Ray Co., Ltd. Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	23,788	22,087	19,584	17,200	31,520	14,944
Trading Asset Securities	12,354	5,599	6,746	11,309	46,300	12,997
Cash & Short-Term Investments	36,143	27,686	26,331	28,509	77,820	27,942
Cash Growth	52.04%	5.15%	-7.64%	-63.37%	178.51%	-4.15%
Accounts Receivable	49,466	55,311	91,800	48,451	25,342	13,736
Other Receivables	1,699	1,509	562.48	598.21	259.59	1,251
Receivables	51,165	59,320	92,430	49,178	25,734	14,999
Inventory	29,381	26,656	25,372	21,729	11,569	17,330
Prepaid Expenses	806.15	938.94	700.94	626.66	390.43	260.04
Other Current Assets	4,796	4,672	2,205	1,035	2,595	3,058
Total Current Assets	122,291	119,273	147,038	101,078	118,108	63,589
Property, Plant & Equipment	41,868	42,533	46,748	50,362	28,640	8,575
Long-Term Investments	12,641	7,706	15,655	16,319	13,311	7,780
Goodwill	7,801	7,978	14,519	18,872	-	-
Other Intangible Assets	6,601	6,020	5,672	6,647	842.99	716.48
Long-Term Accounts Receivable	3,212	4,066	4,861	5,775	2,520	-
Long-Term Deferred Tax Assets	-	-	6,740	3,698	5,467	1,478
Long-Term Deferred Charges	2,472	3,143	3,204	4,874	4,967	4,422
Other Long-Term Assets	13,284	13,497	15,115	14,571	3,452	2,640
Total Assets	210,171	204,215	259,552	222,196	177,308	89,200
Accounts Payable	7,180	12,709	18,781	7,650	4,173	3,981
Accrued Expenses	883.72	2,087	1,510	1,289	974.54	788.88
Short-Term Debt	74,555	63,000	45,000	42,885	6,937	8,107
Current Portion of Long-Term Debt	1,217	1,267	32,673	-	-	-
Current Portion of Leases	3,369	3,208	3,912	2,239	3,142	2,225
Current Income Taxes Payable	80.99	261.22	1,607	3,019	1,639	254.58
Other Current Liabilities	19,258	7,956	6,220	5,400	3,698	2,475
Total Current Liabilities	106,544	90,488	109,702	62,482	20,564	17,832
Long-Term Debt	716.65	14,940	155.4	32,608	44,057	-
Long-Term Leases	2,744	3,011	4,939	4,553	4,365	904.66
Pension & Post-Retirement Benefits	2,487	2,809	3,020	1,260	2,047	2,873
Long-Term Deferred Tax Liabilities	886.34	1,081	1,245	1,743	108.36	-
Other Long-Term Liabilities	9,395	17,468	9,295	3,243	2,758	2,301
Total Liabilities	122,774	129,797	128,356	105,888	73,899	23,911
Common Stock	7,801	7,757	7,642	7,007	6,653	3,327
Additional Paid-In Capital	100,443	100,463	93,353	72,442	71,863	42,070
Retained Earnings	-22,288	-35,228	25,021	27,770	19,787	19,746
Comprehensive Income & Other	800.8	345.34	1,151	8,801	1,852	146.34
Total Common Equity	86,757	73,336	127,167	116,020	100,154	65,289
Minority Interest	629.03	1,044	3,922	-	2,693	-
Shareholders' Equity	87,397	74,419	131,196	116,308	103,408	65,289
Total Liabilities & Equity	210,171	204,215	259,552	222,196	177,308	89,200
Total Debt	82,602	85,425	86,679	82,284	58,501	11,237
Net Cash (Debt)	-46,459	-57,739	-60,348	-53,776	19,319	16,704
Net Cash Growth	-	-	-	-	15.65%	-31.46%
Net Cash Per Share	-2956.73	-3690.75	-3919.67	-3643.27	1368.52	1255.36
Filing Date Shares Outstanding	15.6	15.51	15.28	14.01	13.31	13.31
Total Common Shares Outstanding	15.6	15.51	15.28	14.01	13.31	13.31
Working Capital	15,747	28,785	37,336	38,596	97,544	45,758
Book Value Per Share	5560.61	4727.39	8320.28	8279.01	7526.71	4906.52
Tangible Book Value	72,355	59,338	106,977	90,500	99,311	64,572
Tangible Book Value Per Share	4637.52	3825.06	6999.25	6457.98	7463.36	4852.67
Land	15,945	15,945	16,365	19,399	17,840	3.23
Buildings	21,541	21,415	21,036	22,203	4,219	901.01
Machinery	14,496	13,123	12,047	10,718	7,985	8,794
Construction In Progress	-	763.71	35.6	218.89	823.13	6.8

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