Sangsin Brake 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
Operating Revenue	563,841	578,555	575,491	489,015	397,023	349,042
Other Revenue	-0	-0	-	-0	-	-
Revenue	563,841	578,555	575,491	489,015	397,023	349,042
Revenue Growth (YoY)	-4.65%	0.53%	17.68%	23.17%	13.75%	-10.94%
Cost of Revenue	469,505	465,722	464,914	391,274	314,751	278,085
Gross Profit	94,335	112,833	110,577	97,741	82,272	70,956
Selling, General & Admin	66,324	65,113	58,839	60,715	47,568	41,933
Research & Development	20,063	19,194	16,722	16,339	14,834	14,164
Amortization of Goodwill & Intangibles	534.88	538.9	596.6	718.77	755.97	848.72
Other Operating Expenses	1,403	1,429	1,304	1,321	1,488	1,241
Operating Expenses	95,284	92,187	83,032	83,660	70,070	63,099
Operating Income	-948.52	20,646	27,544	14,081	12,202	7,858
Interest Expense	-10,990	-12,705	-13,624	-8,283	-5,033	-5,788
Interest & Investment Income	849.76	753.46	520.3	359.75	250.82	333.85
Earnings From Equity Investments	6.88	40.93	32.69	23.64	20.64	24.86
Currency Exchange Gain (Loss)	4,729	12,263	1,657	-2,035	4,926	-2,925
Other Non Operating Income (Expenses)	2,713	3,716	1,638	2,552	2,325	2,601
EBT Excluding Unusual Items	-3,641	24,715	17,768	6,698	14,692	2,105
Gain (Loss) on Sale of Assets	28.07	-71.49	47.43	118.58	81.71	13.92
Asset Writedown	-350	-	-	-	-	-
Pretax Income	-3,963	24,643	17,816	6,816	14,774	2,119
Income Tax Expense	4,202	7,255	3,642	5,952	4,398	4,442
Earnings From Continuing Operations	-8,165	17,389	14,174	864.46	10,375	-2,323
Minority Interest in Earnings	752.96	-1,124	-114.72	-146.78	-583.3	-339.09
Net Income	-7,412	16,265	14,059	717.69	9,792	-2,662
Net Income to Common	-7,412	16,265	14,059	717.69	9,792	-2,662
Net Income Growth	-	15.69%	1858.99%	-92.67%	-	-
Shares Outstanding (Basic)	19	19	19	19	19	19
Shares Outstanding (Diluted)	19	19	19	19	19	19
Shares Change (YoY)	-0.08%	-	-	-	-	-
EPS (Basic)	-382.98	840.12	726.20	37.07	505.77	-137.48
EPS (Diluted)	-382.98	840.12	726.20	37.07	505.77	-137.48
EPS Growth	-	15.69%	1858.99%	-92.67%	-	-
Free Cash Flow	18,951	15,487	2,006	-35,408	-3,393	1,031
Free Cash Flow Per Share	979.25	799.94	103.62	-1828.91	-175.25	53.24
Dividend Per Share	100.000	100.000	-	-	-	50.000
Dividend Growth	-	-	-	-	-	-50.00%
Gross Margin	16.73%	19.50%	19.21%	19.99%	20.72%	20.33%
Operating Margin	-0.17%	3.57%	4.79%	2.88%	3.07%	2.25%
Profit Margin	-1.31%	2.81%	2.44%	0.15%	2.47%	-0.76%
Free Cash Flow Margin	3.36%	2.68%	0.35%	-7.24%	-0.85%	0.29%
EBITDA	20,740	43,216	52,111	37,517	33,846	29,798
EBITDA Margin	3.68%	7.47%	9.05%	7.67%	8.53%	8.54%
D&A For EBITDA	21,688	22,569	24,567	23,436	21,644	21,940
EBIT	-948.52	20,646	27,544	14,081	12,202	7,858
EBIT Margin	-0.17%	3.57%	4.79%	2.88%	3.07%	2.25%
Effective Tax Rate	-	29.44%	20.44%	87.32%	29.77%	209.61%
Advertising Expenses	-	2,576	2,016	1,729	1,223	1,296

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.