Shindaeyang Paper Income Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	638,749	639,529	658,502	645,360	676,402	681,566
Other Revenue	0	-	-0	-	-	-0
Revenue	638,749	639,529	658,502	645,360	676,402	681,566
Revenue Growth	-3.13%	-2.88%	2.04%	-4.59%	-0.76%	11.88%
Cost of Revenue	540,672	540,360	554,393	514,947	556,325	556,804
Gross Profit	98,077	99,169	104,110	130,413	120,077	124,762
Selling, General & Admin	75,684	74,767	72,434	69,609	66,829	68,304
Amortization of Goodwill & Intangibles	0.1	0.1	92.16	368.34	368.34	368.34
Other Operating Expenses	799.29	757.83	740.62	687.85	853.99	896.05
Operating Expenses	77,492	76,467	75,357	71,944	69,396	69,914
Operating Income	20,586	22,702	28,753	58,469	50,681	54,848
Interest Expense	-3,193	-3,103	-3,391	-4,675	-3,859	-2,272
Interest & Investment Income	5,968	5,739	8,458	7,339	3,461	1,579
Earnings From Equity Investments	-437.68	-242.64	17.16	385.73	885.78	627.63
Currency Exchange Gain (Loss)	5,404	-1,672	9,029	-1,901	4,244	3,568
Other Non Operating Income (Expenses)	9,244	9,054	6,344	6,187	6,474	7,868
EBT Excluding Unusual Items	37,570	32,477	49,210	65,805	61,887	66,217
Gain (Loss) on Sale of Investments	-870.72	721.12	-313.84	788.83	-840.01	1,567
Gain (Loss) on Sale of Assets	-2,500	-2,299	-56.92	594.48	662.96	223.77
Asset Writedown	-	-	-1,845	-	-	-3,348
Pretax Income	34,199	30,899	46,994	67,188	61,710	78,473
Income Tax Expense	10,514	8,627	13,730	15,937	10,429	18,038
Earnings From Continuing Operations	23,685	22,272	33,264	51,252	51,281	60,435
Net Income to Company	23,685	22,272	33,264	51,252	51,281	60,435
Minority Interest in Earnings	1,279	518.49	1,864	-3,391	-3,700	-6,321
Net Income	24,964	22,791	35,129	47,860	47,581	54,114
Net Income to Common	24,964	22,791	35,129	47,860	47,581	54,114
Net Income Growth	-14.58%	-35.12%	-26.60%	0.59%	-12.07%	27.54%
Shares Outstanding (Basic)	30	30	31	35	36	37
Shares Outstanding (Diluted)	30	30	31	35	36	37
Shares Change	-3.22%	-5.16%	-11.39%	-2.39%	-2.39%	-6.73%
EPS (Basic)	844.68	770.29	1126.00	1359.38	1319.16	1464.40
EPS (Diluted)	844.68	770.29	1126.00	1359.38	1319.16	1464.40
EPS Growth	-11.74%	-31.59%	-17.17%	3.05%	-9.92%	36.73%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Free Cash Flow	26,146	10,377	15,832	60,779	41,882	4,014
Free Cash Flow Per Share	884.68	350.73	507.48	1726.32	1161.14	108.62
Gross Margin	15.35%	15.51%	15.81%	20.21%	17.75%	18.30%
Operating Margin	3.22%	3.55%	4.37%	9.06%	7.49%	8.05%
Profit Margin	3.91%	3.56%	5.33%	7.42%	7.03%	7.94%
Free Cash Flow Margin	4.09%	1.62%	2.40%	9.42%	6.19%	0.59%
EBITDA	47,222	49,440	58,843	89,713	77,929	81,312
EBITDA Margin	7.39%	7.73%	8.94%	13.90%	11.52%	11.93%
D&A For EBITDA	26,636	26,738	30,090	31,243	27,248	26,464
EBIT	20,586	22,702	28,753	58,469	50,681	54,848
EBIT Margin	3.22%	3.55%	4.37%	9.06%	7.49%	8.05%
Effective Tax Rate	30.74%	27.92%	29.22%	23.72%	16.90%	22.99%
Advertising Expenses	-	128.49	137.68	185.51	160.55	175.78