Global Tax Free Co., Ltd. (KOSDAQ:204620)

Global Tax Free Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	149,496	105,934	76,273	48,823	58,102	38,962
Short-Term Investments	-	-	-	6,600	8,288	-
Trading Asset Securities	-	-	11,998	13,198	4,906	19,904
Cash & Short-Term Investments	149,496	105,934	88,271	68,621	71,296	58,866
Cash Growth	32.53%	20.01%	28.63%	-3.75%	21.12%	32.71%
Accounts Receivable	0.98	1.71	634.61	676.23	3,548	6,967
Other Receivables	44,550	59,476	39,891	41,445	15,740	2,216
Receivables	44,551	59,478	40,526	44,122	20,788	9,185
Inventory	41.84	43	1,385	1,438	1,655	1,439
Prepaid Expenses	238.57	90.77	121.27	122.35	117.96	143.17
Other Current Assets	3,481	2,962	4,751	5,343	3,407	2,181
Total Current Assets	197,809	168,508	135,053	119,646	97,265	71,814
Property, Plant & Equipment	4,120	4,555	2,616	1,399	1,452	2,910
Long-Term Investments	974.37	4,476	20,196	25,164	24,584	25,089
Goodwill	-	-	4,921	7,070	7,647	11,174
Other Intangible Assets	1,477	1,606	3,183	3,489	7,293	9,596
Long-Term Deferred Tax Assets	2,033	2,398	2,226	2,737	-	15.59
Other Long-Term Assets	1,157	2,526	6,342	7,426	7,118	9,389
Total Assets	207,570	184,069	174,537	166,932	145,359	129,987

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	-	27,619	22,152	24,739	13,454	-
Accrued Expenses	4,715	6,138	5,002	4,168	2,366	2,676
Short-Term Debt	-	-	4,090	7,736	7,858	11,716
Current Portion of Leases	871.15	792.96	734.69	750.24	971.09	1,121
Current Income Taxes Payable	-	1,063	1,289	1,026	351.62	465.2
Current Unearned Revenue	-	-	2,970	2,832	2,257	2,015
Other Current Liabilities	29,934	3,400	4,747	11,000	5,839	19,851
Total Current Liabilities	35,520	39,013	40,984	52,252	33,095	37,844
Long-Term Debt	-	-	-	653.21	1,406	-
Long-Term Leases	1,169	1,510	507.8	467.6	538.66	1,476
Long-Term Unearned Revenue	-	-	971.96	1,361	-	-
Long-Term Deferred Tax Liabilities	-	-	109.99	260.18	1,210	2,157
Other Long-Term Liabilities	3,896	3,680	3,592	3,344	3,503	1,131
Total Liabilities	40,585	44,203	46,166	58,337	39,753	42,609

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	35,142	35,142	30,558	28,024	26,630	24,368
Additional Paid-In Capital	116,224	109,288	113,951	95,715	84,583	72,196
Retained Earnings	12,277	-5,083	-29,490	-32,018	-23,323	-12,129
Treasury Stock	-41.05	-41.05	-4,005	-5.24	-5.24	-2,765
Comprehensive Income & Other	971.65	727.27	-1,335	-2,230	-1,069	-5,732
Total Common Equity	164,574	140,033	109,679	89,485	86,815	75,938
Minority Interest	2,411	-167.48	18,692	19,110	18,792	11,440
Shareholders' Equity	166,985	139,866	128,371	108,595	105,607	87,378
Total Liabilities & Equity	207,570	184,069	174,537	166,932	145,359	129,987

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	2,040	2,303	5,332	9,607	10,773	14,313
Net Cash (Debt)	147,455	103,632	82,938	59,014	60,523	44,552
Net Cash Growth	37.67%	24.95%	40.54%	-2.49%	35.85%	30.06%
Net Cash Per Share	2118.32	1504.94	1238.38	915.93	1032.57	832.75
Filing Date Shares Outstanding	70.27	70.27	61.12	64.4	63.05	55.55
Total Common Shares Outstanding	70.27	70.27	70.22	64.4	61.19	55.55
Working Capital	162,289	129,495	94,069	67,395	64,169	33,970
Book Value Per Share	2341.93	1992.72	1561.90	1389.58	1418.67	1366.91
Tangible Book Value	163,097	138,427	101,575	78,926	71,874	55,169
Tangible Book Value Per Share	2320.92	1969.86	1446.50	1225.61	1174.52	993.06
Land	-	-	70.77	70.77	70.77	688.38
Buildings	-	-	109.72	109.72	109.72	752.24
Machinery	9,723	9,310	8,500	7,361	7,275	6,847

Data Source: S&P Global Market Intelligence Last updated: Aug 14, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 17, 2026

Data Sources Report a data error