Shinhan Alpha REIT Balance Sheet

Financials in millions KRW. Fiscal year is April - March.

Millions KRW. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2025	FY 2024	FY 2024
Period Ending	Mar '26 Mar 31, 2026	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Sep '24 Sep 30, 2024	Mar '24 Mar 31, 2024
Cash & Equivalents	92,876	98,998	93,053	45,365	102,038
Short-Term Investments	8,065	4,072	4,953	3,136	1,593
Cash & Short-Term Investments	100,941	103,070	98,007	48,501	103,631
Cash Growth	-2.07%	5.17%	102.07%	-53.20%	-6.54%
Accounts Receivable	-0	-	-	5.58	22.16
Other Receivables	1,400	1,203	1,353	1,499	1,590
Receivables	1,400	1,203	1,353	1,504	1,612
Prepaid Expenses	978.55	1,393	740.26	768.04	659.54
Other Current Assets	480.55	255.95	403.96	350.12	396.6
Total Current Assets	103,799	105,922	100,504	51,123	106,299
Long-Term Investments	32,574	35,167	36,872	30,303	30,373
Other Long-Term Assets	2,995,302	3,003,829	2,524,794	2,077,376	1,867,621
Total Assets	3,131,675	3,144,917	2,662,170	2,158,802	2,004,293
Accrued Expenses	6,562	6,637	6,405	4,543	4,566
Short-Term Debt	170,000	170,000	-	71,500	-
Current Portion of Long-Term Debt	841,241	918,413	497,624	317,069	-
Current Portion of Leases	-	-	-	10.99	27.28
Current Unearned Revenue	2,183	2,352	2,068	1,947	1,605
Other Current Liabilities	32,529	28,677	15,578	12,652	12,897
Total Current Liabilities	1,052,515	1,126,079	521,675	407,722	19,096
Long-Term Debt	1,220,389	1,142,158	1,249,561	1,150,562	1,336,099
Long-Term Unearned Revenue	2,725	3,342	3,503	3,741	3,429
Other Long-Term Liabilities	54,471	59,399	59,590	56,688	50,479
Total Liabilities	2,330,100	2,330,979	1,834,329	1,618,713	1,409,103
Common Stock	120,940	120,940	120,940	88,100	88,100
Additional Paid-In Capital	593,235	593,235	593,235	441,908	441,908
Retained Earnings	-93,838	-82,262	-66,443	-52,921	2,175
Comprehensive Income & Other	-535.21	-535.21	-535.21	-535.21	-535.21
Total Common Equity	619,802	631,379	647,197	476,551	531,648
Minority Interest	177,773	178,560	176,644	59,537	59,541
Shareholders' Equity	801,575	813,938	827,841	540,088	595,190
Total Liabilities & Equity	3,131,675	3,144,917	2,662,170	2,158,802	2,004,293
Total Debt	2,231,630	2,230,571	1,747,184	1,539,142	1,336,126
Net Cash (Debt)	-2,130,689	-2,127,501	-1,649,178	-1,490,641	-1,232,496
Net Cash Per Share	-15114.10	-17591.36	-11966.54	-16919.86	-13989.72
Filing Date Shares Outstanding	140.97	120.94	120.94	88.1	88.1
Total Common Shares Outstanding	140.97	120.94	120.94	88.1	88.1
Working Capital	-948,716	-1,020,158	-421,171	-356,599	87,203
Book Value Per Share	4396.59	5220.59	5351.38	5409.20	6034.59
Tangible Book Value	619,802	631,379	647,197	476,551	531,648
Tangible Book Value Per Share	4396.59	5220.59	5351.38	5409.20	6034.59