Hanil Feed Balance Sheet

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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	35,230	27,102	24,913	19,256	12,432
Short-Term Investments	12,322	15,406	53,874	5,047	1,490
Trading Asset Securities	3,101	3,207	-	-	-
Cash & Short-Term Investments	50,653	45,715	78,787	24,303	13,922
Cash Growth	10.80%	-41.98%	224.19%	74.56%	-11.75%
Accounts Receivable	18,176	20,958	20,324	20,119	16,898
Other Receivables	1,211	1,176	1,460	1,024	1,378
Receivables	20,087	23,336	22,266	21,493	18,381
Inventory	52,261	57,167	67,238	73,466	73,030
Prepaid Expenses	223.35	232.45	48.81	51.54	55.43
Other Current Assets	746.53	447.29	1,024	435.23	672.48
Total Current Assets	123,970	126,897	169,363	119,748	106,060
Property, Plant & Equipment	41,043	40,726	33,225	61,046	59,712
Long-Term Investments	37,869	35,835	35,141	3,201	5,959
Goodwill	63	63	-	-	-
Other Intangible Assets	53.13	44.22	45.96	289.31	288.03
Long-Term Deferred Tax Assets	1,258	2,036	-	-	-
Other Long-Term Assets	3,048	2,382	2,507	3,047	2,083
Total Assets	209,429	209,617	241,516	187,889	175,091
Accounts Payable	8,854	9,194	17,152	11,982	17,340
Accrued Expenses	-	-	1,646	1,549	1,690
Short-Term Debt	21,535	20,360	48,055	104,884	68,334
Current Portion of Long-Term Debt	83.72	1,500	2,038	1,500	500
Current Portion of Leases	566.12	547.8	702.4	1,021	534.82
Current Income Taxes Payable	-	-	2,539	220.01	1,304
Other Current Liabilities	6,278	6,045	4,671	4,551	5,351
Total Current Liabilities	37,318	37,647	76,804	125,705	95,055
Long-Term Debt	5,482	9,046	3,710	3,644	2,835
Long-Term Leases	736.01	966.81	373.24	1,069	525.9
Pension & Post-Retirement Benefits	-	-	-	-	946.01
Long-Term Deferred Tax Liabilities	-	-	2,551	1,600	6,113
Other Long-Term Liabilities	1,217	1,218	1,298	1,302	204.83
Total Liabilities	44,754	48,878	84,737	133,320	105,680
Common Stock	19,702	19,702	19,702	19,702	19,702
Additional Paid-In Capital	20,809	20,809	20,809	20,809	20,809
Retained Earnings	123,384	117,655	113,728	13,267	28,151
Comprehensive Income & Other	-3	1,876	1,824	248.08	314.49
Total Common Equity	163,892	160,042	156,063	54,026	68,976
Minority Interest	783.28	697.69	716.09	542.44	434.81
Shareholders' Equity	164,675	160,739	156,779	54,568	69,411
Total Liabilities & Equity	209,429	209,617	241,516	187,889	175,091
Total Debt	28,404	32,421	54,879	112,117	72,730
Net Cash (Debt)	22,249	13,294	23,908	-87,815	-58,808
Net Cash Growth	67.37%	-44.40%	-	-	-
Net Cash Per Share	565.23	337.50	606.74	-2228.59	-1492.45
Filing Date Shares Outstanding	39.24	39.4	39.4	39.4	39.4
Total Common Shares Outstanding	39.24	39.4	39.4	39.4	39.4
Working Capital	86,652	89,250	92,560	-5,957	11,005
Book Value Per Share	4176.39	4061.59	3960.62	1371.09	1750.51
Tangible Book Value	163,776	159,934	156,017	53,737	68,688
Tangible Book Value Per Share	4173.43	4058.87	3959.46	1363.75	1743.20
Land	21,417	21,310	15,600	43,647	43,647
Buildings	17,424	16,912	16,379	13,029	18,859
Machinery	12,620	11,730	17,869	18,367	18,241
Construction In Progress	749.82	252.08	559.91	3,588	1,528

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