PIECE PEACE STUDIO Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	49,761	50,770	19,556	26,393
Short-Term Investments	107	112	548	477.72
Cash & Short-Term Investments	49,868	50,882	20,104	26,871
Cash Growth	-	153.09%	-25.18%	-
Accounts Receivable	7,243	7,043	10,317	8,058
Other Receivables	199.71	380.51	1,104	877.78
Receivables	7,442	7,424	11,621	9,969
Inventory	10,685	13,536	26,843	10,336
Prepaid Expenses	3,261	354.19	485.46	213.14
Other Current Assets	4,854	386.23	281.93	344.86
Total Current Assets	76,111	72,581	59,336	47,734
Property, Plant & Equipment	62,822	63,522	56,036	26,485
Long-Term Investments	0	-0	-0	63.7
Goodwill	290.19	290.19	290.19	158.82
Other Intangible Assets	1,374	1,507	1,669	2,243
Long-Term Deferred Tax Assets	2,412	2,752	938.54	18.78
Other Long-Term Assets	1,929	1,879	8,886	8,818
Total Assets	144,939	142,532	127,156	85,521
Accounts Payable	999.45	1,787	1,400	1,129
Accrued Expenses	566.59	879.06	893.33	260.65
Short-Term Debt	-	-	65.34	300
Current Portion of Long-Term Debt	14,500	14,500	50.15	-
Current Portion of Leases	1,453	1,441	637.19	717.64
Current Income Taxes Payable	933.98	18.27	4,953	3,874
Other Current Liabilities	3,264	3,234	23,721	16,503
Total Current Liabilities	21,716	21,860	31,720	22,785
Long-Term Debt	2,700	2,700	18,650	8,700
Long-Term Leases	4,183	4,463	1,589	364.81
Pension & Post-Retirement Benefits	-	-	51.15	-
Long-Term Deferred Tax Liabilities	-	-	-	2.47
Other Long-Term Liabilities	292.2	286.82	82.95	34.25
Total Liabilities	28,891	29,309	52,092	31,886
Common Stock	1,202	1,202	61.59	61.59
Additional Paid-In Capital	42,539	42,539	2,465	2,465
Retained Earnings	65,481	63,447	52,043	34,439
Comprehensive Income & Other	6,825	6,035	2,279	0
Total Common Equity	116,048	113,222	56,848	36,966
Minority Interest	-	-	-987.89	-393.63
Shareholders' Equity	116,048	113,222	75,063	53,635
Total Liabilities & Equity	144,939	142,532	127,156	85,521
Total Debt	22,835	23,103	20,991	10,082
Net Cash (Debt)	27,033	27,778	-887.31	16,788
Net Cash Per Share	2465.47	2679.42	-88.31	-
Filing Date Shares Outstanding	12.04	10.01	9.86	0.02
Total Common Shares Outstanding	12.04	10.01	9.86	0.02
Working Capital	54,395	50,721	27,616	24,949
Book Value Per Share	9638.44	11308.39	5767.77	2459981.61
Tangible Book Value	114,383	111,426	54,889	34,564
Tangible Book Value Per Share	9500.18	11128.93	5569.00	2300154.57
Land	30,974	24,689	22,932	-
Buildings	19,386	16,853	16,853	-
Machinery	1,446	1,379	1,092	466.11
Construction In Progress	429.66	9,110	8,829	23,176