Posco Future M 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	461,233	319,841	644,217	389,579	281,380	72,280
Short-Term Investments	213,061	415,431	9,975	13,904	28,963	17,941
Trading Asset Securities	20,326	22,996	89,743	227,211	505,026	1,262,140
Cash & Short-Term Investments	694,620	758,268	743,935	630,694	815,369	1,352,361
Cash Growth	42.25%	1.93%	17.95%	-22.65%	-39.71%	328.38%
Accounts Receivable	709,497	399,048	477,568	765,611	293,288	246,635
Other Receivables	42,515	8,937	3,364	11,689	3,309	1,638
Receivables	752,308	408,349	486,538	780,347	297,844	249,547
Inventory	651,082	841,132	768,212	916,674	870,134	440,558
Prepaid Expenses	16,767	62,091	90,223	69,833	41,745	34,273
Other Current Assets	108,420	100,299	22,290	14,333	12,427	7,489
Total Current Assets	2,223,197	2,170,138	2,111,199	2,411,881	2,037,518	2,084,228
Property, Plant & Equipment	6,640,033	6,342,313	5,259,176	3,463,336	2,197,733	1,550,225
Long-Term Investments	224,587	201,635	196,892	287,901	289,896	185,168
Other Intangible Assets	20,872	21,455	21,832	19,915	20,161	21,524
Long-Term Accounts Receivable	11,281	12,202	22,428	21,274	28,341	28,335
Long-Term Deferred Tax Assets	321,478	322,341	267,405	55,482	16,788	-
Long-Term Deferred Charges	22,462	21,382	22,954	20,965	10,777	12,511
Other Long-Term Assets	56,102	52,326	30,105	52,653	33,719	38,740
Total Assets	9,520,080	9,143,897	7,932,460	6,334,593	4,637,476	3,922,480
Accounts Payable	156,137	159,501	298,807	262,251	288,697	218,997
Accrued Expenses	64,348	65,664	78,855	104,776	57,211	36,448
Short-Term Debt	151,854	127,463	185,198	352,140	202,827	57,190
Current Portion of Long-Term Debt	664,234	881,083	440,696	327,651	262,106	192,351
Current Portion of Leases	21,557	19,946	17,959	16,788	18,076	18,307
Current Income Taxes Payable	305.88	56.83	1,008	1,286	19,354	15,189
Current Unearned Revenue	169.56	189.21	343.47	67.61	56.37	505.44
Other Current Liabilities	441,890	404,437	547,204	331,448	117,466	95,661
Total Current Liabilities	1,500,496	1,658,341	1,570,070	1,396,408	965,793	634,650
Long-Term Debt	3,289,113	2,858,436	2,938,017	2,218,104	926,411	765,033
Long-Term Leases	59,959	64,553	75,345	79,703	73,712	69,232
Pension & Post-Retirement Benefits	211.5	196.32	152.26	407	424.74	615.81
Long-Term Deferred Tax Liabilities	21,436	19,868	11,436	3,604	3,942	5,926
Other Long-Term Liabilities	31,308	30,424	16,934	24,901	16,549	8,594
Total Liabilities	4,902,523	4,631,817	4,611,954	3,723,127	1,986,832	1,484,050
Common Stock	44,473	44,473	38,732	38,732	38,732	38,732
Additional Paid-In Capital	2,556,223	2,556,169	1,459,472	1,457,401	1,454,532	1,453,110
Retained Earnings	748,494	770,861	760,851	998,454	1,003,498	897,538
Treasury Stock	-5.9	-5.9	-3,588	-5,623	-7,192	-
Comprehensive Income & Other	793,630	696,060	714,807	-138,753	-18,548	-60.01
Total Common Equity	4,142,813	4,067,558	2,970,274	2,350,210	2,471,022	2,389,319
Minority Interest	474,744	444,521	350,232	261,256	179,623	49,110
Shareholders' Equity	4,617,557	4,512,079	3,320,506	2,611,466	2,650,645	2,438,430
Total Liabilities & Equity	9,520,080	9,143,897	7,932,460	6,334,593	4,637,476	3,922,480
Total Debt	4,186,718	3,951,481	3,657,215	2,994,386	1,483,131	1,102,112
Net Cash (Debt)	-3,492,098	-3,193,214	-2,913,280	-2,363,691	-667,762	250,249
Net Cash Per Share	-	-38784.20	-37624.25	-30532.41	-8624.28	3270.57
Filing Date Shares Outstanding	42.24	88.95	77.44	77.42	77.41	77.46
Total Common Shares Outstanding	42.24	88.95	77.44	77.42	77.41	77.46
Working Capital	722,701	511,798	541,129	1,015,474	1,071,726	1,449,578
Book Value Per Share	98075.28	45730.55	38358.16	30356.86	31922.38	30844.57
Tangible Book Value	4,121,941	4,046,103	2,948,442	2,330,295	2,450,861	2,367,795
Tangible Book Value Per Share	97581.17	45489.34	38076.23	30099.62	31661.93	30566.70
Land	169,830	168,607	137,583	156,333	140,979	115,960
Buildings	894,191	886,614	816,268	617,182	316,197	286,246
Machinery	2,182,891	2,168,195	1,968,038	1,517,553	927,070	695,576
Construction In Progress	4,061,537	3,736,479	2,856,765	1,553,040	1,094,428	620,865

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