INCAR FINANCIAL SERVICE 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	42,637	22,398	936.94	3,752	4,591
Short-Term Investments	15,573	14,568	43,744	15,332	16,106
Trading Asset Securities	61,086	52,999	452.16	438.37	-
Cash & Short-Term Investments	119,296	89,965	45,133	19,522	20,697
Cash Growth	32.60%	99.33%	131.19%	-5.68%	-41.13%
Accounts Receivable	124,371	92,090	-	-	-
Other Receivables	31,540	19,350	74,476	50,601	35,415
Receivables	156,444	111,733	76,085	52,324	39,248
Prepaid Expenses	500,454	376,907	301,598	168,636	118,114
Other Current Assets	12,782	6,567	5,864	6,435	5,294
Total Current Assets	788,976	585,173	428,681	246,917	183,353
Property, Plant & Equipment	14,166	11,561	11,794	11,636	12,386
Long-Term Investments	-	-	1,807	1,276	-
Goodwill	1,308	1,857	-	-	-
Other Intangible Assets	4,493	5,015	3,108	1,836	1,497
Other Long-Term Assets	191,999	103,130	50,766	27,639	16,105
Total Assets	1,001,382	707,432	497,329	291,945	214,906
Accrued Expenses	3,687	3,123	2,674	2,943	1,429
Short-Term Debt	31,529	12,413	-	19,800	18,050
Current Portion of Long-Term Debt	3,856	29,784	18,296	-	-
Current Portion of Leases	8,839	7,249	7,361	6,628	6,016
Current Income Taxes Payable	9,590	5,743	591.2	-	-
Other Current Liabilities	647,549	439,639	304,357	171,968	136,364
Total Current Liabilities	705,050	497,952	333,280	201,339	161,860
Long-Term Debt	5,350	7,093	36,022	-	-
Long-Term Leases	2,037	1,639	2,257	2,366	3,567
Long-Term Deferred Tax Liabilities	43,014	31,333	19,598	9,213	3,459
Other Long-Term Liabilities	31,522	22,154	9,422	5,614	4,540
Total Liabilities	786,972	560,171	400,580	218,532	173,426
Common Stock	5,138	5,138	5,138	5,138	2,247
Additional Paid-In Capital	17,227	12,308	12,308	12,308	4,054
Retained Earnings	200,531	140,912	82,408	55,981	35,193
Treasury Stock	-11.45	-10,010	-3,090	-	-
Comprehensive Income & Other	-6,604	-14.4	-14.4	-14.4	-14.4
Total Common Equity	216,281	148,334	96,749	73,412	41,480
Minority Interest	-1,871	-1,074	-	-	-
Shareholders' Equity	214,410	147,260	96,749	73,412	41,480
Total Liabilities & Equity	1,001,382	707,432	497,329	291,945	214,906
Total Debt	51,610	58,179	63,937	28,794	27,634
Net Cash (Debt)	67,686	31,787	-18,804	-9,273	-6,937
Net Cash Growth	112.94%	-	-	-	-
Net Cash Per Share	1385.55	645.71	-366.64	-183.05	-154.35
Filing Date Shares Outstanding	49.25	48.66	50.31	51.38	51.38
Total Common Shares Outstanding	49.25	48.66	50.31	51.38	51.38
Working Capital	83,927	87,221	95,401	45,577	21,494
Book Value Per Share	4391.66	3048.13	1923.11	1428.82	807.33
Tangible Book Value	210,480	141,462	93,641	71,576	39,984
Tangible Book Value Per Share	4273.87	2906.93	1861.33	1393.08	778.20
Machinery	3,637	3,985	3,287	3,111	2,803

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