Shinhan Alpha REIT Co., Ltd. (293940.KS) Financial Statements

Income statement

Metric	TTM	2025	2024	2024	2023
Revenue
Total Revenue	139.5B	82.9B	58.3B	53.4B	50.5B
Cost of Revenue	7.4B	—	—	—	31.7B
Gross Profit	132.1B	82.9B	58.3B	53.4B	18.8B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	27.4B	16.2B	12.1B	13.2B	11.8B
General & Admin Expense	24.5B	14.3B	10.9B	12.2B	10.6B
Selling & Marketing Expense	2.8B	1.9B	1.2B	1.1B	1.2B
Other Expenses	20.2B	15.5B	12.4B	8.0B	16.1M
Total Operating Expenses	51.4B	31.8B	24.5B	21.2B	20.0B
Cost and Expenses	51.4B	31.8B	24.5B	21.2B	20.0B
Operating Income (EBIT)	88.1B	51.1B	33.8B	32.2B	30.5B
Non-Operating
Interest Income	2.7B	1.4B	1.5B	1.6B	1.0B
Interest Expense	68.8B	41.3B	30.5B	24.8B	20.7B
Net Interest Income	(66.2B)	(39.9B)	(29.0B)	(23.2B)	(17.1B)
Other Non-Op Income/Expense	(65.6B)	(39.8B)	(29.1B)	(22.9B)	(10.1B)
Non-Operating Income (excl Interest)	(3.2B)	(1.5B)	(1.3B)	(2.0B)	(1.1B)
EBT (Pre-Tax Income)	22.5B	11.3B	4.7B	9.3B	10.9B
Income Tax Expense	361.6M	—	—	—	2.6B
Bottom Line
Net Income	16.8B	6.8B	3.1B	8.0B	9.4B
Earnings from Cont. Ops	22.5B	11.3B	4.7B	9.3B	10.1B
Earnings from Discont. Ops	382.8M	—	—	235.0M	—
Bottom Line Net Income	16.8B	6.8B	3.1B	8.0B	9.4B
Per Share
Basic EPS	₩146	₩42	₩35	₩72	₩149
Diluted EPS	₩146	₩42	₩35	₩71	₩149
Revenue Per Share	₩868	₩515	₩653	₩481	₩684
Shares
Basic Shares Outstanding	160.8M	160.8M	89.2M	111.1M	73.8M
Diluted Shares Outstanding	160.8M	160.8M	89.2M	112.6M	73.8M
Profitability Metrics
EBITDA	106.0B	60.9B	41.7B	40.3B	34.8B
D&A	14.7B	8.3B	6.6B	6.2B	44.1B
EBIT	91.3B	52.6B	35.1B	34.1B	28.2B

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2025