LS Marine Solution Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2012	FY 2011
Period Ending	Mar '26 Mar 31, 2026	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	114,938	73,564	78,467	34,243	2,917	16,980
Short-Term Investments	116,713	286,100	959.86	-0	1,006	4,991
Cash & Short-Term Investments	231,650	359,663	79,427	34,243	3,924	21,971
Cash Growth	129.28%	352.82%	131.95%	772.74%	-82.14%	-18.41%
Accounts Receivable	67,001	76,139	73,523	25,173	12,812	24,860
Receivables	67,001	76,139	73,523	25,173	12,812	24,860
Inventory	2,202	1,069	1,624	1,860	163.1	1,229
Prepaid Expenses	3,555	1,741	2,930	2,595	-	-
Other Current Assets	176,138	24,865	6,202	2,896	17,754	8,638
Total Current Assets	480,546	463,478	163,704	66,767	34,652	56,698
Property, Plant & Equipment	147,240	141,993	78,635	74,599	71,946	67,340
Long-Term Investments	115,470	115,471	1,254	430.86	293.43	291.36
Goodwill	4,479	4,479	4,479	-	-	-
Other Intangible Assets	308.79	331.64	429.07	490	1,045	1,109
Long-Term Accounts Receivable	0	-0	-0	-0	1,851	1,625
Long-Term Deferred Tax Assets	1,447	1,447	2,594	1,367	-	-
Long-Term Deferred Charges	0.02	0.02	0.02	-	-	-
Other Long-Term Assets	18,735	11,837	3,173	3,075	-	-
Total Assets	768,227	739,037	254,270	146,728	109,787	127,063

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2012	FY 2011
Period Ending	Mar '26 Mar 31, 2026	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
Accounts Payable	18,164	19,087	7,436	-	5,088	12,515
Accrued Expenses	4,579	2,900	2,570	2,168	-	-
Short-Term Debt	-	-	-	-	10,387	12,363
Current Portion of Leases	582.3	702.59	388.15	200.76	-	-
Current Income Taxes Payable	626.98	115.43	3,117	2,109	772.15	254.23
Current Unearned Revenue	14,007	12,380	5,743	-	-	-
Other Current Liabilities	50,314	29,325	24,475	19,413	3,296	10,087
Total Current Liabilities	88,274	64,511	43,729	23,891	19,542	35,220
Long-Term Debt	35,236	34,932	-	-	2,356	11,210
Long-Term Leases	838.53	1,089	1,264	97.05	-	-
Pension & Post-Retirement Benefits	270.32	68.08	-	-	621.46	333.02
Long-Term Deferred Tax Liabilities	545.11	365.06	-	-	2,308	1,165
Other Long-Term Liabilities	17,075	9,999	1,120	109.53	208.56	77.04
Total Liabilities	142,239	110,964	46,112	24,098	25,037	48,004

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2012	FY 2011
Period Ending	Mar '26 Mar 31, 2026	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
Common Stock	52,239	52,239	32,669	25,938	21,900	21,900
Additional Paid-In Capital	501,081	501,081	103,368	33,814	12,856	12,856
Retained Earnings	74,488	76,572	73,940	64,697	51,811	46,119
Treasury Stock	-1,819	-1,819	-1,819	-1,819	-1,819	-1,819
Comprehensive Income & Other	0	0	0	-0	2.86	2.86
Shareholders' Equity	625,988	628,073	208,157	122,630	84,750	79,059
Total Liabilities & Equity	768,227	739,037	254,270	146,728	109,787	127,063

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2012	FY 2011
Period Ending	Mar '26 Mar 31, 2026	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
Total Debt	36,657	36,724	1,652	297.81	12,743	23,573
Net Cash (Debt)	194,994	322,939	77,775	33,945	-8,819	-1,602
Net Cash Growth	100.27%	315.22%	129.12%	-	-	-
Net Cash Per Share	4405.84	8282.24	2880.50	1380.31	-429.00	-77.97
Filing Date Shares Outstanding	50.89	50.89	31.32	24.59	20.6	20.57
Total Common Shares Outstanding	50.89	50.89	31.32	24.59	20.6	20.57
Working Capital	392,272	398,967	119,976	42,876	15,110	21,478
Book Value Per Share	12300.09	12341.05	6645.51	4986.52	4114.90	3843.76
Tangible Book Value	621,200	623,262	203,249	122,140	83,705	77,950
Tangible Book Value Per Share	12206.01	12246.52	6488.80	4966.59	4064.16	3789.85
Land	6,062	6,062	6,062	6,062	-	-
Buildings	9,677	9,677	9,677	7,871	-	-
Machinery	193,184	192,840	189,993	174,329	-	-
Construction In Progress	76,704	69,491	739.06	4,369	-	-