GSE Co., Ltd. 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	11,640	5,786	7,144	4,645	9,099	7,301
Short-Term Investments	202.98	181.18	165.4	165.86	212.57	155
Trading Asset Securities	8,740	8,739	8,136	5,476	1,007	3,002
Cash & Short-Term Investments	20,583	14,706	15,446	10,286	10,319	10,457
Cash Growth	25.44%	-4.79%	50.16%	-0.32%	-1.32%	261.26%
Accounts Receivable	0	25,361	26,901	33,785	39,245	20,872
Other Receivables	-	8,931	8,359	4,745	745.38	6,913
Receivables	990.64	35,284	45,653	50,955	52,402	27,956
Inventory	131.2	148.71	165.49	173.29	175.13	209.85
Prepaid Expenses	35.76	36.64	45.61	43.96	36.45	67.88
Other Current Assets	40,902	84.29	1.3	3,300	535.73	312.97
Total Current Assets	62,643	50,260	61,311	64,759	63,468	39,004
Property, Plant & Equipment	143,890	144,226	145,404	142,532	139,123	138,853
Long-Term Investments	-	193.8	425.3	406.42	386.79	363.41
Other Intangible Assets	1,479	1,402	1,514	1,059	1,057	926.21
Other Long-Term Assets	29,557	29,337	29,267	178.2	178.2	178.3
Total Assets	246,481	234,305	238,382	209,399	204,667	179,710
Accounts Payable	-	34,980	35,915	38,822	43,018	28,866
Accrued Expenses	-	155.36	204.39	157.43	214.9	167.17
Short-Term Debt	32,000	32,000	34,500	8,500	8,000	8,149
Current Portion of Long-Term Debt	1,686	1,628	1,405	1,299	1,269	1,146
Current Portion of Leases	170.42	176.04	159.37	146.33	68.65	97.76
Current Income Taxes Payable	904.48	466.79	468.28	-	-	-
Current Unearned Revenue	-	-	-	77.74	1,195	-
Other Current Liabilities	45,597	4,182	4,299	3,074	2,055	2,532
Total Current Liabilities	80,357	73,588	76,951	52,077	55,820	40,959
Long-Term Debt	15,277	15,720	16,246	16,233	15,365	14,309
Long-Term Leases	140.73	180.51	230.68	274.15	77.61	105.67
Long-Term Unearned Revenue	-	-	-	38,947	36,774	32,833
Pension & Post-Retirement Benefits	3,553	3,630	4,361	3,191	2,651	3,894
Long-Term Deferred Tax Liabilities	5,143	4,773	4,663	5,864	5,117	4,174
Other Long-Term Liabilities	41,521	39,359	41,535	204.75	243.21	201.99
Total Liabilities	145,993	137,250	143,988	116,791	116,047	96,476
Common Stock	15,304	15,304	15,304	15,304	15,304	15,304
Additional Paid-In Capital	21,005	21,005	21,005	21,005	21,005	21,005
Retained Earnings	52,897	49,463	46,802	45,017	41,028	35,642
Comprehensive Income & Other	11,283	11,283	11,283	11,283	11,283	11,283
Shareholders' Equity	100,489	97,055	94,394	92,609	88,620	83,233
Total Liabilities & Equity	246,481	234,305	238,382	209,399	204,667	179,710
Total Debt	49,274	49,705	52,541	26,452	24,780	23,808
Net Cash (Debt)	-28,691	-34,998	-37,096	-16,166	-14,461	-13,350
Net Cash Per Share	-	-1167.09	-1237.03	-539.09	-482.24	-471.86
Filing Date Shares Outstanding	-	29.99	29.99	29.99	29.99	29.99
Total Common Shares Outstanding	-	29.99	29.99	29.99	29.99	29.99
Working Capital	-17,715	-23,327	-15,640	12,682	7,648	-1,955
Book Value Per Share	-	3236.50	3147.76	3088.23	2955.22	2775.59
Tangible Book Value	99,010	95,653	92,880	91,550	87,563	82,307
Tangible Book Value Per Share	-	3189.76	3097.28	3052.92	2919.97	2744.70
Land	-	4,546	4,546	4,546	4,546	6,591
Buildings	-	5,525	5,525	5,525	5,521	5,809
Machinery	-	243,039	231,796	219,278	210,377	198,053
Construction In Progress	-	1,506	4,347	4,774	1,948	3,564