Photon Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	8,808	4,841	7,939	8,874	2,917	10,888
Short-Term Investments	-	-	-	-	-	57.58
Cash & Short-Term Investments	8,808	4,841	7,939	8,874	2,917	10,945
Cash Growth	57.31%	-39.02%	-10.53%	204.24%	-73.35%	160.72%
Accounts Receivable	25,956	34,391	32,102	39,746	23,999	21,380
Other Receivables	650.69	392.65	757.82	1,682	3,327	3,837
Receivables	26,629	34,791	32,860	41,428	27,326	25,216
Inventory	7,704	6,806	8,263	7,708	5,111	5,055
Prepaid Expenses	702.72	633.07	426	197.78	473.1	249.49
Other Current Assets	163.68	281.24	666.61	794.95	2,883	934.72
Total Current Assets	44,008	47,353	50,155	59,002	38,709	42,401
Property, Plant & Equipment	30,035	28,761	29,798	43,393	31,962	45,517
Long-Term Investments	38.37	38.37	38.36	41.82	4,821	6,578
Goodwill	-	-	-	-	1,486	1,637
Other Intangible Assets	451.61	453.13	441.42	458.13	4,319	4,630
Long-Term Deferred Tax Assets	328.66	326.98	652.63	699.51	166.61	1,966
Other Long-Term Assets	15,752	15,777	17,813	4,556	4,591	1,042
Total Assets	90,615	92,709	98,899	108,150	86,055	103,770
Accounts Payable	16,737	23,491	25,959	33,869	14,428	11,909
Accrued Expenses	369.92	1,090	745.56	466.54	299.9	537.33
Short-Term Debt	18,491	15,925	14,620	12,743	14,507	24,371
Current Portion of Long-Term Debt	-	-	-	-	507.79	2,399
Current Portion of Leases	530.65	623.15	466.21	453.07	1,024	1,035
Current Income Taxes Payable	243.84	339.41	310.6	622.61	4.92	-
Other Current Liabilities	4,009	2,281	2,701	1,792	2,838	9,286
Total Current Liabilities	40,381	43,749	44,802	49,947	33,610	49,537
Long-Term Debt	-	-	-	-	86.35	2,923
Long-Term Leases	1,395	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	0
Total Liabilities	41,775	45,134	45,049	50,618	34,757	54,325
Common Stock	6,590	6,590	6,590	6,260	4,225	4,143
Additional Paid-In Capital	56,577	56,577	56,579	54,914	37,053	36,040
Retained Earnings	-17,260	-17,734	-11,373	-1,619	8,738	8,480
Treasury Stock	-11.42	-11.42	-	-	-	-
Comprehensive Income & Other	2,943	2,153	2,054	1,280	1,215	856.15
Total Common Equity	48,839	47,575	53,850	60,834	51,231	49,519
Minority Interest	-	-	-	-3,302	66.79	-74.11
Shareholders' Equity	48,839	47,575	53,850	57,532	51,298	49,445
Total Liabilities & Equity	90,615	92,709	98,899	108,150	86,055	103,770
Total Debt	20,416	17,916	15,334	13,868	16,358	31,883
Net Cash (Debt)	-11,607	-13,075	-7,395	-4,994	-13,441	-20,938
Net Cash Per Share	-881.45	-992.20	-579.18	-532.79	-1611.33	-2745.60
Filing Date Shares Outstanding	13.17	13.18	13.18	12.52	8.45	8.29
Total Common Shares Outstanding	13.17	13.18	13.18	12.52	8.45	8.29
Working Capital	3,628	3,604	5,353	9,056	5,099	-7,136
Book Value Per Share	3708.96	3610.82	4085.67	4858.96	6062.19	5976.07
Tangible Book Value	48,388	47,122	53,408	60,376	45,426	43,252
Tangible Book Value Per Share	3674.66	3576.43	4052.17	4822.37	5375.28	5219.76
Land	-	-	-	4,401	-	2,699
Buildings	10,341	9,836	9,284	18,456	8,264	15,741
Machinery	70,504	65,599	67,217	60,684	59,443	61,594
Construction In Progress	1,995	2,232	1,948	722.1	-	-