Bitmax 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	28,120	3,173	10,004	15,249	14,094
Short-Term Investments	5,020	88.55	18,590	42,593	-
Cash & Short-Term Investments	33,140	3,261	28,594	57,842	14,094
Cash Growth	249.74%	-88.59%	-50.57%	310.42%	-
Accounts Receivable	1,114	2,516	199.65	284.84	519.96
Other Receivables	52.57	39.88	277.6	414.97	88.77
Receivables	1,220	4,037	477.25	699.82	608.72
Prepaid Expenses	358.45	438.42	329.52	35.15	24.33
Other Current Assets	10,242	1,903	10,195	2,395	656.03
Total Current Assets	44,960	9,640	39,596	60,972	15,383
Property, Plant & Equipment	894.22	2,754	2,842	2,323	1,630
Long-Term Investments	1,437	736.79	5,602	-0	-0
Goodwill	10,873	10,873	1,473	1,473	-
Other Intangible Assets	90,463	2,917	38.96	37.51	28.26
Long-Term Deferred Tax Assets	876.17	681.57	-	-	-
Long-Term Deferred Charges	40.18	132.47	1,251	1,444	1,117
Other Long-Term Assets	359.92	808.56	833.51	664.99	401.72
Total Assets	149,903	28,543	51,636	66,914	18,560
Accounts Payable	1,323	1,508	-	-	-
Accrued Expenses	1,179	1,032	632.32	489.91	331.73
Short-Term Debt	105,136	3,197	9,998	8,601	64
Current Portion of Long-Term Debt	800	800	-	-	-
Current Portion of Leases	586.45	1,102	698.28	500.08	323.1
Other Current Liabilities	8,376	2,043	12,728	17,600	1,080
Total Current Liabilities	117,400	9,683	24,056	27,190	1,799
Long-Term Debt	1,600	2,400	-	-	-
Long-Term Leases	55.36	1,038	1,308	1,130	862.52
Pension & Post-Retirement Benefits	-	-	-	75.6	-
Long-Term Deferred Tax Liabilities	564.93	598.16	-	1.09	-
Other Long-Term Liabilities	498.57	565.54	753.39	526.89	365.81
Total Liabilities	120,119	14,284	26,118	28,924	3,027
Common Stock	18,616	15,135	9,785	9,785	4,271
Additional Paid-In Capital	161,872	80,735	70,069	71,316	39,709
Retained Earnings	-160,171	-84,315	-57,412	-44,183	-29,277
Comprehensive Income & Other	9,473	2,695	3,076	1,306	829.73
Total Common Equity	29,790	14,250	25,518	38,224	15,533
Minority Interest	-5.66	8.47	-	-234.39	-
Shareholders' Equity	29,784	14,259	25,518	37,990	15,533
Total Liabilities & Equity	149,903	28,543	51,636	66,914	18,560
Total Debt	108,178	8,537	12,004	10,231	1,250
Net Cash (Debt)	-75,038	-5,276	16,590	47,611	12,844
Net Cash Growth	-	-	-65.16%	270.69%	-
Net Cash Per Share	-2244.75	-252.26	847.68	2524.86	808.14
Filing Date Shares Outstanding	37.23	30.27	19.57	19.57	17.08
Total Common Shares Outstanding	37.23	30.27	19.57	19.57	17.08
Working Capital	-72,441	-42.94	15,539	33,781	13,584
Book Value Per Share	800.12	470.76	1303.88	1953.12	909.14
Tangible Book Value	-71,547	460.3	24,006	36,714	15,504
Tangible Book Value Per Share	-1921.69	15.21	1226.64	1875.96	907.49
Machinery	1,240	1,442	1,216	857.1	424.37
Construction In Progress	-	-	-	-	55

Source: S&P Capital IQ. Standard template. Financial Sources.