COWINTECH Balance Sheet

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

Millions KRW. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	25,275	48,856	43,222	74,435	37,544	42,042
Short-Term Investments	2,796	13,342	12,114	42,367	53,399	9,180
Trading Asset Securities	5,024	10,467	10,910	35,595	31,012	5,309
Cash & Short-Term Investments	33,095	72,666	66,246	152,397	121,956	56,531
Cash Growth	-60.61%	9.69%	-56.53%	24.96%	115.73%	7.53%
Accounts Receivable	153,823	130,658	170,211	134,096	72,562	47,626
Other Receivables	3,913	4,558	6,760	3,124	4,638	2,192
Receivables	158,377	135,970	178,798	140,134	80,320	49,818
Inventory	27,906	16,806	22,265	20,438	37,496	11,260
Prepaid Expenses	2,647	640.06	635.96	3,167	2,000	1,822
Other Current Assets	11,064	9,521	12,456	19,026	9,846	745.5
Total Current Assets	233,088	235,603	280,402	335,161	251,618	120,176
Property, Plant & Equipment	146,442	136,958	109,362	91,102	63,511	42,903
Long-Term Investments	41,977	31,189	28,417	21,974	8,486	5,157
Goodwill	13,990	13,990	13,524	13,524	13,524	13,524
Other Intangible Assets	2,118	2,079	2,219	1,992	2,143	2,824
Long-Term Accounts Receivable	-	-	77.42	144.43	202.44	252.65
Long-Term Deferred Tax Assets	7,500	6,799	3,514	1,774	811.56	783.6
Other Long-Term Assets	697.79	1,136	677.63	848.1	971.51	572.34
Total Assets	446,237	428,236	438,386	466,594	343,051	186,416

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	27,760	20,209	22,930	23,003	11,188	7,122
Accrued Expenses	6,445	8,120	6,431	6,707	3,163	1,551
Short-Term Debt	90,907	38,805	20,712	28,724	36,968	28,396
Current Portion of Long-Term Debt	772.24	633.32	408.32	5,483	2,000	-
Current Portion of Leases	540.9	581.08	484.58	442.97	296.48	177.9
Current Income Taxes Payable	3,049	2,335	2,627	3,899	1,916	542.21
Current Unearned Revenue	48,836	46,174	48,561	64,414	48,300	13,100
Other Current Liabilities	5,535	8,061	14,014	13,400	7,512	2,950
Total Current Liabilities	183,845	124,918	116,166	146,073	111,343	53,839
Long-Term Debt	9,349	46,274	38,041	37,672	32,613	10,626
Long-Term Leases	537.82	522.94	513.02	350.24	336.97	210.03
Long-Term Deferred Tax Liabilities	-	-	2,556	5,810	213.85	397.15
Other Long-Term Liabilities	426.84	426.65	248.21	55.19	7,754	3,134
Total Liabilities	194,159	172,142	157,524	189,960	152,261	68,206

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	5,847	5,735	5,571	5,333	4,875	4,738
Additional Paid-In Capital	112,424	112,780	113,821	113,409	94,862	71,271
Retained Earnings	61,146	60,416	61,091	47,751	37,064	35,492
Treasury Stock	-3,266	-4,858	-4,709	-3,299	-7,227	-6,987
Comprehensive Income & Other	-2,033	-2,134	1,045	-108.12	11.14	-108.86
Total Common Equity	174,118	171,940	176,818	163,086	129,585	104,405
Minority Interest	77,961	84,155	104,044	113,547	61,205	13,806
Shareholders' Equity	252,079	256,095	280,862	276,634	190,790	118,210
Total Liabilities & Equity	446,237	428,236	438,386	466,594	343,051	186,416

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	102,107	86,816	60,159	72,673	72,215	39,410
Net Cash (Debt)	-69,013	-14,150	6,088	79,724	49,741	17,121
Net Cash Growth	-	-	-92.36%	60.28%	190.52%	-51.96%
Net Cash Per Share	-6012.18	-1234.69	529.68	7550.15	4725.09	1625.78
Filing Date Shares Outstanding	11.53	11.46	11.14	11.06	10.22	10.23
Total Common Shares Outstanding	11.53	11.46	11.47	11.39	10.53	10.54
Working Capital	49,243	110,685	164,236	189,088	140,275	66,337
Book Value Per Share	15097.78	15003.02	15413.96	14315.89	12309.70	9909.36
Tangible Book Value	158,010	155,871	161,075	147,571	113,918	88,057
Tangible Book Value Per Share	13701.12	13600.92	14041.61	12953.91	10821.42	8357.72
Land	55,902	55,902	30,804	30,804	18,537	18,118
Buildings	50,214	50,054	37,688	33,421	25,538	14,893
Machinery	29,117	26,352	23,420	19,982	16,136	7,156
Construction In Progress	22,711	16,409	24,813	10,081	3,399	4,856