Songwon Industrial 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	1,039,162	1,070,200	1,029,975	1,329,509	998,190
Revenue Growth (YoY)	-2.90%	3.91%	-22.53%	33.19%	23.57%
Cost of Revenue	896,671	893,292	880,026	1,027,889	776,749
Gross Profit	142,491	176,908	149,949	301,620	221,441
Selling, General & Admin	117,493	110,920	89,091	114,148	114,107
Operating Expenses	120,646	114,094	91,480	116,504	116,476
Operating Income	21,845	62,814	58,469	185,116	104,965
Interest Expense	-7,298	-7,375	-9,297	-8,773	-5,874
Interest & Investment Income	1,943	2,087	1,836	635	259
Earnings From Equity Investments	1,144	1,186	847	2,020	1,103
Currency Exchange Gain (Loss)	-5,041	7,433	-1,495	-3,254	405
Other Non Operating Income (Expenses)	-4,330	-1,016	2,975	6,551	2,463
EBT Excluding Unusual Items	8,263	65,129	53,335	182,295	103,321
Gain (Loss) on Sale of Investments	406	503	308	91	-
Gain (Loss) on Sale of Assets	-2,098	-1,390	-4,149	-1,431	407
Asset Writedown	-	-	-	-1,309	-2,544
Other Unusual Items	-	-	-	1,454	-
Pretax Income	6,571	64,242	49,494	181,100	101,184
Income Tax Expense	4,234	19,154	14,647	49,168	29,975
Earnings From Continuing Operations	2,337	45,088	34,847	131,932	71,209
Minority Interest in Earnings	-	-	-	-	1,064
Net Income	2,337	45,088	34,847	131,932	72,273
Net Income to Common	2,337	45,088	34,847	131,932	72,273
Net Income Growth	-94.82%	29.39%	-73.59%	82.55%	163.26%
Shares Outstanding (Basic)	24	24	24	24	24
Shares Outstanding (Diluted)	24	24	24	24	24
EPS (Basic)	97.38	1878.67	1451.96	5497.17	3011.38
EPS (Diluted)	97.38	1878.67	1451.96	5497.17	3011.38
EPS Growth	-94.82%	29.39%	-73.59%	82.55%	163.26%
Free Cash Flow	22,861	59,271	128,388	56,482	-42,593
Free Cash Flow Per Share	952.54	2469.63	5349.50	2353.42	-1774.71
Dividend Per Share	-	300.000	250.000	500.000	200.000
Dividend Growth	-	20.00%	-50.00%	150.00%	66.67%
Gross Margin	13.71%	16.53%	14.56%	22.69%	22.18%
Operating Margin	2.10%	5.87%	5.68%	13.92%	10.52%
Profit Margin	0.22%	4.21%	3.38%	9.92%	7.24%
Free Cash Flow Margin	2.20%	5.54%	12.46%	4.25%	-4.27%
EBITDA	62,690	102,229	94,559	215,137	138,624
EBITDA Margin	6.03%	9.55%	9.18%	16.18%	13.89%
D&A For EBITDA	40,845	39,415	36,090	30,021	33,659
EBIT	21,845	62,814	58,469	185,116	104,965
EBIT Margin	2.10%	5.87%	5.68%	13.92%	10.52%
Effective Tax Rate	64.44%	29.82%	29.59%	27.15%	29.62%

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