MH Ethanol Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	16,790	27,885	26,113	14,941	26,580	12,487
Short-Term Investments	6,119	2,940	2,420	12,410	3,032	3,514
Trading Asset Securities	-	105.29	74.45	100.63	-	-
Cash & Short-Term Investments	22,909	30,930	28,608	27,452	29,612	16,002
Cash Growth	-5.64%	8.12%	4.21%	-7.30%	85.06%	43.45%
Accounts Receivable	11,547	11,991	12,139	11,660	9,911	9,609
Other Receivables	663.61	912.18	474.65	424.43	295.68	295.24
Receivables	15,251	18,096	18,957	15,380	11,703	12,349
Inventory	10,076	9,846	10,964	8,773	9,186	8,357
Prepaid Expenses	688.93	687.84	659.59	627.82	629.52	681.24
Other Current Assets	1,093	751.31	695.77	503.57	943.44	339.09
Total Current Assets	50,018	60,312	59,885	52,735	52,074	37,729
Property, Plant & Equipment	320,373	326,130	366,741	376,474	385,960	395,517
Long-Term Investments	9,326	9,569	8,576	8,041	7,793	11,367
Goodwill	4,164	4,164	4,164	4,164	4,164	4,164
Other Intangible Assets	894.29	895.1	896.18	897.26	905.84	354.76
Long-Term Accounts Receivable	-	0	-	-	-0	-0
Long-Term Deferred Tax Assets	18.76	18.76	2,257	3,898	-	-
Other Long-Term Assets	383.99	612.85	748.87	230.34	564.36	547.18
Total Assets	385,179	401,702	445,232	447,440	451,461	449,679
Accounts Payable	2,502	442.94	497.21	631.88	541.84	496.35
Accrued Expenses	4,407	9,763	2,529	2,674	2,530	2,262
Short-Term Debt	67,719	72,146	72,819	73,992	45,808	44,521
Current Portion of Long-Term Debt	102,567	110,907	8,701	13,974	143,194	7,137
Current Portion of Leases	-	154.69	1,606	1,341	1,334	1,992
Current Income Taxes Payable	707.81	1,111	771.89	1,491	1,554	963.16
Other Current Liabilities	93,750	95,560	96,541	96,838	102,369	88,767
Total Current Liabilities	271,651	290,086	183,465	190,942	297,330	146,139
Long-Term Debt	11,759	12,424	120,434	119,333	24,479	164,314
Long-Term Leases	-	210.37	21,309	21,349	21,477	21,551
Pension & Post-Retirement Benefits	2,085	2,086	1,325	1,360	3,564	2,829
Long-Term Deferred Tax Liabilities	19,487	19,698	19,474	18,962	18,728	18,385
Other Long-Term Liabilities	49.91	94.36	154.07	98.11	1,180	16,036
Total Liabilities	305,033	324,599	346,162	352,043	366,757	369,254
Common Stock	4,597	4,597	4,597	4,597	4,597	4,597
Additional Paid-In Capital	1,559	3,493	3,493	3,493	3,493	3,493
Retained Earnings	71,961	69,512	74,890	71,972	68,412	65,491
Treasury Stock	-6,496	-6,496	-5,886	-5,886	-5,886	-5,886
Comprehensive Income & Other	-6,623	-6,629	-7,293	-7,609	-7,782	-6,321
Total Common Equity	64,997	64,475	69,800	66,565	62,833	61,373
Minority Interest	15,149	12,628	29,270	28,832	21,870	19,053
Shareholders' Equity	80,146	77,103	99,070	95,398	84,703	80,425
Total Liabilities & Equity	385,179	401,702	445,232	447,440	451,461	449,679
Total Debt	182,044	195,842	224,869	229,989	236,291	239,514
Net Cash (Debt)	-159,135	-164,911	-196,261	-202,537	-206,679	-223,512
Net Cash Per Share	-24845.95	-25458.60	-30154.43	-31118.74	-31755.05	-34341.49
Filing Date Shares Outstanding	6.41	6.41	6.51	6.51	6.51	6.51
Total Common Shares Outstanding	6.41	6.41	6.51	6.51	6.51	6.51
Working Capital	-221,634	-229,774	-123,580	-138,206	-245,256	-108,410
Book Value Per Share	10142.31	10060.83	10724.41	10227.42	9654.02	9429.59
Tangible Book Value	59,939	59,416	64,740	61,504	57,763	56,854
Tangible Book Value Per Share	9352.95	9271.35	9946.88	9449.73	8875.02	8735.25
Land	110,220	110,159	110,150	110,150	110,150	110,510
Buildings	268,076	266,598	280,672	277,441	275,525	273,172
Machinery	33,014	29,594	27,761	28,427	28,033	26,314
Construction In Progress	3,121	4,845	3,148	2,741	2,040	2,165

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