Bitmax 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	49,851	3,173	10,004	15,249	14,094
Short-Term Investments	20	88.55	18,590	42,593	-
Cash & Short-Term Investments	49,871	3,261	28,594	57,842	14,094
Cash Growth	270.62%	-88.59%	-50.57%	310.42%	-
Accounts Receivable	1,089	2,516	199.65	284.84	519.96
Other Receivables	72.61	39.88	277.6	414.97	88.77
Receivables	2,496	4,037	477.25	699.82	608.72
Prepaid Expenses	468.85	438.42	329.52	35.15	24.33
Other Current Assets	1,146	1,903	10,195	2,395	656.03
Total Current Assets	53,983	9,640	39,596	60,972	15,383
Property, Plant & Equipment	1,408	2,754	2,842	2,323	1,630
Long-Term Investments	936.79	736.79	5,602	-0	-0
Goodwill	10,873	10,873	1,473	1,473	-
Other Intangible Assets	46,449	2,917	38.96	37.51	28.26
Long-Term Deferred Tax Assets	681.57	681.57	-	-	-
Long-Term Deferred Charges	50.23	132.47	1,251	1,444	1,117
Other Long-Term Assets	691.95	808.56	833.51	664.99	401.72
Total Assets	115,074	28,543	51,636	66,914	18,560
Accounts Payable	1,298	1,508	-	-	-
Accrued Expenses	998.08	1,032	632.32	489.91	331.73
Short-Term Debt	86,026	3,197	9,998	8,601	64
Current Portion of Long-Term Debt	800	800	-	-	-
Current Portion of Leases	744.42	1,102	698.28	500.08	323.1
Other Current Liabilities	927.9	2,043	12,728	17,600	1,080
Total Current Liabilities	90,794	9,683	24,056	27,190	1,799
Long-Term Debt	1,600	2,400	-	-	-
Long-Term Leases	151.36	1,038	1,308	1,130	862.52
Long-Term Deferred Tax Liabilities	564.93	598.16	-	1.09	-
Other Long-Term Liabilities	537.02	565.54	753.39	526.89	365.81
Total Liabilities	93,648	14,284	26,118	28,924	3,027
Common Stock	18,616	15,135	9,785	9,785	4,271
Additional Paid-In Capital	152,632	80,735	70,069	71,316	39,709
Retained Earnings	-154,303	-84,315	-57,412	-44,183	-29,277
Comprehensive Income & Other	4,474	2,695	3,076	1,306	829.73
Total Common Equity	21,418	14,250	25,518	38,224	15,533
Minority Interest	8.2	8.47	-	-234.39	-
Shareholders' Equity	21,426	14,259	25,518	37,990	15,533
Total Liabilities & Equity	115,074	28,543	51,636	66,914	18,560
Total Debt	89,322	8,537	12,004	10,231	1,250
Net Cash (Debt)	-39,451	-5,276	16,590	47,611	12,844
Net Cash Growth	-	-	-65.16%	270.69%	-
Net Cash Per Share	-1359.94	-252.26	847.68	2524.86	808.14
Filing Date Shares Outstanding	37.23	30.27	19.57	19.57	17.08
Total Common Shares Outstanding	37.23	30.27	19.57	19.57	17.08
Working Capital	-36,812	-42.94	15,539	33,781	13,584
Book Value Per Share	575.26	470.76	1303.88	1953.12	909.14
Tangible Book Value	-35,904	460.3	24,006	36,714	15,504
Tangible Book Value Per Share	-964.36	15.21	1226.64	1875.96	907.49
Machinery	1,493	1,442	1,216	857.1	424.37
Construction In Progress	-	-	-	-	55

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