Hanwha Ocean 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	Jun '26 Jun 30, 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	1,446,204	778,471	588,260	1,799,308	659,721	1,778,940
Short-Term Investments	25,464	10,204	15,055	124,948	492,238	310,693
Trading Asset Securities	-	-	30,949	-	16	-
Cash & Short-Term Investments	1,471,669	788,675	634,263	1,924,256	1,151,976	2,089,632
Cash Growth	40.59%	24.34%	-67.04%	67.04%	-44.87%	47.84%
Accounts Receivable	534,866	645,566	664,330	295,490	323,868	256,615
Other Receivables	77,776	239,929	226,274	35,769	18,818	26,013
Receivables	616,141	888,596	892,768	331,362	342,686	282,628
Inventory	1,583,622	3,040,399	2,779,695	2,890,783	2,202,076	1,139,096
Prepaid Expenses	66,097	61,759	101,173	68,384	49,588	24,198
Other Current Assets	7,619,024	7,302,726	6,838,134	4,002,739	4,075,856	2,783,561
Total Current Assets	11,356,552	12,082,155	11,246,034	9,217,524	7,822,182	6,319,115
Property, Plant & Equipment	5,697,573	5,411,346	4,781,395	4,138,732	3,858,265	3,552,205
Long-Term Investments	1,494,147	1,191,194	578,855	43,733	43,941	237,154
Goodwill	292,790	292,790	354,567	-	-	-
Other Intangible Assets	56,075	65,577	36,381	4,344	1,010	926.78
Long-Term Accounts Receivable	-	1,764	4,643	20,934	12,610	9,489
Long-Term Deferred Tax Assets	965,855	949,985	506,574	164,101	267.52	352.58
Long-Term Deferred Charges	3,574	4,030	3,192	-	522	281
Other Long-Term Assets	279,418	141,852	332,167	355,405	496,868	503,685
Total Assets	20,146,187	20,140,914	17,843,809	13,944,773	12,235,665	10,623,210

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	857,981	937,664	984,981	892,709	616,967	467,169
Accrued Expenses	310,297	255,674	174,121	105,945	107,602	36,859
Short-Term Debt	3,121,780	3,055,132	3,195,312	485,747	1,314,872	1,137,946
Current Portion of Long-Term Debt	265,618	244,923	42,432	40,703	1,304,098	1,329,495
Current Portion of Leases	40,802	37,084	30,464	23,280	20,405	16,874
Current Income Taxes Payable	2,855	4,896	3,008	837.31	1,387	2,336
Current Unearned Revenue	-	-	1	223	577	257
Other Current Liabilities	4,765,148	6,665,126	5,916,296	5,910,000	7,306,578	4,473,531
Total Current Liabilities	9,364,480	11,200,499	10,346,614	7,459,444	10,672,486	7,464,468
Long-Term Debt	2,650,095	2,346,290	2,028,126	1,664,742	99,715	234,256
Long-Term Leases	109,164	93,427	98,270	51,346	48,605	61,167
Pension & Post-Retirement Benefits	61,458	12,242	144,600	51,811	380.31	6,471
Long-Term Deferred Tax Liabilities	37,843	34,406	22,815	19,852	118,976	63,892
Other Long-Term Liabilities	394,935	279,043	340,034	385,420	550,531	575,372
Total Liabilities	12,617,975	13,965,907	12,980,459	9,632,616	11,490,693	8,405,626

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	1,537,067	1,537,067	1,537,067	1,536,794	541,453	541,453
Additional Paid-In Capital	198,216	171,001	107,822	2,729,363	-738.1	17,655
Retained Earnings	2,703,670	1,551,926	236,448	-2,868,157	-2,700,711	-1,001,276
Treasury Stock	-5,839	-726	-726	-726	-726	-726.1
Comprehensive Income & Other	3,090,299	2,910,983	2,978,065	2,910,179	2,905,694	2,660,477
Total Common Equity	7,523,412	6,170,252	4,858,676	4,307,453	744,972	2,217,583
Minority Interest	4,800	4,755	4,674	4,704	-	-
Shareholders' Equity	7,528,212	6,175,007	4,863,350	4,312,157	744,972	2,217,583
Total Liabilities & Equity	20,146,187	20,140,914	17,843,809	13,944,773	12,235,665	10,623,210

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	6,187,459	5,776,857	5,394,605	2,265,818	2,787,696	2,779,738
Net Cash (Debt)	-4,715,790	-4,988,181	-4,760,341	-341,563	-1,635,720	-690,106
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-12896.07	-13648.28	-13062.26	-1407.66	-15247.99	-6433.09
Filing Date Shares Outstanding	306.36	306.4	306.4	306.34	107.27	107.27
Total Common Shares Outstanding	306.36	306.4	306.4	306.34	107.27	107.27
Working Capital	1,992,072	881,656	899,420	1,758,080	-2,850,305	-1,145,353
Book Value Per Share	24557.60	20138.08	15857.44	14060.90	6944.54	20672.05
Tangible Book Value	7,174,547	5,811,884	4,467,728	4,303,109	743,962	2,216,657
Tangible Book Value Per Share	23418.85	18968.46	14581.49	14046.72	6935.12	20663.41
Land	2,288,162	2,288,288	2,271,178	2,211,693	2,082,541	1,714,672
Buildings	2,728,462	2,686,697	2,570,104	2,477,873	2,296,011	2,307,597
Machinery	1,444,402	1,373,316	1,263,969	1,133,927	1,793,683	1,761,188
Construction In Progress	605,011	380,026	431,461	69,539	38,630	32,429