Top Run Total Solution 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	57,265	101,018	37,633	33,683	31,492	32,453
Short-Term Investments	-	-	-	-	3,809	3,371
Trading Asset Securities	10,391	693.92	3,916	4,632	-	-
Cash & Short-Term Investments	67,656	101,712	41,549	38,315	35,301	35,825
Cash Growth	-	144.80%	8.44%	8.54%	-1.46%	25.85%
Accounts Receivable	130,481	110,134	112,695	86,904	78,071	67,946
Other Receivables	-	-	-	-	3,004	5,616
Receivables	130,481	110,134	112,695	86,904	82,280	74,865
Inventory	54,425	45,022	33,280	38,424	30,794	24,988
Prepaid Expenses	5,551	7,857	6,977	4,711	1,971	1,894
Other Current Assets	3,554	7,487	5,497	2,924	6,198	2,489
Total Current Assets	261,667	272,210	199,997	171,278	156,543	140,060
Property, Plant & Equipment	166,827	159,446	148,125	130,619	122,647	96,623
Long-Term Investments	11,215	4,907	5,143	8,543	23,032	15,694
Goodwill	9,795	-	-	-	39	90.99
Other Intangible Assets	9,655	5,855	7,435	8,422	7,925	7,511
Long-Term Deferred Tax Assets	9,567	6,843	5,536	3,683	-	-
Other Long-Term Assets	38,490	3,226	9,559	1,030	1,699	809.7
Total Assets	507,216	452,488	375,795	323,574	311,885	264,146
Accounts Payable	85,094	93,343	93,537	96,720	97,309	91,797
Accrued Expenses	15,067	13,050	-	-	10,134	7,001
Short-Term Debt	113,855	92,560	99,614	64,402	87,093	78,911
Current Portion of Long-Term Debt	13,838	8,243	8,951	1,397	2,430	5,924
Current Portion of Leases	2,474	2,515	4,638	4,447	-	-
Current Income Taxes Payable	473.2	1,143	245.36	841.63	1,607	779.17
Current Unearned Revenue	391.52	400.64	394.45	369.35	-	-
Other Current Liabilities	33,181	21,325	30,922	20,788	7,594	6,362
Total Current Liabilities	264,374	232,580	238,301	188,963	206,166	190,774
Long-Term Debt	42,531	25,416	25,512	53,097	32,265	9,884
Long-Term Leases	4,832	5,541	3,740	4,831	-	-
Pension & Post-Retirement Benefits	4,481	4,113	3,273	2,088	2,077	2,261
Long-Term Deferred Tax Liabilities	778.7	313.78	354.83	-	-	-
Other Long-Term Liabilities	1,824	362.83	10,104	364.7	273.57	707.87
Total Liabilities	318,820	268,326	281,285	249,344	240,782	203,627
Common Stock	19,573	9,786	517.72	517.72	500	500
Additional Paid-In Capital	43,834	58,719	4,030	3,860	-	-
Retained Earnings	114,698	107,253	88,107	66,678	67,342	61,976
Comprehensive Income & Other	1,759	5,742	-535.6	-1,078	212.89	-4,552
Total Common Equity	179,864	181,501	92,120	69,977	68,055	57,925
Minority Interest	8,532	2,660	2,391	4,252	3,048	2,594
Shareholders' Equity	188,395	184,161	94,511	74,229	71,103	60,519
Total Liabilities & Equity	507,216	452,488	375,795	323,574	311,885	264,146
Total Debt	177,530	134,275	142,455	128,173	121,787	94,719
Net Cash (Debt)	-109,874	-32,563	-100,906	-89,858	-86,486	-58,894
Net Cash Per Share	-2835.22	-949.53	-3480.43	-44531.41	-43243.23	-29446.58
Filing Date Shares Outstanding	39.15	39.15	2.07	2.07	2	2
Total Common Shares Outstanding	39.15	39.15	2.07	2.07	2	2
Working Capital	-2,707	39,631	-38,304	-17,685	-49,623	-50,714
Book Value Per Share	4594.74	4636.57	44483.37	33791.07	34027.65	28961.85
Tangible Book Value	160,414	175,645	84,685	61,556	60,092	50,322
Tangible Book Value Per Share	4097.88	4486.98	40893.01	29724.38	30045.79	25160.75
Land	21,260	17,249	18,324	10,064	11,590	8,050
Buildings	88,228	80,996	74,924	63,459	59,412	47,396
Machinery	194,880	184,226	159,986	176,763	156,780	132,691
Construction In Progress	6,119	7,844	3,222	1,339	4,773	1,400

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