GemVax&KAEL Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Cash & Equivalents	16,344	3,575	16,518	15,798	18,718	50,772	Upgrade
Short-Term Investments	3,700	3,700	3,700	3,700	3,700	3,700	Upgrade
Trading Asset Securities	-	-	481.7	23,314	13,081	-	Upgrade
Cash & Short-Term Investments	20,044	7,275	20,700	42,812	35,498	54,472	Upgrade
Cash Growth	7.72%	-64.86%	-51.65%	20.60%	-34.83%	-21.73%	Upgrade
Accounts Receivable	9,262	8,181	4,823	3,843	6,822	4,518	Upgrade
Other Receivables	1,887	2,315	170.32	262.7	185.62	33.22	Upgrade
Receivables	11,304	11,075	4,993	4,106	7,008	7,551	Upgrade
Inventory	6,622	5,685	6,782	10,838	7,502	5,431	Upgrade
Prepaid Expenses	197.57	239.42	236.48	338.56	225.29	683.47	Upgrade
Other Current Assets	1,840	892.48	1,018	2,042	2,379	354.82	Upgrade
Total Current Assets	40,008	25,166	33,731	60,136	52,612	68,492	Upgrade
Property, Plant & Equipment	33,445	36,551	37,498	32,480	26,343	21,199	Upgrade
Long-Term Investments	45,962	53,210	56,568	47,313	83,106	60,574	Upgrade
Goodwill	-	46.82	1,574	-	-	-	Upgrade
Other Intangible Assets	2,727	3,232	3,425	2,656	2,642	1,969	Upgrade
Long-Term Deferred Charges	-	-	-	5,547	4,725	2,903	Upgrade
Other Long-Term Assets	40,171	32,441	2,329	2,971	2,857	3,598	Upgrade
Total Assets	162,318	150,746	135,153	151,143	172,338	158,800	Upgrade
Accounts Payable	3,379	2,149	1,952	1,491	2,509	1,872	Upgrade
Accrued Expenses	4,522	4,235	5,651	3,569	4,372	3,792	Upgrade
Short-Term Debt	48,269	51,011	13,490	6,359	6,774	13,019	Upgrade
Current Portion of Leases	263.83	315.54	557.62	566.87	627.09	419.08	Upgrade
Other Current Liabilities	9,777	12,559	4,338	3,838	1,858	1,563	Upgrade
Total Current Liabilities	66,212	70,270	25,989	15,824	16,140	20,665	Upgrade
Long-Term Debt	24,049	22,541	1	-	1	-	Upgrade
Long-Term Leases	229.5	122.06	494.29	514.19	815.95	1,215	Upgrade
Other Long-Term Liabilities	30,920	28,807	416.85	289.65	247.75	93.87	Upgrade
Total Liabilities	121,411	121,740	27,135	16,792	18,352	23,594	Upgrade
Common Stock	20,703	19,997	19,997	19,929	19,906	19,799	Upgrade
Additional Paid-In Capital	97,905	192,218	187,867	185,986	185,372	179,242	Upgrade
Retained Earnings	-77,891	-183,417	-94,083	-65,849	-46,653	-59,336	Upgrade
Treasury Stock	-4,466	-4,466	-8,196	-8,196	-1,855	-1,855	Upgrade
Comprehensive Income & Other	4,656	4,673	2,433	2,481	-2,784	-2,645	Upgrade
Total Common Equity	40,907	29,006	108,019	134,351	153,986	135,206	Upgrade
Shareholders' Equity	40,907	29,006	108,019	134,351	153,986	135,206	Upgrade
Total Liabilities & Equity	162,318	150,746	135,153	151,143	172,338	158,800	Upgrade
Total Debt	72,812	73,990	14,543	7,440	8,218	14,653	Upgrade
Net Cash (Debt)	-52,768	-66,715	6,157	35,372	27,280	39,819	Upgrade
Net Cash Growth	-	-	-82.59%	29.66%	-31.49%	-27.62%	Upgrade
Net Cash Per Share	-1317.15	-1684.56	156.47	897.33	633.48	1016.04	Upgrade
Filing Date Shares Outstanding	41.97	39.68	39.42	39.28	39.69	39.47	Upgrade
Total Common Shares Outstanding	41.09	39.68	39.42	39.28	39.69	39.47	Upgrade
Working Capital	-26,204	-45,104	7,742	44,312	36,472	47,828	Upgrade
Book Value Per Share	995.50	731.00	2740.38	3420.24	3880.11	3425.49	Upgrade
Tangible Book Value	38,179	25,727	103,020	131,695	151,344	133,237	Upgrade
Tangible Book Value Per Share	929.13	648.37	2613.55	3352.62	3813.53	3375.60	Upgrade
Land	8,091	8,091	8,091	8,091	8,091	8,038	Upgrade
Buildings	19,551	19,551	19,247	12,792	11,424	7,002	Upgrade
Machinery	17,845	18,469	17,329	12,194	11,990	8,239	Upgrade
Construction In Progress	75.49	1,272	161.59	4,494	120.5	2,902	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.