SAMICK MUSICAL INSTRUMENT Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	121,439	103,848	97,665	89,123	81,893	104,290
Short-Term Investments	4,775	6,519	8,323	3,297	1,016	974.2
Cash & Short-Term Investments	126,213	110,367	105,988	92,420	82,909	105,265
Cash Growth	10.14%	4.13%	14.68%	11.47%	-21.24%	34.15%
Accounts Receivable	23,718	22,569	27,049	27,813	37,986	42,953
Other Receivables	1,069	975.71	1,588	1,145	2,050	1,960
Receivables	32,204	31,274	29,782	29,078	40,123	45,149
Inventory	34,941	33,609	44,445	63,857	81,639	95,115
Prepaid Expenses	825.99	669.47	603.22	984.47	1,224	1,843
Other Current Assets	6,145	5,890	3,489	3,932	4,401	4,613
Total Current Assets	200,330	181,810	184,307	190,271	210,295	251,984
Property, Plant & Equipment	222,760	221,696	228,171	237,013	212,344	221,569
Long-Term Investments	23,885	17,825	13,936	14,510	11,287	10,429
Goodwill	3,615	3,526	3,566	4,847	4,823	3,397
Other Intangible Assets	41,010	40,178	42,287	39,654	37,574	37,809
Long-Term Accounts Receivable	-	0	-0	-0	0	-0
Long-Term Deferred Tax Assets	5,266	5,128	5,234	5,746	5,813	6,623
Other Long-Term Assets	44,376	44,297	47,482	42,118	39,423	53,494
Total Assets	541,241	514,461	524,983	534,158	521,559	585,305
Accounts Payable	21,227	18,892	21,038	22,220	37,973	32,428
Accrued Expenses	2,303	2,139	2,410	3,044	2,130	3,100
Short-Term Debt	156,818	71,724	73,735	78,749	77,348	136,353
Current Portion of Long-Term Debt	35.69	80,047	10,768	13,678	5,726	7,186
Current Portion of Leases	862.36	842.85	778.88	679.96	301.24	216.47
Current Income Taxes Payable	1,530	1,855	933.72	673.47	3,904	12,265
Current Unearned Revenue	2,263	2,215	2,146	2,033	864.48	851.11
Other Current Liabilities	17,217	14,000	12,447	15,785	6,221	15,233
Total Current Liabilities	202,255	191,716	124,257	136,863	134,468	207,632
Long-Term Debt	1,546	1,465	82,099	89,102	99,824	95,347
Long-Term Leases	1,162	1,303	1,524	1,538	415.04	195.97
Long-Term Unearned Revenue	31,145	31,194	32,526	33,116	15,200	15,846
Pension & Post-Retirement Benefits	6,882	6,837	6,661	6,118	5,450	6,864
Long-Term Deferred Tax Liabilities	300.03	300.71	106.55	333.39	-	-
Other Long-Term Liabilities	805.48	1,742	5,656	4,886	5,548	5,509
Total Liabilities	244,096	234,557	252,830	271,956	260,906	331,394
Common Stock	45,265	45,265	45,265	45,265	45,265	45,265
Additional Paid-In Capital	26,378	26,378	26,378	26,378	26,378	26,378
Retained Earnings	241,552	226,795	213,247	214,347	215,880	205,271
Treasury Stock	-24,320	-24,320	-24,320	-17,915	-17,915	-14,526
Comprehensive Income & Other	9,581	7,020	12,505	-5,118	-8,251	-7,411
Total Common Equity	298,456	281,138	273,075	262,957	261,358	254,977
Minority Interest	-1,311	-1,235	-922.08	-754.61	-704.82	-1,066
Shareholders' Equity	297,145	279,903	272,153	262,203	260,653	253,911
Total Liabilities & Equity	541,241	514,461	524,983	534,158	521,559	585,305
Total Debt	160,425	155,381	168,905	183,747	183,615	239,298
Net Cash (Debt)	-34,212	-45,014	-62,917	-91,327	-100,705	-134,034
Net Cash Per Share	-450.80	-592.04	-819.65	-1127.07	-1240.82	-1604.84
Filing Date Shares Outstanding	76.02	76.03	76.03	81.03	81.03	82.94
Total Common Shares Outstanding	76.02	76.03	76.03	81.03	81.03	82.94
Working Capital	-1,925	-9,906	60,051	53,408	75,827	44,352
Book Value Per Share	3925.82	3697.68	3591.63	3245.15	3225.40	3074.08
Tangible Book Value	253,832	237,434	227,223	218,456	218,961	213,771
Tangible Book Value Per Share	3338.84	3122.86	2988.56	2695.96	2702.19	2577.29
Land	60,478	59,565	56,688	55,645	54,223	54,212
Buildings	86,897	85,608	88,670	89,387	79,597	85,548
Machinery	65,420	67,626	76,846	87,529	71,026	77,364
Construction In Progress	6,387	5,285	2,183	836.14	5,328	2,016