Korea Refractories 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	13,857	12,698	5,991	14,295	12,659	1,614
Short-Term Investments	93.15	74.72	996.07	440.86	560	-
Cash & Short-Term Investments	13,950	12,773	6,987	14,736	13,219	1,614
Cash Growth	18.44%	82.80%	-52.58%	11.48%	719.06%	-13.16%
Accounts Receivable	71,834	65,626	74,946	60,172	39,273	34,831
Other Receivables	973.77	3,678	735.39	253.86	1,956	114.59
Receivables	72,825	69,304	75,682	60,425	41,229	34,946
Inventory	47,237	38,441	35,987	50,948	50,510	29,728
Prepaid Expenses	1,323	1,259	1,328	1,030	826.27	422.67
Other Current Assets	17.56	65.95	1,337	1,205	4,191	20.53
Total Current Assets	135,353	121,843	121,322	128,345	109,975	66,731
Property, Plant & Equipment	102,454	106,288	107,719	92,901	89,794	70,600
Long-Term Investments	11,688	39,326	68,382	61,817	118,622	40,418
Goodwill	15.37	15.37	15.37	8,630	8,630	15.37
Other Intangible Assets	2,501	2,528	2,606	2,779	2,796	1,067
Long-Term Accounts Receivable	-	-	-	9,077	6,414	-
Long-Term Deferred Tax Assets	2,950	1,429	-	-	-	-
Other Long-Term Assets	18,326	35,932	33,149	22,451	21,718	23,998
Total Assets	273,287	307,362	333,192	325,999	357,948	202,829
Accounts Payable	26,169	18,503	30,724	24,329	20,778	6,788
Accrued Expenses	11,955	5,268	4,463	4,036	3,962	3,653
Short-Term Debt	22,000	28,500	9,500	7,000	10,000	-
Current Portion of Long-Term Debt	100	10,400	19,400	6,941	12,898	1,578
Current Portion of Leases	967.72	1,171	1,367	1,168	918.87	732.75
Current Income Taxes Payable	276.13	1,094	1,277	2,365	-	-
Current Unearned Revenue	11,369	13,500	6,526	10,778	4,786	222.19
Other Current Liabilities	9,019	12,765	11,325	11,790	13,231	7,562
Total Current Liabilities	81,856	91,202	84,582	68,408	66,573	20,535
Long-Term Debt	10,000	18,000	26,000	19,800	7,741	27,839
Long-Term Leases	1,128	571	828.42	823.51	835.65	1,048
Pension & Post-Retirement Benefits	9,920	7,039	1,375	-	-	-
Long-Term Deferred Tax Liabilities	3,241	4,642	10,631	14,090	26,123	7,108
Other Long-Term Liabilities	4,116	4,334	4,060	2,535	2,813	2,114
Total Liabilities	110,260	125,788	127,476	105,656	104,086	58,645
Common Stock	20,534	20,534	20,534	20,534	20,534	11,432
Additional Paid-In Capital	114,582	114,582	114,582	114,582	114,582	34,075
Retained Earnings	56,168	92,837	91,887	111,454	106,368	95,739
Treasury Stock	-27,191	-27,191	-27,191	-27,191	-27,191	-2,063
Comprehensive Income & Other	-1,066	-19,188	5,904	964.19	39,570	5,001
Shareholders' Equity	163,027	181,574	205,716	220,343	253,862	144,184
Total Liabilities & Equity	273,287	307,362	333,192	325,999	357,948	202,829
Total Debt	34,195	58,642	57,095	35,733	32,394	31,198
Net Cash (Debt)	-20,245	-45,869	-50,108	-20,997	-19,175	-29,584
Net Cash Per Share	-574.65	-1294.38	-1414.00	-592.52	-615.01	-1324.81
Filing Date Shares Outstanding	35.44	35.44	35.44	35.44	35.44	22.33
Total Common Shares Outstanding	35.44	35.44	35.44	35.44	35.44	22.33
Working Capital	53,497	30,641	36,740	59,937	43,402	46,196
Book Value Per Share	4600.46	5123.85	5805.11	6217.87	7163.74	6456.78
Tangible Book Value	160,511	179,031	203,095	208,934	242,436	143,102
Tangible Book Value Per Share	4529.46	5052.07	5731.13	5895.91	6841.31	6408.32
Land	39,179	39,299	38,695	38,651	40,515	24,964
Buildings	49,459	49,450	46,964	39,804	43,232	39,473
Machinery	77,016	76,359	55,999	55,034	55,381	60,199
Construction In Progress	2,462	1,664	20,457	11,382	761.22	1,410

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.