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 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	391,433	402,686	352,377	384,796	410,054	250,381
Other Revenue	-0	-0	-	-0	-	-
Revenue	391,433	402,686	352,377	384,796	410,054	250,381
Revenue Growth (YoY)	7.30%	14.28%	-8.43%	-6.16%	63.77%	-12.32%
Cost of Revenue	298,512	305,276	294,323	328,662	362,983	228,245
Gross Profit	92,921	97,410	58,054	56,134	47,070	22,135
Selling, General & Admin	21,856	22,197	19,443	20,770	21,042	17,510
Research & Development	32.34	16.9	178.28	213.87	38.33	70.93
Amortization of Goodwill & Intangibles	37.82	46.62	49.3	55.76	50.18	50.29
Other Operating Expenses	924.54	919.73	1,109	653.38	365.21	271.79
Operating Expenses	23,695	24,022	22,074	22,580	22,466	19,725
Operating Income	69,227	73,389	35,979	33,555	24,605	2,410
Interest Expense	-10,184	-10,836	-11,946	-12,374	-8,708	-5,838
Interest & Investment Income	5,708	4,488	2,925	1,571	1,304	258.59
Currency Exchange Gain (Loss)	4,140	2,398	924.97	2,043	594.16	1,543
Other Non Operating Income (Expenses)	758.96	951.25	1,027	1,729	497.62	-10,396
EBT Excluding Unusual Items	69,650	70,389	28,911	26,523	18,293	-12,023
Gain (Loss) on Sale of Investments	6,881	2,997	129.76	-908.02	148.25	1,798
Gain (Loss) on Sale of Assets	19.19	19.19	0.49	-77.85	1.53	33,769
Asset Writedown	-	-	-	288.47	-1,086	-
Pretax Income	76,581	73,436	29,047	25,826	17,357	23,544
Income Tax Expense	14,134	13,592	7,026	2,460	3,284	9,484
Earnings From Continuing Operations	62,448	59,844	22,021	23,366	14,073	14,060
Earnings From Discontinued Operations	-	-	-	-635.65	-715.04	-
Net Income to Company	62,448	59,844	22,021	22,730	13,358	14,060
Minority Interest in Earnings	-10,663	-9,164	-10,671	-5,609	-1,744	2,320
Net Income	51,784	50,681	11,351	17,122	11,614	16,380
Net Income to Common	51,784	50,681	11,351	17,122	11,614	16,380
Net Income Growth	137.86%	346.50%	-33.71%	47.43%	-29.10%	784.47%
Shares Outstanding (Basic)	57	57	57	55	55	55
Shares Outstanding (Diluted)	57	57	57	55	55	55
Shares Change (YoY)	0.06%	0.13%	3.42%	0.01%	-0.47%	-0.98%
EPS (Basic)	910.50	891.49	199.93	311.88	211.57	297.00
EPS (Diluted)	910.50	891.49	199.93	311.88	211.57	297.00
EPS Growth	137.73%	345.91%	-35.90%	47.41%	-28.76%	793.26%
Free Cash Flow	75,578	48,060	11,479	25,928	-15,833	-8,856
Free Cash Flow Per Share	1328.84	845.38	202.18	472.29	-288.44	-160.58
Gross Margin	23.74%	24.19%	16.48%	14.59%	11.48%	8.84%
Operating Margin	17.69%	18.22%	10.21%	8.72%	6.00%	0.96%
Profit Margin	13.23%	12.59%	3.22%	4.45%	2.83%	6.54%
Free Cash Flow Margin	19.31%	11.94%	3.26%	6.74%	-3.86%	-3.54%
EBITDA	81,420	85,348	44,339	43,153	32,645	10,797
EBITDA Margin	20.80%	21.20%	12.58%	11.21%	7.96%	4.31%
D&A For EBITDA	12,194	11,960	8,359	9,599	8,040	8,387
EBIT	69,227	73,389	35,979	33,555	24,605	2,410
EBIT Margin	17.69%	18.22%	10.21%	8.72%	6.00%	0.96%
Effective Tax Rate	18.46%	18.51%	24.19%	9.53%	18.92%	40.28%
Advertising Expenses	-	354.75	107.19	245.18	229.9	99.24

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