Lake Materials 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	29,655	20,647	20,334	35,807	23,531	15,164
Short-Term Investments	-	305.99	424.35	1,000	1,248	20
Trading Asset Securities	3,794	2,981	990.42	5,014	-	-
Cash & Short-Term Investments	33,448	23,934	21,749	41,821	24,779	15,184
Cash Growth	-10.69%	10.05%	-48.00%	68.77%	63.20%	70.57%
Accounts Receivable	17,673	21,554	30,143	16,122	20,349	13,080
Other Receivables	756.2	363.67	471.43	341.7	1,719	95.95
Receivables	18,429	21,918	30,614	16,464	22,068	13,176
Inventory	84,751	83,614	73,766	58,067	36,853	27,901
Prepaid Expenses	2,454	922.73	1,336	1,645	1,664	1,508
Other Current Assets	1,232	1,462	65.62	803.97	1,031	749.71
Total Current Assets	140,315	131,851	127,530	118,800	86,395	58,519
Property, Plant & Equipment	208,765	205,377	210,288	171,751	122,020	86,788
Long-Term Investments	6,677	6,203	2,459	2,282	588.46	326.93
Other Intangible Assets	838.1	897.83	1,017	935.1	411.02	468.98
Long-Term Deferred Tax Assets	13,949	10,727	9,236	5,201	3,325	3,364
Other Long-Term Assets	734.71	782.34	803.92	900.32	770.19	773.21
Total Assets	371,279	355,838	351,334	299,870	213,510	150,239
Accounts Payable	6,276	6,466	6,862	3,866	4,215	7,997
Accrued Expenses	1,881	518.76	1,872	1,151	1,991	1,653
Short-Term Debt	99,912	95,092	76,712	79,452	53,520	28,210
Current Portion of Long-Term Debt	18,083	14,963	15,428	11,007	7,066	5,737
Current Portion of Leases	516.87	470.46	548.86	445.09	410.68	393.17
Current Income Taxes Payable	183.98	226.29	1,074	2,292	3,039	934.48
Other Current Liabilities	9,779	8,287	11,378	5,270	6,659	6,767
Total Current Liabilities	136,631	126,024	113,875	103,482	76,900	51,692
Long-Term Debt	90,257	90,035	101,498	81,158	45,556	35,201
Long-Term Leases	557	643.53	673.77	639.17	454.47	346
Pension & Post-Retirement Benefits	3,267	3,083	3,722	3,683	3,553	4,092
Other Long-Term Liabilities	191.23	207.81	194.12	172.14	263.43	244.44
Total Liabilities	230,904	219,993	219,963	189,135	126,728	91,576
Common Stock	6,573	6,573	6,573	6,573	6,573	6,573
Additional Paid-In Capital	29,289	29,289	29,289	29,289	29,289	29,289
Retained Earnings	103,071	98,692	94,314	73,941	50,185	22,231
Treasury Stock	-0.04	-0.04	-0.04	-0.04	-0.04	-0.04
Comprehensive Income & Other	156.58	102.13	124.67	10.64	28.14	42.76
Total Common Equity	139,090	134,656	130,301	109,814	86,076	58,136
Minority Interest	1,285	1,189	1,070	921.43	706.91	526.94
Shareholders' Equity	140,375	135,845	131,371	110,735	86,783	58,663
Total Liabilities & Equity	371,279	355,838	351,334	299,870	213,510	150,239
Total Debt	209,326	201,204	194,861	172,701	107,008	69,888
Net Cash (Debt)	-175,878	-177,271	-173,112	-130,880	-82,228	-54,704
Net Cash Per Share	-2678.33	-2696.93	-2629.73	-1991.16	-1250.99	-832.25
Filing Date Shares Outstanding	65.48	65.73	65.73	65.73	65.73	65.73
Total Common Shares Outstanding	65.48	65.73	65.73	65.73	65.73	65.73
Working Capital	3,683	5,827	13,655	15,318	9,495	6,827
Book Value Per Share	2124.22	2048.61	1982.36	1670.66	1309.52	884.47
Tangible Book Value	138,252	133,758	129,284	108,878	85,665	57,667
Tangible Book Value Per Share	2111.42	2034.95	1966.89	1656.44	1303.27	877.33
Land	41,099	20,259	20,259	20,259	20,239	19,689
Buildings	56,686	69,419	68,129	42,444	31,974	21,217
Machinery	6,738	18,287	17,404	42,914	36,265	9,428
Construction In Progress	4,886	21,954	20,475	37,572	10,582	1,359