SeAH Steel 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Operating Revenue	1,484,797	1,809,433	1,860,905
Other Revenue	-0	-	-
Revenue	1,484,797	1,809,433	1,860,905
Revenue Growth (YoY)	-17.94%	-2.77%	-
Cost of Revenue	1,341,465	1,511,049	1,543,468
Gross Profit	143,332	298,384	317,437
Selling, General & Admin	87,942	83,022	82,329
Operating Expenses	93,730	95,475	85,526
Operating Income	49,601	202,909	231,910
Interest Expense	-11,559	-7,888	-9,881
Interest & Investment Income	6,302	4,962	8,717
Earnings From Equity Investments	-6.3	-256.78	637.77
Currency Exchange Gain (Loss)	-3,075	11,064	-608.81
Other Non Operating Income (Expenses)	2,338	-1,413	3,082
EBT Excluding Unusual Items	43,601	209,377	233,857
Gain (Loss) on Sale of Investments	14,597	36,825	13,509
Gain (Loss) on Sale of Assets	466	707	-684
Asset Writedown	-	-	-3,979
Pretax Income	58,664	246,908	242,703
Income Tax Expense	28,665	109,846	53,869
Net Income	29,999	137,062	188,834
Net Income to Common	29,999	137,062	188,834
Net Income Growth	-78.11%	-27.42%	-
Shares Outstanding (Basic)	3	3	3
Shares Outstanding (Diluted)	3	3	3
Shares Change (YoY)	-0.00%	-	-
EPS (Basic)	10714.00	48949.01	67438.29
EPS (Diluted)	10714.00	48949.01	67438.29
EPS Growth	-78.11%	-27.42%	-
Free Cash Flow	-154,067	209,536	61,290
Free Cash Flow Per Share	-55023.86	74831.70	21888.47
Gross Margin	9.65%	16.49%	17.06%
Operating Margin	3.34%	11.21%	12.46%
Profit Margin	2.02%	7.58%	10.15%
Free Cash Flow Margin	-10.38%	11.58%	3.29%
EBITDA	84,842	233,971	262,578
EBITDA Margin	5.71%	12.93%	14.11%
D&A For EBITDA	35,240	31,062	30,668
EBIT	49,601	202,909	231,910
EBIT Margin	3.34%	11.21%	12.46%
Effective Tax Rate	48.86%	44.49%	22.20%

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