Shinhan Seobu T&D REIT Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023
Revenue	58,854	53,890	36,112	35,061	32,946
Revenue Growth (YoY)	9.21%	49.23%	3.00%	6.42%	10.26%
Cost of Revenue	10,697	255.01	-	1.8	-
Gross Profit	48,157	53,635	36,112	35,059	32,946
Selling, General & Admin	2,137	5,723	2,436	2,050	2,419
Other Operating Expenses	489.54	5,662	1,199	3,426	738.31
Operating Expenses	8,223	22,073	12,275	14,117	11,654
Operating Income	39,934	31,562	23,837	20,943	21,291
Interest Expense	-18,203	-33,657	-18,855	-18,103	-11,766
Interest & Investment Income	375.36	907.96	921	955.87	1,102
Earnings From Equity Investments	-	-	436.79	-2,793	-
Other Non Operating Income (Expenses)	-16,364	0.14	5,835	2,003	-0
EBT Excluding Unusual Items	5,742	-1,187	12,175	3,005	10,627
Gain (Loss) on Sale of Investments	-	-	8,368	-	-
Pretax Income	5,742	-1,187	20,542	3,005	10,627
Earnings From Continuing Operations	5,742	-1,187	20,542	3,005	10,627
Earnings From Discontinued Operations	-	-	-	-5,241	-
Net Income to Company	5,742	-1,187	20,542	-2,236	10,627
Minority Interest in Earnings	-3,965	-6,154	-	-	-
Net Income	1,778	-7,340	20,542	-2,236	10,627
Net Income to Common	1,778	-7,340	20,542	-2,236	10,627
Net Income Growth	-	-	-	-	17.98%
Shares Outstanding (Basic)	57	56	56	56	56
Shares Outstanding (Diluted)	57	56	56	56	56
Shares Change (YoY)	2.50%	0.07%	-	-	-0.60%
EPS (Basic)	30.98	-131.10	367.12	-39.95	189.91
EPS (Diluted)	30.98	-132.00	367.12	-39.95	189.91
EPS Growth	-	-	-	-	18.69%
Free Cash Flow	34,691	-297,532	18,137	-601,491	-93,967
Free Cash Flow Per Share	604.48	-5313.80	324.13	-10749.38	-1679.31
Dividend Per Share	-	260.000	496.000	236.000	580.000
Dividend Growth	-	-47.58%	110.17%	-59.31%	-
Gross Margin	81.83%	99.53%	100.00%	100.00%	100.00%
Operating Margin	67.85%	58.57%	66.01%	59.73%	64.63%
Profit Margin	3.02%	-13.62%	56.88%	-6.38%	32.26%
Free Cash Flow Margin	58.94%	-552.12%	50.22%	-1715.56%	-285.22%
EBITDA	51,128	42,249	32,477	29,583	29,788
EBITDA Margin	86.87%	78.40%	89.93%	84.38%	90.42%
D&A For EBITDA	11,194	10,688	8,640	8,640	8,497
EBIT	39,934	31,562	23,837	20,943	21,291
EBIT Margin	67.85%	58.57%	66.01%	59.73%	64.63%

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