Korea Refractories 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	12,025	21,777	12,698	5,991	14,295	12,659
Short-Term Investments	10,067	60.94	74.72	996.07	440.86	560
Cash & Short-Term Investments	22,092	21,838	12,773	6,987	14,736	13,219
Cash Growth	133.88%	70.97%	82.80%	-52.58%	11.48%	719.06%
Accounts Receivable	63,731	66,990	65,626	74,946	60,172	39,273
Other Receivables	1,765	1,271	3,678	735.39	253.86	1,956
Receivables	65,872	68,261	69,304	75,682	60,425	41,229
Inventory	47,637	40,901	38,441	35,987	50,948	50,510
Prepaid Expenses	2,271	779.23	1,259	1,328	1,030	826.27
Other Current Assets	9.29	7	65.95	1,337	1,205	4,191
Total Current Assets	137,880	131,786	121,843	121,322	128,345	109,975
Property, Plant & Equipment	95,387	96,953	106,288	107,719	92,901	89,794
Long-Term Investments	29,111	23,075	39,326	68,382	61,817	118,622
Goodwill	15.37	15.37	15.37	15.37	8,630	8,630
Other Intangible Assets	2,489	2,494	2,528	2,606	2,779	2,796
Long-Term Accounts Receivable	-	-	-	-	9,077	6,414
Long-Term Deferred Tax Assets	1,719	3,204	1,429	-	-	-
Other Long-Term Assets	17,542	17,633	35,932	33,149	22,451	21,718
Total Assets	284,143	275,161	307,362	333,192	325,999	357,948
Accounts Payable	33,262	21,016	18,503	30,724	24,329	20,778
Accrued Expenses	6,417	7,858	5,268	4,463	4,036	3,962
Short-Term Debt	22,000	22,000	28,500	9,500	7,000	10,000
Current Portion of Long-Term Debt	10,000	-	10,400	19,400	6,941	12,898
Current Portion of Leases	1,092	1,461	1,171	1,367	1,168	918.87
Current Income Taxes Payable	1,964	2,252	1,094	1,277	2,365	-
Current Unearned Revenue	10,105	12,610	13,500	6,526	10,778	4,786
Other Current Liabilities	7,239	11,868	12,765	11,325	11,790	13,231
Total Current Liabilities	92,079	79,064	91,202	84,582	68,408	66,573
Long-Term Debt	-	10,000	18,000	26,000	19,800	7,741
Long-Term Leases	886.98	684.53	571	828.42	823.51	835.65
Pension & Post-Retirement Benefits	6,502	5,056	7,039	1,375	-	-
Long-Term Deferred Tax Liabilities	-	-	4,642	10,631	14,090	26,123
Other Long-Term Liabilities	6,280	6,273	4,334	4,060	2,535	2,813
Total Liabilities	105,747	101,078	125,788	127,476	105,656	104,086
Common Stock	20,534	20,534	20,534	20,534	20,534	20,534
Additional Paid-In Capital	102,540	102,540	114,582	114,582	114,582	114,582
Retained Earnings	51,655	52,213	92,837	91,887	111,454	106,368
Treasury Stock	-	-	-27,191	-27,191	-27,191	-27,191
Comprehensive Income & Other	3,667	-1,203	-19,188	5,904	964.19	39,570
Shareholders' Equity	178,396	174,083	181,574	205,716	220,343	253,862
Total Liabilities & Equity	284,143	275,161	307,362	333,192	325,999	357,948
Total Debt	33,979	34,145	58,642	57,095	35,733	32,394
Net Cash (Debt)	-11,887	-12,308	-45,869	-50,108	-20,997	-19,175
Net Cash Per Share	-322.65	-342.83	-1291.47	-1414.00	-592.52	-615.01
Filing Date Shares Outstanding	39.85	41.07	35.44	35.44	35.44	35.44
Total Common Shares Outstanding	39.85	41.07	35.44	35.44	35.44	35.44
Working Capital	45,802	52,722	30,641	36,740	59,937	43,402
Book Value Per Share	4476.56	4239.00	5123.85	5805.11	6217.87	7163.74
Tangible Book Value	175,891	171,574	179,031	203,095	208,934	242,436
Tangible Book Value Per Share	4413.71	4177.89	5052.07	5731.13	5895.91	6841.31
Land	39,468	39,329	39,299	38,695	38,651	40,515
Buildings	25,828	26,205	29,141	46,964	39,804	43,232
Machinery	25,076	26,184	33,147	55,999	55,034	55,381
Construction In Progress	1,150	1,105	1,664	20,457	11,382	761.22