Shin Steel 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	13,159	15,589	7,543	9,329	14,352
Short-Term Investments	2,908	3,746	10,763	9,279	2,804
Trading Asset Securities	-	528.98	508.5	-	-
Cash & Short-Term Investments	16,067	19,864	18,814	18,608	17,156
Cash Growth	-19.12%	5.58%	1.11%	8.47%	71.61%
Accounts Receivable	59,432	76,308	69,220	64,394	42,675
Other Receivables	33.11	1,198	651.79	672.68	840.14
Receivables	59,773	77,817	70,190	65,394	43,844
Inventory	47,872	50,949	37,892	38,202	37,979
Prepaid Expenses	2,117	4,409	1,093	780.96	518.02
Other Current Assets	856.67	1,782	1,817	1,754	2,197
Total Current Assets	126,685	154,821	129,806	124,739	101,694
Property, Plant & Equipment	58,396	60,158	42,611	27,118	31,002
Long-Term Investments	2,577	2,391	1,479	2,427	1,016
Other Intangible Assets	1,981	2,016	1,555	488.33	414.29
Long-Term Deferred Tax Assets	290.72	193.75	-	2.37	-
Other Long-Term Assets	10,410	10,123	9,518	6,801	2,398
Total Assets	200,340	229,703	184,968	161,576	136,524
Accounts Payable	33,211	41,358	30,833	27,258	26,016
Accrued Expenses	1,192	1,269	966.76	685.16	569.52
Short-Term Debt	39,482	53,080	27,995	50,064	45,345
Current Portion of Long-Term Debt	17,344	4,247	6,176	4,680	6,420
Current Portion of Leases	171.05	299.16	304.25	318.37	322.02
Current Income Taxes Payable	498.86	1,491	1,239	1,660	4,208
Other Current Liabilities	6,081	17,263	8,527	2,639	3,495
Total Current Liabilities	97,981	119,006	76,042	87,304	86,376
Long-Term Debt	12,635	28,185	30,911	9,908	8,635
Long-Term Leases	172.72	133.19	276.99	474.01	493.63
Pension & Post-Retirement Benefits	240.85	178.86	298.97	-	389.01
Long-Term Deferred Tax Liabilities	1,264	1,022	1,086	729.25	1,016
Other Long-Term Liabilities	2,962	88.55	4,965	226.21	119.34
Total Liabilities	115,256	148,615	113,579	98,641	97,028
Common Stock	4,147	4,147	4,147	4,030	500
Additional Paid-In Capital	17,974	16,574	16,574	15,166	469.45
Retained Earnings	51,988	51,502	46,037	39,714	33,549
Treasury Stock	-1,485	-1,485	-758.52	-758.52	-
Comprehensive Income & Other	12,460	10,350	5,390	4,783	4,977
Total Common Equity	85,084	81,088	71,389	62,935	39,495
Shareholders' Equity	85,084	81,088	71,389	62,935	39,495
Total Liabilities & Equity	200,340	229,703	184,968	161,576	136,524
Total Debt	69,806	85,944	65,663	65,444	61,216
Net Cash (Debt)	-53,739	-66,080	-46,849	-46,836	-44,060
Net Cash Per Share	-1327.51	-1573.16	-1156.55	-1294.92	-1306.95
Filing Date Shares Outstanding	39.71	40.96	41.02	39.84	3.56
Total Common Shares Outstanding	39.71	40.96	41.02	39.84	3.56
Working Capital	28,704	35,815	53,764	37,436	15,318
Book Value Per Share	2142.70	1979.59	1740.37	1579.54	11091.62
Tangible Book Value	83,103	79,072	69,835	62,446	39,081
Tangible Book Value Per Share	2092.80	1930.38	1702.47	1567.29	10975.27
Land	18,808	18,808	17,997	13,310	17,438
Buildings	25,820	25,815	8,870	8,775	8,563
Machinery	14,573	9,684	8,462	8,223	7,945
Construction In Progress	9,351	13,690	13,591	1,609	313.41

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.