KANGWON ENERGY 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	20,112	23,114	8,139	1,930	1,431	6,851
Short-Term Investments	4,851	5,199	2,748	4,350	4,585	7,969
Trading Asset Securities	14,248	2,807	46.21	783.94	961.89	485.78
Cash & Short-Term Investments	39,211	31,120	10,934	7,064	6,978	15,305
Cash Growth	91.69%	184.62%	54.78%	1.23%	-54.41%	34.60%
Accounts Receivable	38,167	37,845	69,973	78,742	30,430	14,274
Other Receivables	448.09	501.7	969.8	2,916	1,873	51.23
Receivables	38,766	38,348	70,943	81,667	32,303	14,325
Inventory	11,653	7,379	11,031	23,169	1,981	686.3
Prepaid Expenses	129.4	956.01	159.41	133.52	-	2.66
Other Current Assets	3,619	2,029	12,123	8,987	6,151	1,032
Total Current Assets	93,378	79,832	105,190	121,020	47,413	31,351
Property, Plant & Equipment	48,226	48,852	49,407	43,727	33,004	7,736
Long-Term Investments	1,532	1,524	1,250	1,555	657.02	1,705
Goodwill	885.07	885.07	885.07	885.07	885.07	-
Other Intangible Assets	605.13	651.46	862.19	1,039	964.86	109.46
Long-Term Deferred Tax Assets	9,676	9,676	5,839	2,726	1,059	-
Other Long-Term Assets	178.48	174.45	410.2	537.17	456.35	598.5
Total Assets	164,720	146,636	163,883	171,529	84,439	41,538
Accounts Payable	-	18,219	20,887	42,599	6,398	2,283
Accrued Expenses	2,064	2,915	3,057	2,387	724.27	106.06
Short-Term Debt	26,856	27,589	27,920	39,098	13,615	-
Current Portion of Long-Term Debt	4,463	3,417	500	225	225	2,536
Current Portion of Leases	344.16	339.06	282.72	423.49	276.22	236.68
Current Income Taxes Payable	-	-	2.79	198.89	220.96	-
Current Unearned Revenue	-	5,453	5,729	18,877	6,420	1,498
Other Current Liabilities	47,430	3,769	10,880	4,248	11,648	4,956
Total Current Liabilities	81,157	61,701	69,259	108,055	39,527	11,616
Long-Term Debt	19,387	19,583	22,000	19,500	7,225	-
Long-Term Leases	1,173	1,246	713.36	1,427	1,040	1,311
Pension & Post-Retirement Benefits	5.44	3.11	28.09	26.61	5.56	17.98
Other Long-Term Liabilities	64.78	64.78	-	0	-	0
Total Liabilities	101,788	82,599	92,001	129,009	47,797	12,945
Common Stock	13,062	13,062	13,062	13,062	13,062	13,062
Additional Paid-In Capital	21,738	21,738	25,217	25,217	24,137	24,137
Retained Earnings	-1,143	-218.74	1,195	162.54	-5,052	-8,509
Comprehensive Income & Other	-76.56	-76.56	1,013	578.42	171.68	-96.51
Total Common Equity	33,581	34,505	40,487	39,020	32,318	28,594
Minority Interest	29,352	29,532	31,395	3,500	-	-
Shareholders' Equity	62,933	64,037	71,882	42,520	36,642	28,594
Total Liabilities & Equity	164,720	146,636	163,883	171,529	84,439	41,538
Total Debt	52,224	52,174	51,416	60,673	22,381	4,083
Net Cash (Debt)	-13,013	-21,054	-40,483	-53,609	-15,402	11,222
Net Cash Growth	-	-	-	-	-	94.83%
Net Cash Per Share	-492.85	-805.97	-1567.97	-2052.18	-589.61	554.75
Filing Date Shares Outstanding	26.39	26.12	26.12	26.12	26.12	26.12
Total Common Shares Outstanding	26.39	26.12	26.12	26.12	26.12	26.12
Working Capital	12,221	18,131	35,930	12,965	7,886	19,735
Book Value Per Share	1272.29	1320.85	1549.86	1493.69	1237.14	1094.57
Tangible Book Value	32,091	32,968	38,740	37,095	30,468	28,484
Tangible Book Value Per Share	1215.83	1262.03	1482.97	1420.03	1166.33	1090.38
Land	6,854	6,854	6,865	6,865	6,865	10.88
Buildings	13,099	13,099	13,601	11,634	10,224	4,881
Machinery	34,260	33,901	30,656	17,584	3,573	3,441
Construction In Progress	1,820	1,914	3,089	9,055	13,642	236.5