Model Solution Co., Ltd. (KOSDAQ:417970)

Model Solution Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	9,821	11,389	3,664	7,539	12,870	10,048
Short-Term Investments	37,225	36,225	31,829	30,241	3,000	3,000
Cash & Short-Term Investments	47,046	47,614	35,493	37,780	15,870	13,048
Cash Growth	27.10%	34.15%	-6.05%	138.06%	21.63%	30.81%
Accounts Receivable	11,807	9,464	16,188	16,774	6,701	5,906
Other Receivables	8.67	212.36	263.33	348.28	4.69	5.66
Receivables	11,815	9,676	16,452	17,123	6,706	5,912
Inventory	4,418	5,317	4,756	4,288	4,236	2,982
Prepaid Expenses	-	350.35	487.33	400.54	405.89	152.15
Other Current Assets	1,599	466.32	174.02	525.71	607.4	106.29
Total Current Assets	64,878	63,424	57,363	60,118	27,825	22,200
Property, Plant & Equipment	19,794	21,395	23,565	24,068	16,918	16,195
Long-Term Investments	703.66	755.4	768.61	1,051	1,058	934.89
Other Intangible Assets	1,419	941.17	798.64	584.36	606.86	631.07
Long-Term Deferred Tax Assets	1,481	1,350	953.75	773.32	850.27	1,205
Other Long-Term Assets	2,494	2,525	1,664	2,777	917.55	586.35
Total Assets	90,770	90,390	85,113	89,371	48,176	41,752
Accounts Payable	806.44	415.96	387.82	2,231	518.72	438.91
Accrued Expenses	2,231	1,629	1,851	1,665	1,481	1,409
Short-Term Debt	11,400	11,400	-	-	-	11,400
Current Portion of Long-Term Debt	-	-	11,400	-	-	-
Current Portion of Leases	1,447	1,316	1,276	1,033	804.05	604.8
Current Income Taxes Payable	407.71	1,251	-	1,210	1,291	333.61
Other Current Liabilities	5,887	5,651	5,596	7,152	5,279	3,619
Total Current Liabilities	22,180	21,663	20,510	13,290	9,374	17,805
Long-Term Debt	-	-	-	11,400	11,400	-
Long-Term Leases	733.81	1,272	2,573	3,133	66.91	111.67
Long-Term Unearned Revenue	-	-	-	-	-	100
Other Long-Term Liabilities	691.87	647.31	507.98	449.21	558.09	511.33
Total Liabilities	23,605	23,583	23,591	28,272	21,543	19,825
Common Stock	3,198	3,198	3,198	3,198	2,683	938.24
Additional Paid-In Capital	26,598	26,598	26,598	26,598	6.79	1,752
Retained Earnings	35,891	35,617	30,978	31,230	23,923	19,260
Comprehensive Income & Other	1,477	1,394	747.69	73.26	20.39	-22.94
Shareholders' Equity	67,164	66,808	61,522	61,100	26,633	21,927
Total Liabilities & Equity	90,770	90,390	85,113	89,371	48,176	41,752
Total Debt	13,580	13,987	15,249	15,565	12,271	12,116
Net Cash (Debt)	33,465	33,627	20,245	22,215	3,600	931.63
Net Cash Growth	49.51%	66.10%	-8.87%	517.18%	286.37%	-
Net Cash Per Share	5231.65	5256.88	3164.87	3946.49	670.71	173.59
Filing Date Shares Outstanding	6.4	6.4	6.4	6.4	5.37	5.37
Total Common Shares Outstanding	6.4	6.4	6.4	6.4	5.37	5.37
Working Capital	42,699	41,760	36,853	46,828	18,452	4,395
Book Value Per Share	10499.83	10444.10	9617.77	9551.74	4962.70	4085.76
Tangible Book Value	65,746	65,867	60,723	60,515	26,026	21,296
Tangible Book Value Per Share	10278.08	10296.96	9492.91	9460.39	4849.62	3968.17
Land	7,403	7,403	7,403	7,403	7,403	7,403
Buildings	5,769	5,769	5,769	5,817	5,817	5,817
Machinery	23,968	23,909	22,248	20,676	18,980	17,725
Construction In Progress	-	-	70.79	-	-	-

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