,335	6,048	10,760	10,778	3,930
Selling, General & Admin	5,595	8,878	5,418	5,371	2,431
Research & Development	23,865	19,218	16,162	8,668	5,707
Amortization of Goodwill & Intangibles	8.33	24.92	4.75	5.07	14.23
Other Operating Expenses	14.21	14.08	20.43	53.05	16.12
Operating Expenses	29,806	28,743	21,946	14,449	8,671
Operating Income	-24,472	-22,694	-11,186	-3,671	-4,742
Interest Expense	-1,011	-350.45	-971.99	-1,170	-422.49
Interest & Investment Income	998.68	386.67	130.05	137.47	21.32
Currency Exchange Gain (Loss)	-138.38	74.58	5.21	85.75	16.2
Other Non Operating Income (Expenses)	1,181	2,769	4,399	2,253	1,575
EBT Excluding Unusual Items	-23,441	-19,815	-7,624	-2,364	-3,551
Gain (Loss) on Sale of Investments	393.93	757.76	150.95	-25.13	6.06
Gain (Loss) on Sale of Assets	-43.39	-0.51	-20.58	-6.47	-36.33
Pretax Income	-23,090	-19,057	-7,493	-2,396	-3,582
Income Tax Expense	-	-	615.02	-114.85	73.35
Net Income	-23,090	-19,057	-8,109	-2,281	-3,655
Net Income to Common	-23,090	-19,057	-8,109	-2,281	-3,655
Shares Outstanding (Basic)	14	12	8	6	0
Shares Outstanding (Diluted)	14	12	8	6	0
Shares Change (YoY)	14.97%	44.63%	31.45%	5651.02%	900.08%
EPS (Basic)	-1644.00	-1560.00	-960.00	-355.00	-32712.09
EPS (Diluted)	-1644.00	-1560.00	-960.00	-355.00	-32712.09
Free Cash Flow	-16,784	-18,719	-13,619	-1,761	-817.7
Free Cash Flow Per Share	-1194.98	-1532.32	-1612.43	-274.01	-7318.57
Gross Margin	99.71%	99.56%	99.86%	99.89%	99.44%
Operating Margin	-457.41%	-373.59%	-103.82%	-34.02%	-119.98%
Profit Margin	-431.59%	-313.72%	-75.26%	-21.14%	-92.48%
Free Cash Flow Margin	-313.71%	-308.15%	-126.40%	-16.32%	-20.69%
EBITDA	-22,325	-20,669	-9,471	-2,689	-4,224
EBITDA Margin	-	-	-87.90%	-24.92%	-106.89%
D&A For EBITDA	2,147	2,025	1,715	981.89	517.09
EBIT	-24,472	-22,694	-11,186	-3,671	-4,742
EBIT Margin	-	-	-103.82%	-34.02%	-119.98%
Advertising Expenses	229.5	118.48	142.42	15.3	7.19

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