Systeel Tech 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	32,462	10,931	25,760	7,505	2,888	5,736
Short-Term Investments	25,000	0	1,260	-	-	90
Cash & Short-Term Investments	57,462	10,931	27,020	7,505	2,888	5,826
Cash Growth	360.14%	-59.55%	260.00%	159.87%	-50.42%	5.60%
Accounts Receivable	15,319	22,399	18,587	18,782	16,297	10,523
Other Receivables	12.5	303.33	9.1	-	-	0.36
Receivables	15,332	22,705	18,597	18,782	16,297	10,524
Inventory	12,102	13,497	12,337	9,196	9,226	4,410
Prepaid Expenses	-	17.22	14.47	38.96	24.67	38.22
Other Current Assets	1,627	1,113	350.82	0.17	15.2	218.7
Total Current Assets	86,523	48,263	58,318	35,522	28,451	21,017
Property, Plant & Equipment	24,944	24,034	20,866	15,741	13,880	14,385
Long-Term Investments	6,659	6,907	246.53	129.99	225.01	122.87
Other Intangible Assets	354.3	366.62	350.55	422.48	504.77	747.77
Long-Term Deferred Tax Assets	22.26	8.05	-	-	143.8	336.76
Other Long-Term Assets	105.51	417.25	106.86	607.46	90.25	82.97
Total Assets	118,619	80,006	79,948	52,489	43,423	36,692
Accounts Payable	-	3,478	3,560	5,431	7,029	4,809
Accrued Expenses	-	300.63	220.3	200.04	143.11	84.69
Short-Term Debt	8,594	9,973	5,748	10,300	6,282	3,000
Current Portion of Long-Term Debt	-	3,500	856.05	2,162	1,741	1,741
Current Portion of Leases	190.21	221.88	168.57	113.39	49.33	71.91
Current Income Taxes Payable	-	582.54	2,166	1,044	-	-
Other Current Liabilities	9,179	9,190	10,323	6,540	3,994	2,436
Total Current Liabilities	17,963	27,246	23,042	25,792	19,238	12,143
Long-Term Debt	-	-	9,439	3,095	6,685	8,426
Long-Term Leases	1,424	1,435	221.48	162.06	11.48	35.93
Pension & Post-Retirement Benefits	1,126	1,119	489.01	1,012	990.29	749.18
Long-Term Deferred Tax Liabilities	-	-	438.32	45.33	-	-
Other Long-Term Liabilities	134.79	114.21	85.55	66.22	55.49	66.84
Total Liabilities	20,649	29,914	33,715	30,172	26,980	21,421
Common Stock	25,086	15,305	15,305	11,700	11,700	11,700
Additional Paid-In Capital	48,577	8,703	8,703	-	-	-
Retained Earnings	22,661	24,130	19,870	8,974	3,099	2,476
Comprehensive Income & Other	1,647	1,953	2,355	1,643	1,643	1,095
Shareholders' Equity	97,970	50,091	46,233	22,318	16,442	15,271
Total Liabilities & Equity	118,619	80,006	79,948	52,489	43,423	36,692
Total Debt	10,209	15,130	16,433	15,832	14,769	13,275
Net Cash (Debt)	47,253	-4,199	10,587	-8,327	-11,881	-7,449
Net Cash Per Share	1395.33	-137.19	434.43	-355.23	-515.71	-6366.70
Filing Date Shares Outstanding	50.17	33.67	33.67	23.44	23.04	1.17
Total Common Shares Outstanding	50.17	33.67	33.67	23.44	23.04	1.17
Working Capital	68,560	21,017	35,276	9,731	9,213	8,873
Book Value Per Share	1952.72	1487.67	1373.09	952.09	713.73	13051.24
Tangible Book Value	97,616	49,725	45,883	21,895	15,938	14,523
Tangible Book Value Per Share	1945.66	1476.78	1362.67	934.06	691.82	12412.15
Land	15,066	15,045	5,934	5,035	5,040	4,341
Buildings	5,407	5,407	5,366	5,366	5,324	5,279
Machinery	13,572	13,347	12,228	11,320	11,106	10,919
Construction In Progress	1,608	80.39	6,685	2,750	-	-

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