Korea Fuel-Tech Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	74,307	52,471	39,056	30,057	32,828
Short-Term Investments	-	67.9	-	10,245	300.92
Trading Asset Securities	10.22	3.8	1.89	343.73	8.82
Cash & Short-Term Investments	74,318	52,542	39,058	40,646	33,138
Cash Growth	41.44%	34.52%	-3.91%	22.66%	9.78%
Accounts Receivable	97,424	90,926	96,611	65,844	62,533
Other Receivables	10,044	9,801	4,958	6,902	7,628
Receivables	108,338	101,315	102,198	73,034	70,264
Inventory	114,462	103,079	89,697	85,254	73,587
Prepaid Expenses	2,309	2,578	3,058	3,064	2,781
Other Current Assets	14,208	16,662	7,074	12,920	5,863
Total Current Assets	313,635	276,176	241,086	214,918	185,633
Property, Plant & Equipment	156,749	146,403	134,209	136,639	148,819
Long-Term Investments	11,629	9,128	8,169	11,368	6,177
Other Intangible Assets	871.79	903.29	671.48	720.21	939.31
Long-Term Deferred Tax Assets	12,610	10,508	8,343	7,050	7,040
Long-Term Deferred Charges	11,698	10,883	10,372	10,414	10,727
Other Long-Term Assets	11,865	11,604	11,738	12,349	13,472
Total Assets	523,167	466,528	415,161	394,102	373,474
Accounts Payable	74,689	81,716	72,261	64,015	42,148
Accrued Expenses	7,620	8,502	10,970	7,990	5,180
Short-Term Debt	63,321	67,523	81,033	70,918	68,297
Current Portion of Long-Term Debt	15,262	2,321	7,728	23,695	11,299
Current Portion of Leases	2,332	2,083	1,941	1,268	1,364
Current Income Taxes Payable	5,408	5,625	4,865	3,411	2,468
Other Current Liabilities	21,386	12,156	12,637	21,798	31,604
Total Current Liabilities	190,018	179,925	191,435	193,094	162,361
Long-Term Debt	22,406	27,067	11,473	18,636	33,801
Long-Term Leases	937.33	2,188	3,150	3,985	4,926
Pension & Post-Retirement Benefits	35,322	31,601	27,493	25,567	27,807
Long-Term Deferred Tax Liabilities	2,979	2,814	2,565	2,430	2,938
Other Long-Term Liabilities	4,477	2,460	1,692	1,523	1,675
Total Liabilities	256,140	246,054	237,808	245,235	233,507
Common Stock	2,784	2,784	2,784	2,784	2,784
Additional Paid-In Capital	29,894	29,894	29,894	29,894	29,894
Retained Earnings	214,438	174,996	144,167	116,460	105,197
Treasury Stock	-0.02	-0.02	-0.02	-0.02	-0.02
Comprehensive Income & Other	13,419	6,854	-4,573	-5,571	-4,394
Total Common Equity	260,536	214,527	172,272	143,567	133,482
Minority Interest	6,491	5,947	5,082	5,300	6,485
Shareholders' Equity	267,027	220,474	177,353	148,867	139,967
Total Liabilities & Equity	523,167	466,528	415,161	394,102	373,474
Total Debt	104,259	101,181	105,325	118,502	119,687
Net Cash (Debt)	-29,941	-48,639	-66,267	-77,856	-86,549
Net Cash Per Share	-1075.42	-1747.03	-2380.21	-2796.44	-3108.68
Filing Date Shares Outstanding	27.84	27.84	27.84	27.84	27.84
Total Common Shares Outstanding	27.84	27.84	27.84	27.84	27.84
Working Capital	123,617	96,251	49,651	21,824	23,271
Book Value Per Share	9357.97	7705.43	6187.69	5156.66	4794.42
Tangible Book Value	259,664	213,624	171,600	142,847	132,542
Tangible Book Value Per Share	9326.66	7672.98	6163.57	5130.79	4760.68
Land	10,923	10,653	10,522	10,326	9,796
Buildings	67,188	61,763	56,845	51,244	46,023
Machinery	270,384	252,508	232,001	213,788	201,902
Construction In Progress	21,027	17,240	4,130	10,425	26,165

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