Songwon Industrial Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	112,669	113,481	98,584	104,760	97,744
Short-Term Investments	3,658	1,099	631	1,338	712
Trading Asset Securities	5,728	5,147	8,223	3,816	408
Cash & Short-Term Investments	122,055	119,727	107,438	109,914	98,864
Cash Growth	1.94%	11.44%	-2.25%	11.18%	28.78%
Accounts Receivable	152,558	157,462	146,860	175,426	178,545
Other Receivables	9,827	14,493	12,059	11,062	1,175
Receivables	162,385	171,955	158,919	186,488	179,720
Inventory	341,676	353,485	291,466	377,129	335,880
Prepaid Expenses	5,775	5,573	4,961	4,623	12,311
Restricted Cash	5	5	-	7	-
Other Current Assets	2,136	3,499	6,446	2,546	1,606
Total Current Assets	634,032	654,244	569,230	680,707	628,381
Property, Plant & Equipment	460,901	466,222	453,700	458,510	442,202
Long-Term Investments	11,645	19,839	18,120	22,487	16,447
Goodwill	3,281	3,530	3,196	3,125	3,279
Other Intangible Assets	11,193	12,314	11,593	8,302	6,371
Long-Term Deferred Tax Assets	6,991	7,691	6,055	8,585	7,387
Other Long-Term Assets	19,269	16,353	27,850	35,595	11,582
Total Assets	1,147,312	1,180,193	1,089,744	1,217,311	1,115,649
Accounts Payable	95,296	111,577	75,737	79,747	117,284
Accrued Expenses	30,581	26,868	23,595	29,458	24,266
Short-Term Debt	141,570	146,034	103,577	206,140	233,531
Current Portion of Long-Term Debt	2,250	3,000	61,119	1,930	1,780
Current Portion of Leases	3,209	3,914	2,357	2,334	2,480
Current Income Taxes Payable	6,771	24,043	14,606	48,349	28,210
Other Current Liabilities	11,710	14,213	26,702	36,064	36,448
Total Current Liabilities	291,387	329,649	307,693	404,022	443,999
Long-Term Debt	-	2,250	5,250	65,745	60,502
Long-Term Leases	33,277	31,991	16,087	14,564	15,454
Pension & Post-Retirement Benefits	5,045	4,575	4,269	2,682	5,945
Long-Term Deferred Tax Liabilities	34,692	39,123	37,060	38,161	37,522
Other Long-Term Liabilities	22,801	16,495	13,793	9,515	8,973
Total Liabilities	387,202	424,083	384,152	534,689	572,395
Common Stock	12,000	12,000	12,000	12,000	12,000
Additional Paid-In Capital	20,482	20,482	20,482	20,482	20,482
Retained Earnings	674,626	674,410	642,705	626,239	486,540
Comprehensive Income & Other	53,002	49,218	30,405	23,901	24,232
Total Common Equity	760,110	756,110	705,592	682,622	543,254
Shareholders' Equity	760,110	756,110	705,592	682,622	543,254
Total Liabilities & Equity	1,147,312	1,180,193	1,089,744	1,217,311	1,115,649
Total Debt	180,306	187,189	188,390	290,713	313,747
Net Cash (Debt)	-58,251	-67,462	-80,952	-180,799	-214,883
Net Cash Per Share	-2427.13	-2810.92	-3373.00	-7533.29	-8953.46
Filing Date Shares Outstanding	24	24	24	24	24
Total Common Shares Outstanding	24	24	24	24	24
Working Capital	342,645	324,595	261,537	276,685	184,382
Book Value Per Share	31671.25	31504.58	29399.67	28442.58	22635.58
Tangible Book Value	745,636	740,266	690,803	671,195	533,604
Tangible Book Value Per Share	31068.17	30844.42	28783.46	27966.46	22233.50
Land	149,656	149,656	149,656	149,656	149,656
Buildings	203,413	191,421	182,167	176,256	165,233
Machinery	552,859	539,917	523,539	532,467	497,806
Construction In Progress	5,103	7,797	7,615	35,498	15,127

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