Kwangmu 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	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	22,867	17,264	56,445	32,595	64,462	76,509
Short-Term Investments	2,000	13,712	120,000	39,321	-	-
Trading Asset Securities	135,726	115,597	-	-	-	-
Cash & Short-Term Investments	160,592	146,572	176,445	71,915	64,462	76,509
Cash Growth	-3.03%	-16.93%	145.35%	11.56%	-15.75%	786.85%
Accounts Receivable	1,050	1,120	1,042	8,091	49,895	5,922
Other Receivables	473.79	324.16	978.81	476.09	119.84	18.38
Receivables	7,849	6,021	5,521	9,567	50,015	5,940
Inventory	-	-	102.56	2.44	572.44	88.27
Prepaid Expenses	27.7	28.71	28.35	34.25	116.13	49.2
Other Current Assets	11,567	3,100	336.73	13,143	419.34	307.53
Total Current Assets	180,036	155,722	182,434	94,663	115,584	82,894
Property, Plant & Equipment	1,077	1,083	1,109	2,730	2,303	2,945
Long-Term Investments	59,221	66,017	88,338	24,436	10,263	9,489
Other Intangible Assets	1,395	1,811	1,999	792.85	461.85	253.37
Long-Term Accounts Receivable	0	0	-0	0	-0	-0
Other Long-Term Assets	6,824	6,809	7,323	7,054	7,359	8,462
Total Assets	248,553	231,441	281,203	129,677	135,972	104,044
Accounts Payable	478.34	467.65	565.72	661.18	12,428	3,181
Accrued Expenses	222.5	259.4	299.87	3,074	630.17	514.5
Short-Term Debt	1,347	1,043	19,026	8,081	39,576	41,244
Current Portion of Long-Term Debt	-	-	-	-	13.45	1,073
Current Portion of Leases	358.48	362.41	270.65	236.44	208.19	261
Current Income Taxes Payable	-	-	13,986	-	-	-
Other Current Liabilities	4,671	7,210	3,461	3,013	2,137	4,370
Total Current Liabilities	7,077	9,343	37,609	15,066	54,994	50,644
Long-Term Debt	-	-	-	-	438.5	578.5
Long-Term Leases	565.84	639.13	661.63	336.27	351.94	700.31
Pension & Post-Retirement Benefits	818.19	723.78	356.68	34.21	-	645.46
Long-Term Deferred Tax Liabilities	9,995	4,701	9,882	-	-	20.03
Other Long-Term Liabilities	108.64	106.83	491.87	461.97	91.96	495.61
Total Liabilities	18,565	15,514	49,001	15,899	55,876	53,084
Common Stock	31,818	31,818	27,514	23,944	18,856	11,396
Additional Paid-In Capital	116,040	115,747	102,166	90,304	68,836	40,005
Retained Earnings	82,541	68,773	103,077	86.29	-7,040	-111.14
Treasury Stock	-55.06	-55.06	-200.54	-200.54	-200.54	-185.8
Comprehensive Income & Other	-355.75	-355.75	-355.68	-355.68	-355.22	-360.73
Total Common Equity	229,988	215,927	232,201	113,778	80,096	50,743
Minority Interest	-	-	-	-	-	217.56
Shareholders' Equity	229,988	215,927	232,201	113,778	80,096	50,960
Total Liabilities & Equity	248,553	231,441	281,203	129,677	135,972	104,044
Total Debt	2,271	2,045	19,958	8,654	40,589	43,857
Net Cash (Debt)	158,321	144,527	156,487	63,261	23,873	32,651
Net Cash Growth	8.99%	-7.64%	147.36%	164.99%	-26.88%	2432.54%
Net Cash Per Share	2741.13	2562.69	2831.64	1231.35	831.84	1868.87
Filing Date Shares Outstanding	60.05	61.86	54.99	47.85	37.67	22.76
Total Common Shares Outstanding	60.05	61.86	54.99	47.85	37.67	22.76
Working Capital	172,959	146,379	144,825	79,597	60,591	32,250
Book Value Per Share	3830.10	3490.52	4222.55	2377.80	2126.06	2229.78
Tangible Book Value	228,593	214,116	230,203	112,985	79,634	50,489
Tangible Book Value Per Share	3806.87	3461.25	4186.20	2361.23	2113.80	2218.64
Land	121.97	121.97	121.97	121.97	121.97	121.97
Buildings	1,059	1,059	1,059	1,322	208.71	208.71
Machinery	792.39	792.39	1,462	1,775	3,850	3,751
Construction In Progress	-	-	-	-	464.98	447.73