NOVAREX 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	49,602	31,052	30,235	27,020	19,169
Short-Term Investments	73.18	139.08	91.13	15.73	31.88
Trading Asset Securities	-	-	372.63	12,609	736.08
Cash & Short-Term Investments	49,675	31,192	30,699	39,644	19,937
Cash Growth	59.26%	1.61%	-22.56%	98.85%	-44.98%
Accounts Receivable	84,331	51,363	54,440	37,356	43,226
Other Receivables	802.17	925.16	582.84	1,867	1,093
Receivables	85,180	52,323	55,091	39,241	44,363
Inventory	75,634	56,226	34,298	49,816	46,501
Prepaid Expenses	653.65	983.79	102.15	98.07	378.7
Other Current Assets	1,838	1,565	1,662	666.19	473.16
Total Current Assets	212,981	142,290	121,852	129,465	111,653
Property, Plant & Equipment	130,525	128,795	128,170	128,023	125,222
Long-Term Investments	7,826	9,325	5,555	3,479	8,285
Other Intangible Assets	2,169	2,335	2,772	2,937	2,806
Long-Term Deferred Tax Assets	4,041	4,619	5,130	5,425	5,354
Other Long-Term Assets	1,324	1,573	602.81	710.21	1,219
Total Assets	359,555	289,610	264,734	270,581	254,633
Accounts Payable	43,000	30,039	26,870	29,598	39,282
Accrued Expenses	4,712	4,529	3,888	3,735	3,517
Short-Term Debt	27,500	22,000	11,250	15,000	15,000
Current Portion of Long-Term Debt	-	-	9,850	15,800	16,750
Current Portion of Leases	625.98	557.34	107.94	511.08	485.66
Current Income Taxes Payable	7,056	2,633	2,087	3,192	2,985
Current Unearned Revenue	28.57	124.89	368.67	391.72	492.26
Other Current Liabilities	11,268	6,179	5,640	4,296	10,931
Total Current Liabilities	94,190	66,062	60,062	72,524	89,443
Long-Term Debt	6,298	-	2,250	14,500	21,750
Long-Term Leases	1,486	2,052	198.96	410.12	834.11
Pension & Post-Retirement Benefits	26.78	-	849.23	683.83	1,752
Other Long-Term Liabilities	2,914	1,233	955.42	1,097	895.19
Total Liabilities	104,915	69,347	64,316	89,214	114,674
Common Stock	9,377	9,377	9,377	9,377	4,502
Additional Paid-In Capital	24,330	49,330	49,330	49,330	31,997
Retained Earnings	216,620	160,233	141,210	122,097	102,853
Comprehensive Income & Other	2,796	316.04	316.04	316.04	316.04
Total Common Equity	253,124	219,256	200,233	181,120	139,668
Minority Interest	1,516	1,007	185.38	247.09	290.98
Shareholders' Equity	254,640	220,263	200,418	181,367	139,959
Total Liabilities & Equity	359,555	289,610	264,734	270,581	254,633
Total Debt	35,910	24,609	23,657	46,221	54,820
Net Cash (Debt)	13,765	6,582	7,042	-6,577	-34,883
Net Cash Growth	109.12%	-6.52%	-	-	-
Net Cash Per Share	777.35	371.78	397.78	-396.96	-2193.58
Filing Date Shares Outstanding	17.73	17.7	17.7	17.7	15.9
Total Common Shares Outstanding	17.73	17.7	17.7	17.7	15.9
Working Capital	118,791	76,227	61,790	56,941	22,210
Book Value Per Share	14280.22	12385.80	11311.17	10231.49	8782.93
Tangible Book Value	250,955	216,921	197,460	178,183	136,862
Tangible Book Value Per Share	14157.86	12253.92	11154.55	10065.57	8606.48
Land	21,734	21,734	21,734	21,734	21,734
Buildings	75,124	75,148	73,325	73,325	68,691
Machinery	58,671	56,300	53,399	45,737	34,883
Construction In Progress	8,126	88.21	517.13	32.06	5,847

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