Satrec Initiative Co., Ltd. (KOSDAQ:099320)

Satrec Initiative Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	35,817	125,267	102,777	90,395	114,633	21,187
Short-Term Investments	10,192	47,970	7,530	46,864	27,027	14,812
Cash & Short-Term Investments	46,009	173,238	110,307	137,259	141,660	35,999
Cash Growth	-58.36%	57.05%	-19.64%	-3.11%	293.51%	14.16%
Accounts Receivable	7,133	752.2	4,625	15,252	2,002	2,863
Other Receivables	826.05	742.65	187.88	568.26	382.14	205.97
Receivables	9,574	3,095	6,392	17,161	3,274	4,109
Inventory	50,345	27,919	18,326	12,082	9,130	6,864
Prepaid Expenses	1,355	1,003	1,039	576.54	216.88	528.81
Other Current Assets	97,871	83,833	30,273	26,711	30,245	19,213
Total Current Assets	205,155	289,087	166,338	193,789	184,525	66,714
Property, Plant & Equipment	105,227	97,031	86,967	42,531	24,812	22,741
Long-Term Investments	3,795	3,790	3,763	2,333	1,566	1,293
Other Intangible Assets	4,267	3,596	5,300	1,941	1,713	1,114
Long-Term Deferred Tax Assets	42,436	41,906	37,056	3,053	6,485	1,909
Long-Term Deferred Charges	8,696	8,122	7,046	6,956	4,954	10,503
Other Long-Term Assets	37.89	527.53	4,025	5,053	3,785	1,511
Total Assets	371,733	446,985	313,828	258,780	230,111	107,500
Accounts Payable	4,583	6,530	1,666	1,696	1,362	399.18
Accrued Expenses	13,248	3,132	3,562	2,923	1,842	1,711
Short-Term Debt	5,500	7,500	-	800	0.22	152.91
Current Portion of Leases	26.86	15.3	212.7	139.47	98.7	24.51
Current Income Taxes Payable	1,316	810.5	1,969	-	651.45	1,381
Other Current Liabilities	97,576	186,406	73,600	55,243	23,115	24,526
Total Current Liabilities	122,250	204,394	81,009	60,802	27,070	28,194
Long-Term Debt	-	-	3,433	51,773	52,427	1,902
Long-Term Leases	5.6	5.08	32.31	138.08	68.36	19.1
Other Long-Term Liabilities	14,056	13,189	10,112	22,483	32,489	3,595
Total Liabilities	136,311	217,588	94,586	135,196	112,055	33,710
Common Stock	5,476	5,476	5,476	4,543	4,543	3,634
Additional Paid-In Capital	138,326	138,326	126,681	74,328	70,711	12,724
Retained Earnings	97,130	91,748	85,480	42,325	45,853	59,845
Treasury Stock	-	-	-	-	-2,841	-2,841
Comprehensive Income & Other	219.13	219.13	219.13	-297	184	-263.24
Total Common Equity	241,151	235,769	217,856	120,898	118,449	73,098
Minority Interest	-11,973	-11,747	399.84	267.06	-393.08	691.37
Shareholders' Equity	235,422	229,396	219,242	123,584	118,056	73,790
Total Liabilities & Equity	371,733	446,985	313,828	258,780	230,111	107,500
Total Debt	5,532	7,520	3,678	52,851	52,595	2,098
Net Cash (Debt)	40,477	165,717	106,629	84,408	89,065	33,901
Net Cash Growth	-60.66%	55.41%	26.33%	-5.23%	162.72%	13.89%
Net Cash Per Share	3698.39	15132.23	9736.69	7754.98	10710.45	4728.56
Filing Date Shares Outstanding	10.97	10.95	10.95	9.09	8.96	7.15
Total Common Shares Outstanding	10.97	10.95	10.95	9.09	8.96	7.15
Working Capital	82,905	84,693	85,329	132,988	157,456	38,520
Book Value Per Share	21977.35	21528.87	19893.20	13306.59	13215.50	10229.56
Tangible Book Value	236,884	232,173	212,556	118,958	116,736	71,985
Tangible Book Value Per Share	21588.51	21200.51	19409.27	13092.99	13024.37	10073.73
Land	8,210	8,210	8,113	3,099	3,099	3,099
Buildings	46,170	45,950	44,895	19,295	19,295	19,295
Machinery	21,891	19,673	18,979	17,245	15,976	14,158
Construction In Progress	51,793	43,584	34,088	20,963	2,452	481.48

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.