Pavonine 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	8,834	12,390	7,671	10,718	19,344	15,209
Short-Term Investments	130.99	1,155	12.79	399.29	1,246	1,764
Cash & Short-Term Investments	8,965	13,545	7,684	11,118	20,590	16,973
Cash Growth	-37.88%	76.28%	-30.89%	-46.00%	21.30%	161.04%
Accounts Receivable	19,018	18,211	12,759	20,298	14,221	14,281
Other Receivables	1,993	3,035	1,954	1,884	116.85	228.44
Receivables	22,698	22,982	16,310	22,806	14,869	16,745
Inventory	28,151	27,549	18,372	24,367	17,668	11,988
Prepaid Expenses	2,090	2,114	2,494	3,654	5,819	3,347
Other Current Assets	2,853	2,721	4,509	4,270	865.99	1,034
Total Current Assets	64,758	68,912	49,369	66,213	59,812	50,088
Property, Plant & Equipment	82,004	87,877	74,402	70,826	71,665	68,579
Long-Term Investments	3,878	3,765	3,339	1,682	1,519	2,802
Goodwill	-	-	-	-	-	957.94
Other Intangible Assets	2,314	2,339	297.61	261.52	203.76	3,098
Long-Term Deferred Tax Assets	3,045	1,394	2,436	1,262	2,397	3,465
Long-Term Deferred Charges	-	-	-	-	-	3.57
Other Long-Term Assets	1,257	1,235	1,115	1,058	458.15	3,582
Total Assets	157,592	165,909	131,199	141,693	136,880	132,805
Accounts Payable	8,599	6,183	7,357	6,063	5,682	5,859
Accrued Expenses	308.78	460.91	431.92	1,196	369.75	221.09
Short-Term Debt	47,372	46,985	33,094	38,829	24,880	29,707
Current Portion of Long-Term Debt	5,760	2,663	1,577	7,599	4,373	1,317
Current Portion of Leases	814.38	681.05	540.47	153.65	122.13	98.39
Current Income Taxes Payable	31.01	94.05	-	234.33	-	-
Other Current Liabilities	9,722	17,279	6,079	10,842	8,302	17,785
Total Current Liabilities	72,606	74,346	49,080	64,917	43,729	54,987
Long-Term Debt	3,769	6,824	3,493	215.53	16,072	13,441
Long-Term Leases	3,335	4,019	4,089	45.65	-	-
Pension & Post-Retirement Benefits	549.42	522.77	283.64	483.23	2,569	3,114
Other Long-Term Liabilities	553.44	553.44	-0	-0	3,110	-
Total Liabilities	80,813	86,266	56,946	65,661	65,480	71,541
Common Stock	7,247	7,144	7,144	7,144	7,099	6,766
Additional Paid-In Capital	35,950	35,437	35,437	35,437	34,990	31,835
Retained Earnings	40,639	40,920	38,446	39,689	33,348	26,763
Treasury Stock	-7,392	-6,574	-7,027	-6,698	-4,348	-3,410
Comprehensive Income & Other	308.61	2,347	251.99	459.24	310.35	-700.64
Total Common Equity	76,753	79,275	74,253	76,032	71,400	61,254
Minority Interest	26.66	368.91	-	-	-	9.8
Shareholders' Equity	76,780	79,643	74,253	76,032	71,400	61,264
Total Liabilities & Equity	157,592	165,909	131,199	141,693	136,880	132,805
Total Debt	61,050	61,172	42,794	46,843	45,447	44,563
Net Cash (Debt)	-52,085	-47,627	-35,110	-35,726	-24,858	-27,589
Net Cash Per Share	-3504.35	-2796.25	-2786.99	-2126.47	-1714.63	-2328.03
Filing Date Shares Outstanding	11.36	11.46	12.53	12.62	13.11	12.65
Total Common Shares Outstanding	11.36	11.46	12.53	12.62	13.11	12.65
Working Capital	-7,849	-5,434	289.68	1,296	16,083	-4,899
Book Value Per Share	6754.26	6916.92	5925.12	6024.09	5445.65	4842.18
Tangible Book Value	74,439	76,936	73,955	75,770	71,196	57,198
Tangible Book Value Per Share	6550.63	6712.84	5901.37	6003.37	5430.11	4521.52
Land	17,789	17,789	17,789	17,789	17,789	17,789
Buildings	37,534	39,188	30,302	29,906	27,461	26,458
Machinery	101,248	97,198	88,923	85,513	83,332	78,721
Construction In Progress	3,594	8,761	3,954	2,270	2,651	873.14

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