COWINTECH 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	48,856	43,222	74,435	37,544	42,042
Short-Term Investments	13,342	12,114	42,367	53,399	9,180
Trading Asset Securities	10,467	10,910	35,595	31,012	5,309
Cash & Short-Term Investments	72,666	66,246	152,397	121,956	56,531
Cash Growth	9.69%	-56.53%	24.96%	115.73%	7.53%
Accounts Receivable	130,658	170,211	134,096	72,562	47,626
Other Receivables	4,558	6,760	3,124	4,638	2,192
Receivables	135,970	178,798	140,134	80,320	49,818
Inventory	16,806	22,265	20,438	37,496	11,260
Prepaid Expenses	640.06	635.96	3,167	2,000	1,822
Other Current Assets	9,521	12,456	19,026	9,846	745.5
Total Current Assets	235,603	280,402	335,161	251,618	120,176
Property, Plant & Equipment	136,958	109,362	91,102	63,511	42,903
Long-Term Investments	31,189	28,417	21,974	8,486	5,157
Goodwill	13,990	13,524	13,524	13,524	13,524
Other Intangible Assets	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	6,799	3,514	1,774	811.56	783.6
Other Long-Term Assets	1,136	677.63	848.1	971.51	572.34
Total Assets	428,236	438,386	466,594	343,051	186,416
Accounts Payable	20,209	22,930	23,003	11,188	7,122
Accrued Expenses	8,120	6,431	6,707	3,163	1,551
Short-Term Debt	38,805	20,712	28,724	36,968	28,396
Current Portion of Long-Term Debt	633.32	408.32	5,483	2,000	-
Current Portion of Leases	581.08	484.58	442.97	296.48	177.9
Current Income Taxes Payable	2,335	2,627	3,899	1,916	542.21
Current Unearned Revenue	46,174	48,561	64,414	48,300	13,100
Other Current Liabilities	8,061	14,014	13,400	7,512	2,950
Total Current Liabilities	124,918	116,166	146,073	111,343	53,839
Long-Term Debt	46,274	38,041	37,672	32,613	10,626
Long-Term Leases	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	426.65	248.21	55.19	7,754	3,134
Total Liabilities	172,142	157,524	189,960	152,261	68,206
Common Stock	5,735	5,571	5,333	4,875	4,738
Additional Paid-In Capital	112,780	113,821	113,409	94,862	71,271
Retained Earnings	60,416	61,091	47,751	37,064	35,492
Treasury Stock	-4,858	-4,709	-3,299	-7,227	-6,987
Comprehensive Income & Other	-2,134	1,045	-108.12	11.14	-108.86
Total Common Equity	171,940	176,818	163,086	129,585	104,405
Minority Interest	84,155	104,044	113,547	61,205	13,806
Shareholders' Equity	256,095	280,862	276,634	190,790	118,210
Total Liabilities & Equity	428,236	438,386	466,594	343,051	186,416
Total Debt	86,816	60,159	72,673	72,215	39,410
Net Cash (Debt)	-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	-1234.69	529.68	7550.15	4725.09	1625.78
Filing Date Shares Outstanding	11.46	11.14	11.06	10.22	10.23
Total Common Shares Outstanding	11.46	11.47	11.39	10.53	10.54
Working Capital	110,685	164,236	189,088	140,275	66,337
Book Value Per Share	15003.02	15413.96	14315.89	12309.70	9909.36
Tangible Book Value	155,871	161,075	147,571	113,918	88,057
Tangible Book Value Per Share	13600.92	14041.61	12953.91	10821.42	8357.72
Land	55,902	30,804	30,804	18,537	18,118
Buildings	50,054	37,688	33,421	25,538	14,893
Machinery	26,352	23,420	19,982	16,136	7,156
Construction In Progress	16,409	24,813	10,081	3,399	4,856

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