LS Marine Solution Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2012	FY 2011
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '12 Dec 31, 2012	Dec '11 Dec 31, 2011
Cash & Equivalents	73,564	78,467	34,243	2,917	16,980
Short-Term Investments	286,100	959.86	-0	1,006	4,991
Cash & Short-Term Investments	359,663	79,427	34,243	3,924	21,971
Cash Growth	352.82%	131.95%	772.74%	-82.14%	-18.41%
Accounts Receivable	76,139	73,523	25,173	12,812	24,860
Receivables	76,139	73,523	25,173	12,812	24,860
Inventory	1,069	1,624	1,860	163.1	1,229
Prepaid Expenses	1,741	2,930	2,595	-	-
Other Current Assets	24,865	6,202	2,896	17,754	8,638
Total Current Assets	463,478	163,704	66,767	34,652	56,698
Property, Plant & Equipment	141,993	78,635	74,599	71,946	67,340
Long-Term Investments	115,471	1,254	430.86	293.43	291.36
Goodwill	4,479	4,479	-	-	-
Other Intangible Assets	331.64	429.07	490	1,045	1,109
Long-Term Accounts Receivable	-0	-0	-0	1,851	1,625
Long-Term Deferred Tax Assets	1,447	2,594	1,367	-	-
Long-Term Deferred Charges	0.02	0.02	-	-	-
Other Long-Term Assets	11,837	3,173	3,075	-	-
Total Assets	739,037	254,270	146,728	109,787	127,063
Accounts Payable	19,087	7,436	-	5,088	12,515
Accrued Expenses	2,900	2,570	2,168	-	-
Short-Term Debt	-	-	-	10,387	12,363
Current Portion of Leases	702.59	388.15	200.76	-	-
Current Income Taxes Payable	115.43	3,117	2,109	772.15	254.23
Current Unearned Revenue	12,380	5,743	-	-	-
Other Current Liabilities	29,325	24,475	19,413	3,296	10,087
Total Current Liabilities	64,511	43,729	23,891	19,542	35,220
Long-Term Debt	34,932	-	-	2,356	11,210
Long-Term Leases	1,089	1,264	97.05	-	-
Pension & Post-Retirement Benefits	68.08	-	-	621.46	333.02
Long-Term Deferred Tax Liabilities	365.06	-	-	2,308	1,165
Other Long-Term Liabilities	9,999	1,120	109.53	208.56	77.04
Total Liabilities	110,964	46,112	24,098	25,037	48,004
Common Stock	52,239	32,669	25,938	21,900	21,900
Additional Paid-In Capital	501,081	103,368	33,814	12,856	12,856
Retained Earnings	76,572	73,940	64,697	51,811	46,119
Treasury Stock	-1,819	-1,819	-1,819	-1,819	-1,819
Comprehensive Income & Other	0	0	-0	2.86	2.86
Shareholders' Equity	628,073	208,157	122,630	84,750	79,059
Total Liabilities & Equity	739,037	254,270	146,728	109,787	127,063
Total Debt	36,724	1,652	297.81	12,743	23,573
Net Cash (Debt)	322,939	77,775	33,945	-8,819	-1,602
Net Cash Growth	315.22%	129.12%	-	-	-
Net Cash Per Share	8270.27	2880.50	1380.31	-429.00	-77.97
Filing Date Shares Outstanding	50.74	31.32	24.59	20.6	20.57
Total Common Shares Outstanding	50.74	31.32	24.59	20.6	20.57
Working Capital	398,967	119,976	42,876	15,110	21,478
Book Value Per Share	12377.07	6645.51	4986.52	4114.90	3843.76
Tangible Book Value	623,262	203,249	122,140	83,705	77,950
Tangible Book Value Per Share	12282.26	6488.80	4966.59	4064.16	3789.85
Land	6,062	6,062	6,062	-	-
Buildings	9,677	9,677	7,871	-	-
Machinery	192,840	189,993	174,329	-	-
Construction In Progress	69,491	739.06	4,369	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.