Korea Fuel-Tech 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	57,662	52,471	39,056	30,057	32,828	17,823
Short-Term Investments	-	67.9	-	10,245	300.92	12,363
Trading Asset Securities	14.02	3.8	1.89	343.73	8.82	0.58
Cash & Short-Term Investments	57,676	52,542	39,058	40,646	33,138	30,186
Cash Growth	31.75%	34.52%	-3.91%	22.66%	9.78%	56.48%
Accounts Receivable	104,292	90,926	96,611	65,844	62,533	74,692
Other Receivables	10,899	9,801	4,958	6,902	7,628	7,400
Receivables	116,030	101,315	102,198	73,034	70,264	82,333
Inventory	117,182	103,079	89,697	85,254	73,587	59,651
Prepaid Expenses	2,820	2,578	3,058	3,064	2,781	2,409
Other Current Assets	14,115	16,662	7,074	12,920	5,863	9,683
Total Current Assets	307,823	276,176	241,086	214,918	185,633	184,263
Property, Plant & Equipment	147,557	146,403	134,209	136,639	148,819	142,448
Long-Term Investments	10,436	9,128	8,169	11,368	6,177	4,429
Other Intangible Assets	870.82	913.14	671.48	720.21	939.31	1,051
Long-Term Deferred Tax Assets	10,446	10,508	8,343	7,050	7,040	7,332
Long-Term Deferred Charges	11,558	10,873	10,372	10,414	10,727	10,152
Other Long-Term Assets	11,047	11,604	11,738	12,349	13,472	13,395
Total Assets	503,402	466,528	415,161	394,102	373,474	363,850
Accounts Payable	77,544	81,716	72,261	64,015	42,148	54,406
Accrued Expenses	7,082	8,502	10,970	7,990	5,180	6,847
Short-Term Debt	72,069	67,523	81,033	70,918	68,297	84,384
Current Portion of Long-Term Debt	15,280	2,321	7,728	23,695	11,299	7,946
Current Portion of Leases	1,950	2,083	1,941	1,268	1,364	371.22
Current Income Taxes Payable	2,568	5,625	4,865	3,411	2,468	1,764
Other Current Liabilities	13,770	12,156	12,637	21,798	31,604	12,732
Total Current Liabilities	190,263	179,925	191,435	193,094	162,361	168,449
Long-Term Debt	15,694	27,067	11,473	18,636	33,801	27,669
Long-Term Leases	1,648	2,188	3,150	3,985	4,926	6,753
Pension & Post-Retirement Benefits	34,485	31,601	27,493	25,567	27,807	27,728
Long-Term Deferred Tax Liabilities	2,674	2,814	2,565	2,430	2,938	2,805
Other Long-Term Liabilities	2,732	2,460	1,692	1,523	1,675	1,732
Total Liabilities	247,496	246,054	237,808	245,235	233,507	235,136
Common Stock	2,784	2,784	2,784	2,784	2,784	2,784
Additional Paid-In Capital	29,894	29,894	29,894	29,894	29,894	29,894
Retained Earnings	208,175	174,996	144,167	116,460	105,197	99,716
Treasury Stock	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02
Comprehensive Income & Other	8,904	6,854	-4,573	-5,571	-4,394	-10,238
Total Common Equity	249,757	214,527	172,272	143,567	133,482	122,156
Minority Interest	6,148	5,947	5,082	5,300	6,485	6,559
Shareholders' Equity	255,905	220,474	177,353	148,867	139,967	128,715
Total Liabilities & Equity	503,402	466,528	415,161	394,102	373,474	363,850
Total Debt	106,641	101,181	105,325	118,502	119,687	127,123
Net Cash (Debt)	-48,965	-48,639	-66,267	-77,856	-86,549	-96,937
Net Cash Per Share	-1758.73	-1747.03	-2380.21	-2796.44	-3108.68	-3481.79
Filing Date Shares Outstanding	27.84	27.84	27.84	27.84	27.84	27.84
Total Common Shares Outstanding	27.84	27.84	27.84	27.84	27.84	27.84
Working Capital	117,560	96,251	49,651	21,824	23,271	15,814
Book Value Per Share	8970.83	7705.43	6187.69	5156.66	4794.42	4387.61
Tangible Book Value	248,887	213,614	171,600	142,847	132,542	121,104
Tangible Book Value Per Share	8939.55	7672.63	6163.57	5130.79	4760.68	4349.85
Land	10,712	10,653	10,522	10,326	9,796	9,799
Buildings	42,519	61,763	56,845	51,244	46,023	43,400
Machinery	54,440	252,994	232,001	213,788	201,902	186,532
Construction In Progress	22,358	17,240	4,130	10,425	26,165	17,823

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