Pavonine 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	8,104	12,390	7,671	10,718	19,344
Short-Term Investments	-	1,155	12.79	399.29	1,246
Cash & Short-Term Investments	8,104	13,545	7,684	11,118	20,590
Cash Growth	-40.17%	76.28%	-30.89%	-46.00%	21.30%
Accounts Receivable	17,613	18,211	12,759	20,298	14,221
Other Receivables	57.13	3,035	1,954	1,884	116.85
Receivables	19,135	22,982	16,310	22,806	14,869
Inventory	28,437	27,549	18,372	24,367	17,668
Prepaid Expenses	3,284	2,114	2,494	3,654	5,819
Other Current Assets	1,675	2,721	4,509	4,270	865.99
Total Current Assets	60,635	68,912	49,369	66,213	59,812
Property, Plant & Equipment	82,509	87,877	74,402	70,826	71,665
Long-Term Investments	2,393	3,765	3,339	1,682	1,519
Other Intangible Assets	230.7	2,339	297.61	261.52	203.76
Long-Term Deferred Tax Assets	2,537	1,394	2,436	1,262	2,397
Other Long-Term Assets	1,705	1,235	1,115	1,058	458.15
Total Assets	150,651	165,909	131,199	141,693	136,880
Accounts Payable	9,844	6,183	7,357	6,063	5,682
Accrued Expenses	416.03	460.91	431.92	1,196	369.75
Short-Term Debt	43,930	46,985	33,094	38,829	24,880
Current Portion of Long-Term Debt	5,635	2,663	1,577	7,599	4,373
Current Portion of Leases	861.62	681.05	540.47	153.65	122.13
Current Income Taxes Payable	94.31	94.05	-	234.33	-
Other Current Liabilities	9,225	17,279	6,079	10,842	8,302
Total Current Liabilities	70,006	74,346	49,080	64,917	43,729
Long-Term Debt	3,511	6,824	3,493	215.53	16,072
Long-Term Leases	3,183	4,019	4,089	45.65	-
Pension & Post-Retirement Benefits	362.54	522.77	283.64	483.23	2,569
Other Long-Term Liabilities	518.24	553.44	-0	-0	3,110
Total Liabilities	77,580	86,266	56,946	65,661	65,480
Common Stock	7,247	7,144	7,144	7,144	7,099
Additional Paid-In Capital	35,950	35,437	35,437	35,437	34,990
Retained Earnings	36,469	40,920	38,446	39,689	33,348
Treasury Stock	-7,502	-6,574	-7,027	-6,698	-4,348
Comprehensive Income & Other	985.62	2,347	251.99	459.24	310.35
Total Common Equity	73,150	79,275	74,253	76,032	71,400
Minority Interest	-78.77	368.91	-	-	-
Shareholders' Equity	73,071	79,643	74,253	76,032	71,400
Total Liabilities & Equity	150,651	165,909	131,199	141,693	136,880
Total Debt	57,120	61,172	42,794	46,843	45,447
Net Cash (Debt)	-49,017	-47,627	-35,110	-35,726	-24,858
Net Cash Per Share	-4305.61	-2644.56	-2786.99	-2126.47	-1714.63
Filing Date Shares Outstanding	11.69	11.46	12.53	12.62	13.11
Total Common Shares Outstanding	11.69	11.46	12.53	12.62	13.11
Working Capital	-9,371	-5,434	289.68	1,296	16,083
Book Value Per Share	6255.47	6916.92	5925.12	6024.09	5445.65
Tangible Book Value	72,919	76,936	73,955	75,770	71,196
Tangible Book Value Per Share	6235.74	6712.84	5901.37	6003.37	5430.11
Land	17,789	17,789	17,789	17,789	17,789
Buildings	38,328	39,188	30,302	29,906	27,461
Machinery	104,852	97,198	88,923	85,513	83,332
Construction In Progress	2,960	8,761	3,954	2,270	2,651

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