Sejin Heavy Industries 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	398,344	352,377	384,796	410,054	250,381	285,565
Other Revenue	-0	-	-0	-	-	-
Revenue	398,344	352,377	384,796	410,054	250,381	285,565
Revenue Growth (YoY)	13.27%	-8.43%	-6.16%	63.77%	-12.32%	-3.48%
Cost of Revenue	313,154	294,323	328,662	362,983	228,245	266,701
Gross Profit	85,189	58,054	56,134	47,070	22,135	18,864
Selling, General & Admin	21,486	19,443	20,770	21,042	17,510	16,828
Research & Development	73.76	178.28	213.87	38.33	70.93	90.32
Amortization of Goodwill & Intangibles	46.65	49.3	55.76	50.18	50.29	45.67
Other Operating Expenses	871.62	1,109	653.38	365.21	271.79	158.93
Operating Expenses	23,350	22,074	22,580	22,466	19,725	17,973
Operating Income	61,839	35,979	33,555	24,605	2,410	891.12
Interest Expense	-11,341	-11,946	-12,374	-8,708	-5,838	-5,559
Interest & Investment Income	3,411	2,925	1,571	1,304	258.59	963.28
Currency Exchange Gain (Loss)	3,255	924.97	2,043	594.16	1,543	-254.05
Other Non Operating Income (Expenses)	850.22	1,027	1,729	497.62	-10,396	-1,208
EBT Excluding Unusual Items	58,015	28,911	26,523	18,293	-12,023	-5,167
Gain (Loss) on Sale of Investments	1,195	129.76	-908.02	148.25	1,798	-279.82
Gain (Loss) on Sale of Assets	13.6	0.49	-77.85	1.53	33,769	10,961
Asset Writedown	-	-	288.47	-1,086	-	-
Pretax Income	59,231	29,047	25,826	17,357	23,544	5,515
Income Tax Expense	12,375	7,026	2,460	3,284	9,484	2,231
Earnings From Continuing Operations	46,856	22,021	23,366	14,073	14,060	3,284
Earnings From Discontinued Operations	-	-	-635.65	-715.04	-	-
Net Income to Company	46,856	22,021	22,730	13,358	14,060	3,284
Minority Interest in Earnings	-7,465	-10,671	-5,609	-1,744	2,320	-1,432
Net Income	39,391	11,351	17,122	11,614	16,380	1,852
Net Income to Common	39,391	11,351	17,122	11,614	16,380	1,852
Net Income Growth	1000.86%	-33.71%	47.43%	-29.10%	784.47%	-21.76%
Shares Outstanding (Basic)	57	57	55	55	55	56
Shares Outstanding (Diluted)	57	57	55	55	55	56
Shares Change (YoY)	1.00%	3.42%	0.01%	-0.47%	-0.98%	-2.02%
EPS (Basic)	692.89	199.93	311.88	211.57	297.00	33.25
EPS (Diluted)	692.55	199.93	311.88	211.57	297.00	33.25
EPS Growth	989.42%	-35.90%	47.41%	-28.76%	793.26%	-20.14%
Free Cash Flow	52,401	11,479	25,928	-15,833	-8,856	7,727
Free Cash Flow Per Share	921.74	202.18	472.29	-288.44	-160.58	138.72
Dividend Per Share	200.000	200.000	-	-	-	-
Gross Margin	21.39%	16.48%	14.59%	11.48%	8.84%	6.61%
Operating Margin	15.52%	10.21%	8.72%	6.00%	0.96%	0.31%
Profit Margin	9.89%	3.22%	4.45%	2.83%	6.54%	0.65%
Free Cash Flow Margin	13.15%	3.26%	6.74%	-3.86%	-3.54%	2.71%
EBITDA	72,597	44,339	43,153	32,645	10,797	9,951
EBITDA Margin	18.22%	12.58%	11.21%	7.96%	4.31%	3.48%
D&A For EBITDA	10,758	8,359	9,599	8,040	8,387	9,060
EBIT	61,839	35,979	33,555	24,605	2,410	891.12
EBIT Margin	15.52%	10.21%	8.72%	6.00%	0.96%	0.31%
Effective Tax Rate	20.89%	24.19%	9.53%	18.92%	40.28%	40.45%
Advertising Expenses	-	107.19	245.18	229.9	99.24	53.8

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