Nepes Ark 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	50,995	39,325	42,127	21,812	76,815	78,655
Short-Term Investments	10,000	20,000	-	30,000	-	-
Cash & Short-Term Investments	60,995	59,325	42,127	51,812	76,815	78,655
Cash Growth	35.13%	40.82%	-18.69%	-32.55%	-2.34%	26.44%
Accounts Receivable	46,926	43,203	31,427	25,483	13,142	12,077
Other Receivables	591.51	446.88	547.14	1,643	914.8	149.41
Receivables	47,517	43,650	31,974	27,125	24,057	12,227
Inventory	1,262	950.44	750.89	1,144	1,441	2,083
Prepaid Expenses	824.71	1,317	275.45	1,408	2,316	4,588
Other Current Assets	342.18	346.78	548.05	1,110	91.13	61
Total Current Assets	110,942	105,589	75,676	82,600	104,719	97,614
Property, Plant & Equipment	139,906	146,837	200,317	289,409	340,795	312,288
Long-Term Investments	122.8	124.51	109.04	85.9	63.7	-
Other Intangible Assets	280.3	316.34	788.12	1,196	1,362	1,533
Long-Term Accounts Receivable	-	-	-	-	-0	-0
Long-Term Deferred Tax Assets	21,490	22,999	18,969	12,626	10,899	5,928
Other Long-Term Assets	297.32	310.15	2,697	120.61	128.98	178.84
Total Assets	288,433	291,572	312,241	395,685	457,968	417,541
Accounts Payable	808.85	1,399	812.97	1,523	2,471	2,996
Accrued Expenses	1,767	1,822	1,867	2,229	1,115	461.43
Short-Term Debt	19,750	19,750	19,750	4,750	4,750	5,000
Current Portion of Long-Term Debt	6,846	9,146	23,734	66,243	31,966	13,186
Current Portion of Leases	466.03	460.76	676.42	1,378	3,478	1,008
Current Income Taxes Payable	192.17	-	-	-	2,299	3,303
Other Current Liabilities	3,320	4,638	3,666	5,435	12,676	70,506
Total Current Liabilities	33,150	37,215	50,507	81,558	58,755	96,461
Long-Term Debt	79,144	81,431	90,572	84,583	139,105	117,070
Long-Term Leases	293.43	1,317	2,172	2,408	2,564	2,734
Pension & Post-Retirement Benefits	3,342	2,680	2,702	1,148	940.68	236.75
Other Long-Term Liabilities	1,225	283.39	906.82	245.53	166.41	39.39
Total Liabilities	117,154	122,927	146,860	169,943	201,530	216,542
Common Stock	6,092	6,092	6,092	6,092	6,092	6,092
Additional Paid-In Capital	165,745	165,745	165,745	165,745	165,745	165,745
Retained Earnings	-133.29	-2,767	-6,032	23,907	54,604	29,163
Comprehensive Income & Other	-424.38	-424.38	-423.04	29,998	29,998	-
Shareholders' Equity	171,279	168,645	165,381	225,741	256,438	200,999
Total Liabilities & Equity	288,433	291,572	312,241	395,685	457,968	417,541
Total Debt	106,500	112,105	136,905	159,363	181,862	138,999
Net Cash (Debt)	-45,504	-52,780	-94,778	-107,550	-105,047	-60,344
Net Cash Per Share	-3734.23	-4331.87	-7982.63	-8879.80	-8360.41	-5112.57
Filing Date Shares Outstanding	12.19	12.18	12.18	12.18	12.18	12.18
Total Common Shares Outstanding	12.19	12.18	12.18	12.18	12.18	12.18
Working Capital	77,792	68,374	25,169	1,042	45,965	1,153
Book Value Per Share	14048.24	13841.49	13573.59	18527.63	21047.07	16496.93
Tangible Book Value	170,999	168,329	164,593	224,545	255,076	199,466
Tangible Book Value Per Share	14025.25	13815.53	13508.91	18429.47	20935.29	16371.11
Land	-	10,077	3,044	2,922	2,922	2,679
Buildings	-	43,529	43,487	43,444	-	-
Machinery	-	503,600	508,898	520,446	502,897	385,535
Construction In Progress	-	4,164	1,393	2,987	35,633	70,120