Shinhan Seobu T&D REIT Balance Sheet

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	26,958	22,788	40,405	14,777	17,390
Short-Term Investments	12,542	16,570	18,570	13,500	17,500
Cash & Short-Term Investments	39,501	39,358	58,975	28,277	34,890
Cash Growth	0.36%	-33.26%	108.56%	-18.95%	-12.69%
Accounts Receivable	3,627	3,344	2,611	1,697	1,734
Other Receivables	541.78	777.2	1,133	370.71	80.17
Receivables	4,169	4,121	3,744	2,068	1,814
Prepaid Expenses	105.68	4,286	96.15	81.14	147.95
Other Current Assets	90.66	56.74	119.57	1,835	125.74
Total Current Assets	43,865	47,821	62,935	32,261	36,978
Long-Term Investments	439.42	714.54	275.12	35,629	-
Other Long-Term Assets	1,045,940	1,051,429	905,230	580,201	584,532
Total Assets	1,090,245	1,099,964	968,440	648,091	621,509
Accrued Expenses	2,423	5,602	2,151	3,041	1,286
Short-Term Debt	43,848	59,331	53,785	-	-
Current Portion of Long-Term Debt	422,802	199,283	-	71,945	71,881
Current Unearned Revenue	5,903	4,445	5,277	2,932	5,019
Other Current Liabilities	31,070	29,580	24,987	1,651	1,578
Total Current Liabilities	506,046	298,241	86,199	79,569	79,763
Long-Term Debt	192,914	415,578	513,173	273,660	241,389
Long-Term Unearned Revenue	9,156	11,044	13,516	14,457	15,613
Other Long-Term Liabilities	29,469	28,391	27,718	25,512	25,121
Total Liabilities	737,586	753,254	640,607	393,198	361,887
Common Stock	59,104	56,256	55,956	55,956	55,956
Additional Paid-In Capital	228,673	221,837	222,190	222,190	217,968
Retained Earnings	-34,822	-29,460	-19,584	-23,253	-14,301
Comprehensive Income & Other	-	-0	-0	-0	-
Total Common Equity	252,955	248,633	258,561	254,893	259,622
Minority Interest	99,704	98,077	69,272	-	-
Shareholders' Equity	352,659	346,710	327,833	254,893	259,622
Total Liabilities & Equity	1,090,245	1,099,964	968,440	648,091	621,509
Total Debt	659,564	674,192	566,958	345,605	313,270
Net Cash (Debt)	-620,064	-634,834	-507,983	-317,328	-278,379
Net Cash Per Share	-10804.49	-11337.87	-9078.28	-5671.04	-4974.98
Filing Date Shares Outstanding	57.39	56.26	55.96	55.96	55.96
Total Common Shares Outstanding	57.39	56.26	55.96	55.96	55.96
Working Capital	-462,181	-250,420	-23,265	-47,308	-42,786
Book Value Per Share	4407.70	4419.69	4620.81	4555.25	4639.77
Tangible Book Value	252,955	248,633	258,561	254,893	259,622
Tangible Book Value Per Share	4407.70	4419.69	4620.81	4555.25	4639.77

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