HIGEN Motor Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	8,586	10,206	17,712	14,791	23,509	27,983
Short-Term Investments	5,000	19,072	8,000	10,000	-	-
Trading Asset Securities	3,976	3,976	-	-	-	-
Cash & Short-Term Investments	17,563	33,254	25,712	24,791	23,509	27,983
Cash Growth	-51.16%	29.33%	3.72%	5.45%	-15.99%	14.93%
Accounts Receivable	10,975	11,630	8,982	10,967	13,037	10,021
Other Receivables	122.73	304.74	188.12	470.21	209.02	329.32
Receivables	11,098	11,935	9,170	11,437	13,247	10,350
Inventory	19,710	16,671	15,292	16,186	18,194	10,014
Prepaid Expenses	553.36	58.73	60.67	63.88	78.33	61.2
Other Current Assets	1,558	894.73	603.18	1,566	1,305	1,368
Total Current Assets	50,483	62,814	50,838	54,044	56,333	49,776
Property, Plant & Equipment	29,619	26,785	26,982	27,337	28,282	28,924
Long-Term Investments	1,458	344.56	243.47	223.92	348.96	442.69
Goodwill	28,486	28,486	28,486	28,486	28,486	28,486
Other Intangible Assets	1,275	1,323	638.88	634.24	639.66	281.81
Long-Term Accounts Receivable	3.96	45.77	-	-	-	-
Long-Term Deferred Charges	161.48	-	-	-	-	-
Other Long-Term Assets	397.35	386.3	331.41	291.45	287.87	277.21
Total Assets	111,884	120,185	107,521	111,017	114,378	108,188
Accounts Payable	7,228	6,845	5,858	7,060	10,456	5,605
Accrued Expenses	2,990	3,770	3,446	2,003	1,253	1,231
Short-Term Debt	6,000	8,000	8,000	32,000	23,000	23,000
Current Portion of Long-Term Debt	6,200	16,000	6,500	6,408	20,830	1,830
Current Portion of Leases	237.03	301.14	276.29	159.91	132.82	128.63
Current Income Taxes Payable	-	-	-	50.23	-	-
Other Current Liabilities	2,884	1,457	2,567	4,874	4,936	3,869
Total Current Liabilities	25,539	36,373	26,648	52,554	60,608	35,665
Long-Term Debt	14,950	5,000	25,500	6,250	5,408	26,238
Long-Term Leases	78.16	195.63	230.99	131.05	39.78	108.14
Pension & Post-Retirement Benefits	7,634	7,756	6,529	6,752	7,145	7,388
Long-Term Deferred Tax Liabilities	1,362	1,380	1,943	1,953	2,043	1,472
Other Long-Term Liabilities	495.49	1,106	638.77	51.3	51.3	51.3
Total Liabilities	50,059	51,811	61,489	67,691	75,295	70,922
Common Stock	15,444	15,444	13,693	29,500	29,500	29,500
Additional Paid-In Capital	24,483	24,483	2,867	2,867	2,867	2,867
Retained Earnings	34,024	40,357	42,387	39,335	34,812	33,939
Treasury Stock	-2,580	-13,968	-13,968	-29,775	-29,775	-29,775
Comprehensive Income & Other	-10,294	1,268	335.63	695.33	939.49	65.4
Total Common Equity	61,076	67,584	45,315	42,623	38,344	36,597
Minority Interest	749.01	789.69	716.71	702.88	738.85	669.61
Shareholders' Equity	61,825	68,374	46,032	43,326	39,083	37,266
Total Liabilities & Equity	111,884	120,185	107,521	111,017	114,378	108,188
Total Debt	27,465	29,497	40,507	44,948	49,410	51,304
Net Cash (Debt)	-9,902	3,758	-14,795	-20,158	-25,901	-23,322
Net Cash Per Share	-387.83	143.50	-606.69	-826.60	-1026.60	-818.28
Filing Date Shares Outstanding	27.89	27.89	24.39	24.39	24.39	24.39
Total Common Shares Outstanding	27.89	27.89	24.39	24.39	24.39	24.39
Working Capital	24,944	26,440	24,191	1,490	-4,275	14,111
Book Value Per Share	2190.05	2423.42	1858.24	1747.85	1572.37	1500.72
Tangible Book Value	31,315	37,774	16,190	13,503	9,218	7,829
Tangible Book Value Per Share	1122.88	1354.50	663.90	553.70	378.00	321.03
Land	10,333	10,333	10,333	10,333	10,333	10,333
Buildings	21,908	19,455	19,249	19,248	19,278	19,080
Machinery	21,491	21,495	19,675	29,538	29,436	27,623
Construction In Progress	705.37	223.65	161.33	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.