MAKUS 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
Period Ending	Sep '25 Sep 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
Cash & Equivalents	119,363	47,405	21,279	39,590	25,044	9,409
Short-Term Investments	-	210.06	-	311.4	305.86	305.86
Trading Asset Securities	12,392	14,019	11,102	12,685	19,801	8,517
Cash & Short-Term Investments	131,756	61,633	32,382	52,586	45,150	18,232
Cash Growth	104.65%	90.33%	-38.42%	16.47%	147.65%	-33.47%
Accounts Receivable	24,343	49,465	20,564	24,973	16,557	11,541
Other Receivables	7.39	42.58	22.83	274.89	13.8	322.14
Receivables	24,750	49,638	20,767	25,858	16,851	12,143
Inventory	56,009	69,339	84,019	45,363	17,513	11,659
Prepaid Expenses	85.52	69.62	103.76	68.02	95.31	6,589
Other Current Assets	35,222	218,461	143,948	150,051	56,326	35,309
Total Current Assets	247,823	399,140	281,220	273,926	135,936	83,932
Property, Plant & Equipment	4,289	4,455	4,665	4,870	4,144	4,282
Long-Term Investments	3,015	1,750	2,500	1,788	1,722	3,637
Other Intangible Assets	108.54	98.12	105.2	98.57	7.72	14.7
Long-Term Deferred Tax Assets	1,956	438.97	1,184	1,696	300.35	714.15
Other Long-Term Assets	3,016	3,332	3,839	4,180	2,861	2,909
Total Assets	260,207	409,215	293,692	286,559	144,971	95,489
Accounts Payable	101,444	257,782	143,911	179,006	53,644	34,141
Accrued Expenses	312.43	1,317	766.48	1,709	1,308	556.57
Short-Term Debt	23,767	23,250	25,000	-	-	1,548
Current Portion of Long-Term Debt	-	4,000	13,000	-	-	-
Current Portion of Leases	200.7	184.58	169.51	164.67	54.45	117.14
Current Income Taxes Payable	5,365	2,017	976.64	5,958	3,655	1,741
Current Unearned Revenue	5.03	-	-	2.08	48.87	-
Other Current Liabilities	7,382	6,677	2,791	5,581	5,861	427.72
Total Current Liabilities	138,477	295,227	186,615	192,421	64,572	38,532
Long-Term Debt	-	-	4,000	-	-	-
Long-Term Leases	28	144.51	273.99	410.34	-	21.51
Long-Term Unearned Revenue	-	8.8	13.82	-	4.86	7.63
Pension & Post-Retirement Benefits	369.67	347.79	310.5	257.92	225.81	590.16
Long-Term Deferred Tax Liabilities	-	-	-	102.27	632.13	-
Other Long-Term Liabilities	8.88	99.79	94.97	8.33	103.39	100.67
Total Liabilities	138,883	295,828	191,308	193,200	65,538	39,252
Common Stock	8,082	8,082	8,082	8,082	8,082	8,082
Additional Paid-In Capital	8,111	8,111	8,111	8,111	8,111	8,111
Retained Earnings	138,288	133,611	115,443	97,159	76,126	53,007
Treasury Stock	-31,420	-34,607	-27,767	-18,250	-12,284	-12,284
Comprehensive Income & Other	-1,930	-1,985	-1,461	-1,612	-367.55	-398.52
Total Common Equity	121,131	113,212	102,408	93,490	79,667	56,518
Minority Interest	193.25	173.83	-23.7	-131.3	-234.55	-281.15
Shareholders' Equity	121,324	113,386	102,384	93,359	79,433	56,237
Total Liabilities & Equity	260,207	409,215	293,692	286,559	144,971	95,489
Total Debt	23,996	27,579	42,444	575.01	54.45	1,687
Net Cash (Debt)	107,760	34,054	-10,062	52,011	45,096	16,545
Net Cash Growth	183.39%	-	-	15.33%	172.56%	-35.35%
Net Cash Per Share	11826.42	3369.47	-933.59	4357.29	3749.22	1350.39
Filing Date Shares Outstanding	8.69	9.53	10.29	11.25	12.03	12.03
Total Common Shares Outstanding	8.69	9.53	10.29	11.25	12.03	12.03
Working Capital	109,346	103,913	94,605	81,505	71,364	45,400
Book Value Per Share	13938.77	11882.58	9952.01	8312.18	6623.45	4698.84
Tangible Book Value	121,022	113,114	102,303	93,391	79,660	56,503
Tangible Book Value Per Share	13926.28	11872.28	9941.79	8303.41	6622.81	4697.62
Land	3,307	3,307	3,307	3,307	3,307	3,307
Buildings	926.73	926.73	926.73	926.73	926.73	926.73
Machinery	646.58	624.51	612.77	556.47	381.54	363.69

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.