SAMWONSTEEL 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	359,287	343,559	359,058	364,111	299,953
Other Revenue	-0	-	-	-0	-0
Revenue	359,287	343,559	359,058	364,111	299,953
Revenue Growth (YoY)	4.58%	-4.32%	-1.39%	21.39%	21.94%
Cost of Revenue	335,627	318,615	330,135	334,432	279,250
Gross Profit	23,660	24,944	28,923	29,679	20,703
Selling, General & Admin	13,247	12,910	11,973	12,578	10,949
Other Operating Expenses	96.78	59.14	74.73	47.75	44.04
Operating Expenses	13,781	13,188	12,418	13,147	11,153
Operating Income	9,879	11,756	16,505	16,533	9,549
Interest Expense	-0.18	-4.25	-2.11	-15.94	-4.87
Interest & Investment Income	2,342	2,349	1,961	867.55	847.89
Earnings From Equity Investments	-990.11	-2,383	94.9	-1,806	-693.37
Currency Exchange Gain (Loss)	-470.11	798.07	-54.99	-1,074	663.53
Other Non Operating Income (Expenses)	2,597	2,825	2,990	2,526	1,393
EBT Excluding Unusual Items	13,358	15,342	21,493	17,030	11,755
Gain (Loss) on Sale of Assets	90.42	-93.1	147.45	-50.65	45.91
Pretax Income	13,448	15,249	21,641	16,979	11,801
Income Tax Expense	2,746	2,006	5,032	3,966	2,997
Net Income	10,702	13,243	16,609	13,013	8,804
Net Income to Common	10,702	13,243	16,609	13,013	8,804
Net Income Growth	-19.19%	-20.27%	27.63%	47.81%	8.43%
Shares Outstanding (Basic)	-	40	40	40	40
Shares Outstanding (Diluted)	-	40	40	40	40
Shares Change (YoY)	-	-	-	-	-0.05%
EPS (Basic)	-	333.24	417.94	327.46	221.54
EPS (Diluted)	-	333.24	417.94	327.46	221.54
EPS Growth	-	-20.27%	27.63%	47.81%	8.49%
Free Cash Flow	15,492	11,986	14,495	-5,252	-492.18
Free Cash Flow Per Share	-	301.62	364.76	-132.17	-12.38
Gross Margin	6.59%	7.26%	8.05%	8.15%	6.90%
Operating Margin	2.75%	3.42%	4.60%	4.54%	3.18%
Profit Margin	2.98%	3.85%	4.63%	3.57%	2.94%
Free Cash Flow Margin	4.31%	3.49%	4.04%	-1.44%	-0.16%
EBITDA	16,517	18,720	23,480	23,089	16,100
EBITDA Margin	4.60%	5.45%	6.54%	6.34%	5.37%
D&A For EBITDA	6,637	6,964	6,975	6,557	6,550
EBIT	9,879	11,756	16,505	16,533	9,549
EBIT Margin	2.75%	3.42%	4.60%	4.54%	3.18%
Effective Tax Rate	20.42%	13.15%	23.25%	23.36%	25.40%
Advertising Expenses	1.82	22.39	107.85	2.2	16.92

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