Songwon Industrial Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,054,925	1,070,200	1,029,975	1,329,509	998,190	807,768
Revenue Growth (YoY)	-0.55%	3.91%	-22.53%	33.19%	23.57%	-0.81%
Cost of Revenue	897,963	893,292	880,026	1,027,889	776,749	643,795
Gross Profit	156,962	176,908	149,949	301,620	221,441	163,973
Selling, General & Admin	116,795	110,920	89,091	114,148	114,107	93,293
Operating Expenses	119,938	114,094	91,480	116,504	116,476	95,963
Operating Income	37,024	62,814	58,469	185,116	104,965	68,010
Interest Expense	-7,539	-7,375	-9,297	-8,773	-5,874	-6,668
Interest & Investment Income	1,995	2,087	1,836	635	259	216
Earnings From Equity Investments	1,117	1,186	847	2,020	1,103	1,064
Currency Exchange Gain (Loss)	1,259	7,433	-1,495	-3,254	405	-4,100
Other Non Operating Income (Expenses)	-1,000	-1,000	2,975	6,551	2,463	1,190
EBT Excluding Unusual Items	32,856	65,145	53,335	182,295	103,321	59,712
Impairment of Goodwill	-	-	-	-	-	-6,889
Gain (Loss) on Sale of Investments	527	503	308	91	-	228
Gain (Loss) on Sale of Assets	-1,406	-1,406	-4,149	-1,431	407	-1,816
Asset Writedown	-	-	-	-1,309	-2,544	-78
Other Unusual Items	-	-	-	1,454	-	-
Pretax Income	31,977	64,242	49,494	181,100	101,184	51,157
Income Tax Expense	10,545	19,154	14,647	49,168	29,975	22,792
Earnings From Continuing Operations	21,432	45,088	34,847	131,932	71,209	28,365
Minority Interest in Earnings	-	-	-	-	1,064	-912
Net Income	21,432	45,088	34,847	131,932	72,273	27,453
Net Income to Common	21,432	45,088	34,847	131,932	72,273	27,453
Net Income Growth	-32.22%	29.39%	-73.59%	82.55%	163.26%	-21.01%
Shares Outstanding (Basic)	24	24	24	24	24	24
Shares Outstanding (Diluted)	24	24	24	24	24	24
EPS (Basic)	893.00	1878.67	1451.96	5497.17	3011.38	1143.88
EPS (Diluted)	893.00	1878.67	1451.96	5497.17	3011.38	1143.88
EPS Growth	-32.22%	29.39%	-73.59%	82.55%	163.26%	-21.01%
Free Cash Flow	32,171	59,271	128,388	56,482	-42,593	55,192
Free Cash Flow Per Share	1340.46	2469.63	5349.50	2353.42	-1774.71	2299.67
Dividend Per Share	300.000	300.000	250.000	500.000	200.000	120.000
Dividend Growth	20.00%	20.00%	-50.00%	150.00%	66.67%	-20.00%
Gross Margin	14.88%	16.53%	14.56%	22.69%	22.18%	20.30%
Operating Margin	3.51%	5.87%	5.68%	13.92%	10.52%	8.42%
Profit Margin	2.03%	4.21%	3.38%	9.92%	7.24%	3.40%
Free Cash Flow Margin	3.05%	5.54%	12.46%	4.25%	-4.27%	6.83%
EBITDA	77,595	102,229	94,559	215,137	138,624	102,700
EBITDA Margin	7.36%	9.55%	9.18%	16.18%	13.89%	12.71%
D&A For EBITDA	40,571	39,415	36,090	30,021	33,659	34,690
EBIT	37,024	62,814	58,469	185,116	104,965	68,010
EBIT Margin	3.51%	5.87%	5.68%	13.92%	10.52%	8.42%
Effective Tax Rate	32.98%	29.82%	29.59%	27.15%	29.62%	44.55%

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