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

Income statement

Metric	TTM	2025	2024	2024	2023
Revenue
Total Revenue	141.3B	82.9B	58.3B	53.4B	50.5B
Cost of Revenue	7.9B	—	—	—	31.7B
Gross Profit	133.4B	82.9B	58.3B	53.4B	18.8B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	27.6B	16.2B	12.1B	13.2B	11.8B
General & Admin Expense	24.7B	14.3B	10.9B	12.2B	10.6B
Selling & Marketing Expense	2.9B	1.9B	1.2B	1.1B	1.2B
Other Expenses	28.4B	15.5B	12.4B	8.0B	16.1M
Total Operating Expenses	56.1B	31.8B	24.5B	21.2B	20.0B
Cost and Expenses	56.1B	31.8B	24.5B	21.2B	20.0B
Operating Income (EBIT)	85.3B	51.1B	33.8B	32.2B	30.5B
Non-Operating
Interest Income	3.0B	1.4B	1.5B	1.6B	1.0B
Interest Expense	71.1B	41.3B	30.5B	24.8B	20.7B
Net Interest Income	(68.1B)	(39.9B)	(29.0B)	(23.2B)	(17.1B)
Other Non-Op Income/Expense	(67.7B)	(39.8B)	(29.1B)	(22.9B)	(10.1B)
Non-Operating Income (excl Interest)	(2.4B)	(1.5B)	(1.3B)	(2.0B)	(1.1B)
EBT (Pre-Tax Income)	17.6B	11.3B	4.7B	9.3B	10.9B
Income Tax Expense	—	—	—	—	2.6B
Bottom Line
Net Income	11.5B	6.8B	3.1B	8.0B	9.4B
Earnings from Cont. Ops	17.6B	11.3B	4.7B	9.3B	10.1B
Earnings from Discont. Ops	(875.00)	—	—	235.0M	—
Bottom Line Net Income	11.5B	6.8B	3.1B	8.0B	9.4B
Per Share
Basic EPS	₩95	₩42	₩35	₩72	₩149
Diluted EPS	₩95	₩42	₩35	₩71	₩149
Revenue Per Share	₩879	₩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	102.5B	61.0B	41.7B	40.3B	41.3B
D&A	14.9B	8.4B	6.6B	6.2B	13.1B
EBIT	87.6B	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