MH Ethanol 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	9,633	11,611	27,885	26,113	14,941	26,580
Short-Term Investments	2,660	12,141	2,940	2,420	12,410	3,032
Trading Asset Securities	-	-	105.29	74.45	100.63	-
Cash & Short-Term Investments	12,293	23,752	30,930	28,608	27,452	29,612
Cash Growth	-53.06%	-23.21%	8.12%	4.21%	-7.30%	85.06%
Accounts Receivable	13,412	11,114	11,991	12,139	11,660	9,911
Other Receivables	236.7	311.32	912.18	474.65	424.43	295.68
Receivables	14,673	12,449	18,096	18,957	15,380	11,703
Inventory	7,923	10,102	9,846	10,964	8,773	9,186
Prepaid Expenses	89.03	108	687.84	659.59	627.82	629.52
Other Current Assets	2,977	1,410	751.31	695.77	503.57	943.44
Total Current Assets	37,955	47,821	60,312	59,885	52,735	52,074
Property, Plant & Equipment	196,162	196,982	326,130	366,741	376,474	385,960
Long-Term Investments	10,756	10,889	9,569	8,576	8,041	7,793
Goodwill	4,164	4,164	4,164	4,164	4,164	4,164
Other Intangible Assets	1,105	894.02	895.1	896.18	897.26	905.84
Long-Term Accounts Receivable	-0	-0	0	-	-	-0
Long-Term Deferred Tax Assets	-	-	18.76	2,257	3,898	-
Other Long-Term Assets	398.76	414.25	612.85	748.87	230.34	564.36
Total Assets	250,542	261,166	401,702	445,232	447,440	451,461
Accounts Payable	3,368	442.93	442.94	497.21	631.88	541.84
Accrued Expenses	5,157	2,537	9,763	2,529	2,674	2,530
Short-Term Debt	60,267	66,706	72,146	72,819	73,992	45,808
Current Portion of Long-Term Debt	1,386	1,386	110,907	8,701	13,974	143,194
Current Portion of Leases	124.56	119.84	154.69	1,606	1,341	1,334
Current Income Taxes Payable	594.82	354.41	1,111	771.89	1,491	1,554
Other Current Liabilities	95,228	105,110	95,560	96,541	96,838	102,369
Total Current Liabilities	166,126	176,657	290,086	183,465	190,942	297,330
Long-Term Debt	3,049	3,271	12,424	120,434	119,333	24,479
Long-Term Leases	210.27	229.9	210.37	21,309	21,349	21,477
Pension & Post-Retirement Benefits	2,210	2,094	2,086	1,325	1,360	3,564
Long-Term Deferred Tax Liabilities	15,992	16,318	19,698	19,474	18,962	18,728
Other Long-Term Liabilities	10	34.93	94.36	154.07	98.11	1,180
Total Liabilities	187,596	198,604	324,599	346,162	352,043	366,757
Common Stock	4,597	4,597	4,597	4,597	4,597	4,597
Additional Paid-In Capital	2,042	2,042	3,493	3,493	3,493	3,493
Retained Earnings	65,538	65,266	69,512	74,890	71,972	68,412
Treasury Stock	-6,496	-6,496	-6,496	-5,886	-5,886	-5,886
Comprehensive Income & Other	-5,486	-5,486	-6,629	-7,293	-7,609	-7,782
Total Common Equity	60,193	59,922	64,475	69,800	66,565	62,833
Minority Interest	2,752	2,639	12,628	29,270	28,832	21,870
Shareholders' Equity	62,946	62,561	77,103	99,070	95,398	84,703
Total Liabilities & Equity	250,542	261,166	401,702	445,232	447,440	451,461
Total Debt	65,037	71,713	195,842	224,869	229,989	236,291
Net Cash (Debt)	-52,744	-47,961	-164,911	-196,261	-202,537	-206,679
Net Cash Per Share	-8226.95	-7483.86	-25458.60	-30154.43	-31118.74	-31755.05
Filing Date Shares Outstanding	6.42	6.41	6.41	6.51	6.51	6.51
Total Common Shares Outstanding	6.42	6.41	6.41	6.51	6.51	6.51
Working Capital	-128,171	-128,836	-229,774	-123,580	-138,206	-245,256
Book Value Per Share	9379.65	9350.30	10060.83	10724.41	10227.42	9654.02
Tangible Book Value	54,924	54,863	59,416	64,740	61,504	57,763
Tangible Book Value Per Share	8558.51	8560.98	9271.35	9946.88	9449.73	8875.02
Land	110,220	110,220	110,159	110,150	110,150	110,150
Buildings	71,443	71,267	266,598	280,672	277,441	275,525
Machinery	30,446	31,943	29,594	27,761	28,427	28,033
Construction In Progress	295.75	-	4,845	3,148	2,741	2,040