Fine besteel. 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Other Revenue	-0	-	0	-
Revenue	186,171	119,172	132,198	139,604
Revenue Growth (YoY)	56.22%	-9.85%	-5.30%	-
Cost of Revenue	180,172	132,707	135,914	132,555
Gross Profit	5,999	-13,536	-3,716	7,049
Selling, General & Admin	10,416	8,819	8,459	5,780
Research & Development	136.23	839.51	-	-
Amortization of Goodwill & Intangibles	689.85	688.71	343.85	-
Other Operating Expenses	276.51	206.5	210.53	182.19
Operating Expenses	7,669	5,653	16,060	6,330
Operating Income	-1,671	-19,188	-19,777	719.07
Interest Expense	-6,788	-7,245	-6,424	-4,412
Interest & Investment Income	29.95	141.78	106.48	22.27
Currency Exchange Gain (Loss)	0.06	-10.82	166.81	-137.97
Other Non Operating Income (Expenses)	2,657	-1,571	6,220	974.23
EBT Excluding Unusual Items	-5,771	-27,873	-19,707	-2,834
Gain (Loss) on Sale of Investments	28.65	9.93	7.4	-
Gain (Loss) on Sale of Assets	4,368	-16.37	0.13	0.05
Asset Writedown	-2,065	-1,753	-	-
Pretax Income	-3,440	-29,633	-19,700	-2,834
Income Tax Expense	2,667	-135.6	-1,671	-234.95
Earnings From Continuing Operations	-6,106	-29,497	-18,028	-2,599
Minority Interest in Earnings	993.81	1,995	792.29	-
Net Income	-5,113	-27,502	-17,236	-2,599
Net Income to Common	-5,113	-27,502	-17,236	-2,599
Shares Outstanding (Basic)	32	31	30	30
Shares Outstanding (Diluted)	32	31	30	30
Shares Change (YoY)	5.66%	2.53%	0.59%	-
EPS (Basic)	-158.00	-898.00	-577.06	-87.52
EPS (Diluted)	-158.00	-898.00	-577.06	-88.00
Free Cash Flow	-6,222	4,835	-12,960	4,817
Free Cash Flow Per Share	-192.29	157.87	-433.90	162.22
Gross Margin	3.22%	-11.36%	-2.81%	5.05%
Operating Margin	-0.90%	-16.10%	-14.96%	0.52%
Profit Margin	-2.75%	-23.08%	-13.04%	-1.86%
Free Cash Flow Margin	-3.34%	4.06%	-9.80%	3.45%
EBITDA	6,845	-10,159	-11,142	8,569
EBITDA Margin	3.68%	-8.52%	-8.43%	6.14%
D&A For EBITDA	8,515	9,029	8,634	7,850
EBIT	-1,671	-19,188	-19,777	719.07
EBIT Margin	-0.90%	-16.10%	-14.96%	0.52%

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