SHINSEGAE Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Assets

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	834,789	845,128	582,471	802,459	937,973	577,788
Short-Term Investments	275,179	319,127	46,663	164,657	90,315	60,068
Trading Asset Securities	2,720	3,189	677.57	6,855	78,861	-
Cash & Short-Term Investments	1,112,689	1,167,444	629,812	973,971	1,107,149	637,856
Cash Growth	82.03%	85.36%	-35.34%	-12.03%	73.57%	61.71%
Accounts Receivable	278,394	283,657	289,224	369,183	309,545	273,241
Other Receivables	335,910	302,337	307,417	346,641	249,921	199,057
Receivables	615,414	587,289	598,503	718,282	560,357	473,253
Inventory	923,091	928,853	979,081	891,235	864,575	755,968
Prepaid Expenses	76,621	42,167	63,515	39,262	69,886	11,419
Other Current Assets	43,369	40,990	71,751	50,953	48,596	31,876
Total Current Assets	2,771,182	2,766,743	2,342,663	2,673,703	2,650,563	1,910,371
Property, Plant & Equipment	8,960,206	8,977,157	8,930,235	8,316,029	8,045,359	8,391,109
Long-Term Investments	2,101,405	1,912,111	1,595,410	1,471,656	1,508,887	1,432,987
Goodwill	370,903	370,903	370,903	360,572	410,953	263,412
Other Intangible Assets	264,994	271,292	203,153	198,967	209,576	164,765
Long-Term Accounts Receivable	-	-	0	0	85.48	216.01
Long-Term Deferred Tax Assets	14,724	16,881	10,255	42,600	24,845	72,733
Other Long-Term Assets	1,497,394	1,511,846	1,612,801	1,682,585	1,489,778	1,400,510
Total Assets	15,987,188	15,833,341	15,071,774	14,751,983	14,348,412	13,644,511

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
Accounts Payable	156,323	160,659	123,156	99,047	142,898	91,794
Accrued Expenses	121,248	99,191	92,511	77,085	59,067	50,426
Short-Term Debt	1,023,472	1,045,108	1,075,441	1,190,486	766,802	390,523
Current Portion of Long-Term Debt	1,327,180	1,109,531	1,071,534	1,000,753	1,211,349	558,541
Current Portion of Leases	81,680	80,287	79,814	68,668	230,261	395,029
Current Income Taxes Payable	55,608	36,651	37,732	41,404	106,398	66,726
Current Unearned Revenue	86,757	71,949	65,053	79,981	70,004	58,283
Other Current Liabilities	2,444,329	2,572,349	2,402,126	2,386,435	2,261,779	1,959,214
Total Current Liabilities	5,296,596	5,175,725	4,947,367	4,943,859	4,848,558	3,570,536
Long-Term Debt	2,173,117	2,404,267	2,213,089	1,891,589	1,720,699	2,372,973
Long-Term Leases	684,375	695,705	654,471	652,484	639,637	876,845
Long-Term Unearned Revenue	11,599	9,995	8,045	8,569	3,514	5,351
Pension & Post-Retirement Benefits	1,883	798.94	1,893	-	-	6,776
Long-Term Deferred Tax Liabilities	810,311	757,995	673,051	768,123	724,210	931,328
Other Long-Term Liabilities	215,812	216,488	199,160	147,370	160,015	118,251
Total Liabilities	9,193,694	9,260,975	8,697,076	8,411,995	8,096,633	7,882,059

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
Common Stock	49,226	49,226	49,226	49,226	49,226	49,226
Additional Paid-In Capital	424,128	423,865	423,873	403,084	402,607	402,593
Retained Earnings	3,693,225	3,657,625	3,717,641	3,655,198	3,479,353	3,084,467
Treasury Stock	-121,820	-157,185	-192,549	-87,488	-3,575	-3,575
Comprehensive Income & Other	650,082	481,802	266,947	188,570	186,061	211,387
Total Common Equity	4,694,840	4,455,333	4,265,138	4,208,590	4,113,671	3,744,097
Minority Interest	2,098,654	2,117,033	2,109,560	2,131,398	2,138,108	2,018,354
Shareholders' Equity	6,793,494	6,572,366	6,374,698	6,339,989	6,251,779	5,762,451
Total Liabilities & Equity	15,987,188	15,833,341	15,071,774	14,751,983	14,348,412	13,644,511

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
Total Debt	5,289,825	5,334,898	5,094,349	4,803,981	4,568,748	4,593,911
Net Cash (Debt)	-4,177,136	-4,167,454	-4,464,537	-3,830,010	-3,461,599	-3,956,055
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-476424.28	-475320.01	-487791.60	-401086.84	-351917.01	-402184.96
Filing Date Shares Outstanding	8.77	8.77	8.77	9.44	9.84	9.84
Total Common Shares Outstanding	8.77	8.77	8.77	9.44	9.84	9.84
Working Capital	-2,525,414	-2,408,982	-2,604,705	-2,270,157	-2,197,994	-1,660,165
Book Value Per Share	535471.14	508154.08	486461.39	445995.01	418208.73	380636.66
Tangible Book Value	4,058,943	3,813,138	3,691,082	3,649,052	3,493,142	3,315,920
Tangible Book Value Per Share	462943.78	434908.34	420987.30	386699.26	355123.83	337106.83
Land	4,229,307	4,220,404	4,210,953	3,745,392	3,661,004	3,660,685
Buildings	2,511,478	4,063,484	3,956,851	3,900,529	3,583,660	3,555,917
Construction In Progress	179,483	162,096	287,444	198,028	248,381	125,747