S2W Inc. 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	19,071	3,796	2,294	1,258
Short-Term Investments	3,000	5,000	7,740	5,600
Cash & Short-Term Investments	26,324	8,796	10,034	6,858
Cash Growth	162.34%	-12.34%	46.32%	-
Accounts Receivable	-	1,897	903.72	758.82
Other Receivables	-	114.99	312.11	174.46
Receivables	-	2,012	1,616	933.28
Prepaid Expenses	-	142.16	-	4.62
Other Current Assets	2,207	226.63	156.97	119.73
Total Current Assets	28,531	11,177	11,807	7,916
Property, Plant & Equipment	1,408	1,715	2,351	3,170
Long-Term Investments	-	240	116.95	0
Other Intangible Assets	438.6	361.16	269.75	222.33
Long-Term Accounts Receivable	-	238.75	627.3	987.75
Other Long-Term Assets	1,410	721.9	697.28	662.59
Total Assets	31,788	14,903	15,869	12,958
Accrued Expenses	-	923.03	776.82	507.76
Current Portion of Leases	852.83	1,002	1,003	995.44
Other Current Liabilities	4,954	4,315	25,533	9,492
Total Current Liabilities	5,807	6,240	27,312	10,995
Long-Term Debt	-	-	-	7,659
Long-Term Leases	-	574.75	1,510	2,407
Pension & Post-Retirement Benefits	1,512	1,588	1,346	988.13
Other Long-Term Liabilities	1,083	1,208	1,004	7,216
Total Liabilities	8,401	9,611	31,173	29,265
Common Stock	5,294	2,183	1,238	1,196
Additional Paid-In Capital	68,050	47,527	-	-
Retained Earnings	-51,294	-46,314	-31,981	-19,437
Comprehensive Income & Other	1,336	1,117	993.05	347.32
Total Common Equity	23,386	4,513	-29,750	-17,893
Shareholders' Equity	23,386	5,292	-15,304	-16,307
Total Liabilities & Equity	31,788	14,903	15,869	12,958
Total Debt	852.83	1,577	2,513	11,061
Net Cash (Debt)	25,471	7,219	7,521	-4,203
Net Cash Growth	238.65%	-4.02%	-	-
Net Cash Per Share	3410.61	1418.00	1551.25	-895.12
Filing Date Shares Outstanding	8.24	4.37	4.95	4.7
Total Common Shares Outstanding	8.24	4.37	4.95	4.7
Working Capital	22,724	4,937	-15,505	-3,080
Book Value Per Share	2839.74	1033.66	-6005.38	-3810.84
Tangible Book Value	22,948	4,152	-30,020	-18,116
Tangible Book Value Per Share	2786.48	950.94	-6059.83	-3858.19
Machinery	1,290	914.66	610.14	516.15

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