dhSteel Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,241	1,612	550.57	2,753	9,019	5,830
Short-Term Investments	-	-	-	-0	-0	-
Trading Asset Securities	-	-	48.77	-	-	-
Cash & Short-Term Investments	1,241	1,612	599.34	2,753	9,019	5,830
Cash Growth	-0.98%	168.89%	-78.23%	-69.47%	54.69%	-21.93%
Accounts Receivable	60,354	59,805	62,059	68,004	65,862	68,244
Other Receivables	613.56	805.53	469.92	461.78	637.69	1,246
Receivables	61,015	60,652	62,638	68,535	66,668	69,550
Inventory	46,048	48,622	54,748	48,608	49,635	55,184
Prepaid Expenses	260.89	55.65	119.84	3.36	35.26	36.37
Other Current Assets	2,045	1,597	747.8	744.58	10,071	1,003
Total Current Assets	110,610	112,538	118,854	120,644	135,428	131,603
Property, Plant & Equipment	53,326	54,643	57,830	56,822	71,680	74,049
Long-Term Investments	3,685	3,375	3,155	4,216	5,261	6,237
Goodwill	-	-	-	910.43	1,821	2,731
Other Intangible Assets	247.17	248.42	258.98	253.1	260.24	267.42
Long-Term Deferred Tax Assets	3,672	3,685	3,440	-	-	812.99
Other Long-Term Assets	237.32	185.11	1,032	18,477	3,333	3,274
Total Assets	172,131	175,036	184,902	201,687	217,963	219,299
Accounts Payable	38,822	39,477	39,270	37,993	36,412	47,534
Accrued Expenses	2,250	2,950	2,676	2,147	2,157	1,997
Short-Term Debt	48,291	65,144	64,023	70,580	65,217	43,335
Current Portion of Long-Term Debt	22,972	7,341	7,467	6,678	11,599	15,914
Current Portion of Leases	164.88	182.59	106.87	52.56	228.37	344.33
Current Income Taxes Payable	-	1.12	190.74	-	-	610.99
Current Unearned Revenue	121.39	77.13	122.1	99.41	55.6	198.71
Other Current Liabilities	5,826	5,657	6,579	7,765	8,551	5,607
Total Current Liabilities	118,447	120,830	120,435	125,315	124,219	115,541
Long-Term Debt	9,569	9,730	19,972	23,227	39,136	44,559
Long-Term Leases	117.7	144.1	50.24	0.8	91.23	319.97
Pension & Post-Retirement Benefits	3,591	3,092	1,524	-	-	-
Long-Term Deferred Tax Liabilities	-	-	-	384.01	447.8	-
Other Long-Term Liabilities	2,455	2,610	1,923	1,173	1,324	2,975
Total Liabilities	134,179	136,406	143,904	150,100	165,218	163,396
Common Stock	54,262	54,262	54,262	54,262	37,699	37,699
Additional Paid-In Capital	18,932	30,884	30,884	30,884	20,370	21,763
Retained Earnings	-29,245	-28,574	-26,452	-16,215	-11,608	-7,885
Treasury Stock	-10,138	-10,138	-10,138	-14,038	-1,407	-1,391
Comprehensive Income & Other	2,060	-9,892	-9,432	-5,427	118.2	67.47
Total Common Equity	35,871	36,542	39,123	49,465	45,173	50,254
Minority Interest	-40.02	-32.93	-246.31	-	5,451	3,528
Shareholders' Equity	37,952	38,630	40,998	51,587	52,745	55,903
Total Liabilities & Equity	172,131	175,036	184,902	201,687	217,963	219,299
Total Debt	81,114	82,543	91,619	100,539	116,271	104,473
Net Cash (Debt)	-79,872	-80,931	-91,020	-97,785	-107,252	-98,643
Net Cash Per Share	-	-4418.43	-7504.53	-8987.03	-7186.72	-5578.66
Filing Date Shares Outstanding	19.3	18.32	18.32	16.98	14.92	14.92
Total Common Shares Outstanding	19.3	18.32	18.32	16.98	14.92	14.92
Working Capital	-7,837	-8,292	-1,581	-4,671	11,209	16,062
Book Value Per Share	1858.34	1994.98	2135.93	2912.58	3027.73	3367.38
Tangible Book Value	35,623	36,293	38,864	48,302	43,092	47,255
Tangible Book Value Per Share	1845.53	1981.42	2121.79	2844.07	2888.25	3166.44
Land	23,119	23,119	23,119	23,119	32,331	32,331
Buildings	26,897	26,874	26,535	24,500	27,988	26,855
Machinery	52,483	53,380	51,999	48,012	52,272	53,349
Construction In Progress	472.84	509.44	488.34	1,349	1,460	1,153