Photon 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	4,841	7,939	8,874	2,917	10,888
Short-Term Investments	-	-	-	-	57.58
Cash & Short-Term Investments	4,841	7,939	8,874	2,917	10,945
Cash Growth	-39.02%	-10.53%	204.24%	-73.35%	160.72%
Accounts Receivable	34,391	32,102	39,746	23,999	21,380
Other Receivables	392.65	757.82	1,682	3,327	3,837
Receivables	34,791	32,860	41,428	27,326	25,216
Inventory	6,806	8,263	7,708	5,111	5,055
Prepaid Expenses	633.07	426	197.78	473.1	249.49
Other Current Assets	281.24	666.61	794.95	2,883	934.72
Total Current Assets	47,353	50,155	59,002	38,709	42,401
Property, Plant & Equipment	28,761	29,798	43,393	31,962	45,517
Long-Term Investments	38.37	38.36	41.82	4,821	6,578
Goodwill	-	-	-	1,486	1,637
Other Intangible Assets	453.13	441.42	458.13	4,319	4,630
Long-Term Deferred Tax Assets	326.98	652.63	699.51	166.61	1,966
Other Long-Term Assets	15,777	17,813	4,556	4,591	1,042
Total Assets	92,709	98,899	108,150	86,055	103,770
Accounts Payable	23,491	25,959	33,869	14,428	11,909
Accrued Expenses	1,090	745.56	466.54	299.9	537.33
Short-Term Debt	15,925	14,620	12,743	14,507	24,371
Current Portion of Long-Term Debt	-	-	-	507.79	2,399
Current Portion of Leases	623.15	466.21	453.07	1,024	1,035
Current Income Taxes Payable	339.41	310.6	622.61	4.92	-
Other Current Liabilities	2,281	2,701	1,792	2,838	9,286
Total Current Liabilities	43,749	44,802	49,947	33,610	49,537
Long-Term Debt	-	-	-	86.35	2,923
Long-Term Leases	1,368	247.47	671.49	233.64	1,156
Long-Term Deferred Tax Liabilities	17.1	-	-	827.48	708.93
Other Long-Term Liabilities	-0	0	0	-0	0
Total Liabilities	45,134	45,049	50,618	34,757	54,325
Common Stock	6,590	6,590	6,260	4,225	4,143
Additional Paid-In Capital	56,577	56,579	54,914	37,053	36,040
Retained Earnings	-17,734	-11,373	-1,619	8,738	8,480
Treasury Stock	-11.42	-	-	-	-
Comprehensive Income & Other	2,153	2,054	1,280	1,215	856.15
Total Common Equity	47,575	53,850	60,834	51,231	49,519
Minority Interest	-	-	-3,302	66.79	-74.11
Shareholders' Equity	47,575	53,850	57,532	51,298	49,445
Total Liabilities & Equity	92,709	98,899	108,150	86,055	103,770
Total Debt	17,916	15,334	13,868	16,358	31,883
Net Cash (Debt)	-13,075	-7,395	-4,994	-13,441	-20,938
Net Cash Per Share	-992.88	-579.18	-532.79	-1611.33	-2745.60
Filing Date Shares Outstanding	13.14	13.18	12.52	8.45	8.29
Total Common Shares Outstanding	13.14	13.18	12.52	8.45	8.29
Working Capital	3,604	5,353	9,056	5,099	-7,136
Book Value Per Share	3620.75	4085.67	4858.96	6062.19	5976.07
Tangible Book Value	47,122	53,408	60,376	45,426	43,252
Tangible Book Value Per Share	3586.26	4052.17	4822.37	5375.28	5219.76
Land	-	-	4,401	-	2,699
Buildings	9,836	9,284	18,456	8,264	15,741
Machinery	65,599	67,217	60,684	59,443	61,594
Construction In Progress	2,232	1,948	722.1	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.