Hwaseung R&A 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
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
Cash & Equivalents	16,121	5,473	10,022	6,812	4,976
Short-Term Investments	-	-	10.14	-	-
Cash & Short-Term Investments	16,121	5,473	10,032	6,812	4,976
Cash Growth	125.65%	-45.45%	47.28%	36.88%	-
Accounts Receivable	148,912	152,573	129,240	126,775	118,740
Other Receivables	4,315	9,727	4,155	6,968	3,294
Receivables	153,227	162,300	133,395	133,743	122,034
Inventory	53,559	44,627	37,273	33,975	42,163
Prepaid Expenses	7,158	5,663	4,691	4,309	3,125
Other Current Assets	1,408	1,311	978.06	797.08	1,703
Total Current Assets	231,473	219,373	186,368	179,635	174,002
Property, Plant & Equipment	171,456	171,842	158,172	161,904	171,497
Long-Term Investments	2,298	3,510	3,355	4,267	2,424
Other Intangible Assets	1,682	1,981	1,584	1,443	2,515
Long-Term Accounts Receivable	15,234	24,272	27,257	27,626	23,587
Other Long-Term Assets	48,881	48,891	54,037	47,695	28,050
Total Assets	471,023	469,868	430,774	422,569	402,076
Accounts Payable	83,493	81,744	99,732	91,164	79,043
Accrued Expenses	9,227	6,538	7,774	5,405	4,966
Short-Term Debt	120,200	130,978	103,089	119,213	160,736
Current Portion of Long-Term Debt	32,800	1,100	11,300	51,058	6,249
Current Portion of Leases	1,474	1,532	1,444	166.05	36.9
Current Income Taxes Payable	3,502	8,537	5,386	2,518	420.09
Other Current Liabilities	32,430	34,711	34,772	25,157	22,318
Total Current Liabilities	283,126	265,140	263,498	294,681	273,770
Long-Term Debt	4,200	31,742	33,442	14,742	40,400
Long-Term Leases	626.04	1,682	112.88	181.26	4.1
Pension & Post-Retirement Benefits	10,563	7,912	7,323	4,716	16,786
Long-Term Deferred Tax Liabilities	7,796	9,531	10,852	12,540	7,234
Other Long-Term Liabilities	3,630	3,386	3,028	3,049	3,585
Total Liabilities	309,940	319,392	318,256	329,909	341,779
Common Stock	9,497	9,497	9,497	9,497	9,497
Additional Paid-In Capital	14,632	14,632	14,632	14,632	14,632
Retained Earnings	90,999	80,344	51,307	32,951	8,750
Treasury Stock	-22.12	-22.12	-22.12	-22.12	-22.12
Comprehensive Income & Other	45,976	46,025	37,104	35,603	27,440
Shareholders' Equity	161,082	150,476	112,518	92,661	60,297
Total Liabilities & Equity	471,023	469,868	430,774	422,569	402,076
Total Debt	159,300	167,034	149,388	185,360	207,427
Net Cash (Debt)	-143,179	-161,561	-139,356	-178,548	-202,450
Net Cash Per Share	-7536.23	-8507.34	-7338.06	-9401.84	-10660.44
Filing Date Shares Outstanding	18.99	18.99	18.99	18.99	18.99
Total Common Shares Outstanding	18.99	18.99	18.99	18.99	18.99
Working Capital	-51,653	-45,766	-77,129	-115,047	-99,768
Book Value Per Share	8484.16	7923.62	5924.88	4879.23	3175.05
Tangible Book Value	159,401	148,495	110,934	91,218	57,782
Tangible Book Value Per Share	8395.58	7819.32	5841.48	4803.27	3042.63
Land	-	91,157	80,277	80,241	79,201
Buildings	-	43,478	43,147	44,407	44,129
Machinery	-	227,725	219,532	217,557	215,645
Construction In Progress	-	1,396	646.72	172	-

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