Sangsin Brake 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	542,261	578,555	575,491	489,015	397,023
Other Revenue	-0	-0	-	-0	-
Revenue	542,261	578,555	575,491	489,015	397,023
Revenue Growth (YoY)	-6.27%	0.53%	17.68%	23.17%	13.75%
Cost of Revenue	446,696	465,722	464,914	391,274	314,751
Gross Profit	95,565	112,833	110,577	97,741	82,272
Selling, General & Admin	68,824	65,113	58,839	60,715	47,568
Research & Development	18,934	19,194	16,722	16,339	14,834
Amortization of Goodwill & Intangibles	515.57	538.9	596.6	718.77	755.97
Other Operating Expenses	2,132	1,429	1,304	1,321	1,488
Operating Expenses	96,923	92,187	83,032	83,660	70,070
Operating Income	-1,358	20,646	27,544	14,081	12,202
Interest Expense	-10,514	-12,705	-13,624	-8,283	-5,033
Interest & Investment Income	629.22	753.46	520.3	359.75	250.82
Earnings From Equity Investments	-12.65	40.93	32.69	23.64	20.64
Currency Exchange Gain (Loss)	-3,330	12,263	1,657	-2,035	4,926
Other Non Operating Income (Expenses)	3,471	3,716	1,638	2,552	2,325
EBT Excluding Unusual Items	-11,115	24,715	17,768	6,698	14,692
Gain (Loss) on Sale of Assets	-266.83	-71.49	47.43	118.58	81.71
Pretax Income	-11,382	24,643	17,816	6,816	14,774
Income Tax Expense	639.29	7,255	3,642	5,952	4,398
Earnings From Continuing Operations	-12,021	17,389	14,174	864.46	10,375
Minority Interest in Earnings	116.66	-1,124	-114.72	-146.78	-583.3
Net Income	-11,904	16,265	14,059	717.69	9,792
Net Income to Common	-11,904	16,265	14,059	717.69	9,792
Net Income Growth	-	15.69%	1858.99%	-92.67%	-
Shares Outstanding (Basic)	19	19	19	19	19
Shares Outstanding (Diluted)	19	19	19	19	19
Shares Change (YoY)	-0.03%	0.01%	-	-	-
EPS (Basic)	-615.00	840.00	726.20	37.07	505.77
EPS (Diluted)	-615.00	840.00	726.20	37.07	505.77
EPS Growth	-	15.67%	1858.99%	-92.67%	-
Free Cash Flow	26,073	15,487	2,006	-35,408	-3,393
Free Cash Flow Per Share	1346.95	799.82	103.62	-1828.91	-175.25
Gross Margin	17.62%	19.50%	19.21%	19.99%	20.72%
Operating Margin	-0.25%	3.57%	4.79%	2.88%	3.07%
Profit Margin	-2.20%	2.81%	2.44%	0.15%	2.47%
Free Cash Flow Margin	4.81%	2.68%	0.35%	-7.24%	-0.85%
EBITDA	21,043	43,216	52,111	37,517	33,846
EBITDA Margin	3.88%	7.47%	9.05%	7.67%	8.53%
D&A For EBITDA	22,402	22,569	24,567	23,436	21,644
EBIT	-1,358	20,646	27,544	14,081	12,202
EBIT Margin	-0.25%	3.57%	4.79%	2.88%	3.07%
Effective Tax Rate	-	29.44%	20.44%	87.32%	29.77%
Advertising Expenses	2,605	2,576	2,016	1,729	1,223

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.