SeAH Steel Holdings 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	687,895	657,859	841,007	713,742	490,387	234,314
Trading Asset Securities	30,365	16,581	20,742	97,807	37,636	71,583
Cash & Short-Term Investments	718,260	674,439	861,749	811,549	528,022	305,897
Cash Growth	-9.05%	-21.74%	6.19%	53.70%	72.61%	13.73%
Accounts Receivable	646,668	571,559	536,238	567,553	598,619	529,174
Other Receivables	30,274	16,453	36,164	46,837	29,906	14,020
Receivables	678,048	589,086	573,462	615,390	629,221	543,854
Inventory	1,284,402	1,168,985	1,043,092	926,901	951,179	841,337
Prepaid Expenses	10,040	10,740	7,687	5,817	6,850	3,236
Other Current Assets	56,264	42,254	90,727	73,383	12,290	17,170
Total Current Assets	2,747,014	2,485,504	2,576,717	2,433,040	2,127,562	1,711,495
Property, Plant & Equipment	3,458,062	3,336,067	2,745,936	1,701,184	1,240,259	999,472
Long-Term Investments	97,758	95,420	78,934	73,136	86,522	77,942
Goodwill	2,604	2,469	2,529	2,219	2,180	802
Other Intangible Assets	33,254	35,503	34,152	32,245	9,830	9,891
Long-Term Accounts Receivable	444.48	503.78	1,424	2,964	4,472	7,297
Long-Term Deferred Tax Assets	23,966	24,161	51,523	25,455	29,317	18,037
Other Long-Term Assets	65,491	65,315	62,043	68,109	69,931	71,825
Total Assets	6,433,039	6,046,780	5,555,574	4,340,756	3,572,068	2,898,999
Accounts Payable	333,217	229,525	243,023	234,129	214,199	196,614
Accrued Expenses	51,703	91,586	58,999	52,707	27,212	20,313
Short-Term Debt	580,238	635,247	492,202	535,015	578,287	575,981
Current Portion of Long-Term Debt	79,585	99,389	117,513	42,177	40,048	1,861
Current Portion of Leases	8,274	21,506	12,725	4,603	4,843	3,939
Current Income Taxes Payable	23,263	15,884	61,886	24,178	56,795	48,321
Current Unearned Revenue	-	-	-	27,911	-	-
Other Current Liabilities	318,649	186,969	298,091	222,328	170,933	81,471
Total Current Liabilities	1,394,929	1,280,106	1,284,439	1,143,049	1,092,316	928,499
Long-Term Debt	1,821,490	1,642,451	1,241,751	519,023	243,464	237,760
Long-Term Leases	141,315	135,470	141,345	130,629	122,805	13,998
Long-Term Unearned Revenue	11,960	11,594	31,343	-	-	-
Pension & Post-Retirement Benefits	1,318	1,154	2,123	885.04	829.24	6,971
Long-Term Deferred Tax Liabilities	209,622	206,973	188,828	153,296	127,426	120,891
Other Long-Term Liabilities	36,497	35,914	7,535	4,976	4,429	4,228
Total Liabilities	3,617,130	3,313,662	2,897,364	1,951,858	1,591,270	1,312,347
Common Stock	20,708	20,708	20,708	20,708	20,708	20,708
Additional Paid-In Capital	50,369	50,002	60,002	60,002	60,002	60,002
Retained Earnings	1,653,877	1,318,335	1,253,032	1,219,600	948,078	676,547
Treasury Stock	-1,383	-1,420	-1,420	-1,420	-1,420	-1,420
Comprehensive Income & Other	405,440	674,932	668,411	499,725	476,108	448,427
Total Common Equity	2,129,012	2,062,558	2,000,733	1,798,615	1,503,477	1,204,265
Minority Interest	686,896	670,560	657,476	590,283	477,320	382,387
Shareholders' Equity	2,815,909	2,733,118	2,658,209	2,388,898	1,980,797	1,586,652
Total Liabilities & Equity	6,433,039	6,046,780	5,555,574	4,340,756	3,572,068	2,898,999
Total Debt	2,630,901	2,534,063	2,005,536	1,231,448	989,447	833,539
Net Cash (Debt)	-1,912,641	-1,859,623	-1,143,788	-419,898	-461,425	-527,642
Net Cash Per Share	-473339.34	-460250.32	-283083.42	-103923.37	-114201.01	-130589.43
Filing Date Shares Outstanding	4.04	4.04	4.04	4.04	4.04	4.04
Total Common Shares Outstanding	4.04	4.04	4.04	4.04	4.04	4.04
Working Capital	1,352,086	1,205,397	1,292,278	1,289,991	1,035,245	782,995
Book Value Per Share	526796.32	510475.79	495174.39	445151.06	372105.28	298051.36
Tangible Book Value	2,093,154	2,024,586	1,964,052	1,764,152	1,491,467	1,193,571
Tangible Book Value Per Share	517923.77	501077.90	486095.98	436621.40	369132.93	295404.77
Land	485,461	481,098	472,515	448,889	433,044	422,637
Buildings	1,021,137	1,241,652	489,803	462,381	448,284	436,072
Machinery	464,455	1,210,059	971,656	919,044	863,193	809,872
Construction In Progress	1,315,797	1,230,599	1,589,397	591,388	165,699	49,304