AJUSTEEL Co.,Ltd 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	42,452	43,871	21,554	21,869	25,762	13,740
Short-Term Investments	8,303	8,315	6,319	6,656	5,768	10,406
Cash & Short-Term Investments	50,756	52,187	27,873	28,525	31,530	24,146
Cash Growth	16.16%	87.23%	-2.29%	-9.53%	30.58%	7.32%
Accounts Receivable	149,377	138,384	113,416	115,097	111,461	154,910
Other Receivables	1,374	1,679	1,339	1,935	2,888	2,729
Receivables	150,750	140,062	118,655	117,033	114,349	157,642
Inventory	205,567	201,524	158,794	224,747	183,460	181,013
Prepaid Expenses	11,726	10,634	12,027	22,183	8,560	4,449
Other Current Assets	7,739	1,720	11,562	11,661	8,022	1,016
Total Current Assets	426,538	406,127	328,911	404,149	345,921	368,266
Property, Plant & Equipment	570,477	563,223	603,428	565,518	377,112	244,727
Long-Term Investments	540.42	540.42	533.93	911.22	1,331	1,190
Goodwill	182.22	182.22	182.22	2,880	2,880	2,880
Other Intangible Assets	3,298	3,270	4,417	5,230	3,532	1,723
Long-Term Accounts Receivable	-	-	262.77	-	36.72	41.46
Long-Term Deferred Tax Assets	12,232	11,721	8,709	3,422	1,131	879.24
Other Long-Term Assets	21,070	20,862	14,942	13,297	28,285	7,520
Total Assets	1,034,338	1,005,926	961,386	995,406	760,228	627,226
Accounts Payable	238,714	232,753	175,015	200,625	98,441	164,202
Accrued Expenses	8,020	7,463	14,777	12,402	6,964	8,118
Short-Term Debt	260,704	262,860	235,177	184,839	176,509	84,430
Current Portion of Long-Term Debt	132,778	128,838	109,290	61,488	31,047	8,595
Current Portion of Leases	2,442	1,137	1,195	1,699	268.2	567.21
Current Income Taxes Payable	1,395	810.76	5,177	5,749	9,545	6,920
Current Unearned Revenue	197.89	64.01	83.46	48.85	30.04	192.05
Other Current Liabilities	71,127	39,957	70,280	57,416	31,969	25,775
Total Current Liabilities	715,378	673,883	610,994	524,268	354,773	298,800
Long-Term Debt	163,234	175,145	222,803	267,544	149,694	71,014
Long-Term Leases	8,025	1,655	2,559	4,378	399.92	254.07
Pension & Post-Retirement Benefits	1,154	854.15	648.46	-	-0	1,288
Long-Term Deferred Tax Liabilities	7,999	8,257	3,343	3,358	2,552	11,726
Other Long-Term Liabilities	1,751	1,712	2,520	14,121	629.43	704.48
Total Liabilities	897,542	861,507	842,868	813,668	508,048	383,786
Common Stock	19,378	19,378	13,259	13,226	13,226	13,226
Additional Paid-In Capital	147,695	-0	-0	107,837	107,837	107,837
Retained Earnings	-88,557	-77,295	-37,226	71,452	104,260	100,958
Comprehensive Income & Other	58,720	202,336	142,486	33,003	16,317	13,434
Total Common Equity	136,797	144,419	118,518	225,518	241,639	235,454
Minority Interest	-	-	-	-49,695	-4,160	1,182
Shareholders' Equity	136,797	144,419	118,518	181,739	252,181	243,440
Total Liabilities & Equity	1,034,338	1,005,926	961,386	995,406	760,228	627,226
Total Debt	567,184	569,635	571,024	519,948	357,918	164,860
Net Cash (Debt)	-516,428	-517,448	-543,151	-491,423	-326,388	-140,713
Net Cash Per Share	-13560.51	-13728.69	-20515.57	-18577.78	-12338.80	-5896.50
Filing Date Shares Outstanding	38.7	37.88	26.52	26.45	26.45	26.45
Total Common Shares Outstanding	38.7	37.88	26.52	26.45	26.45	26.45
Working Capital	-288,841	-267,756	-282,083	-120,119	-8,851	69,466
Book Value Per Share	3534.70	3812.79	4469.40	8525.49	9134.93	8901.12
Tangible Book Value	133,316	140,967	113,919	217,409	235,227	230,851
Tangible Book Value Per Share	3444.77	3721.64	4295.94	8218.93	8892.53	8727.11
Land	101,793	100,757	91,655	83,808	61,206	48,706
Buildings	263,870	259,385	263,983	164,121	101,000	79,012
Machinery	381,482	394,892	414,382	301,075	186,581	163,665
Construction In Progress	1,454	1,794	1,229	167,726	136,442	45,988