COWAY 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	542,763	182,191	128,994	260,276	115,935	73,127
Short-Term Investments	12,729	16,717	9,926	3,429	4,174	31,795
Cash & Short-Term Investments	555,493	198,908	138,921	263,705	120,110	104,922
Cash Growth	352.59%	43.18%	-47.32%	119.55%	14.48%	-30.81%
Accounts Receivable	1,752,232	1,660,340	1,327,841	1,075,836	938,801	731,161
Other Receivables	33,813	19,465	17,245	24,063	26,701	6,147
Receivables	1,786,325	1,679,920	1,345,214	1,100,226	965,545	737,360
Inventory	303,915	298,555	240,130	197,908	253,684	234,950
Prepaid Expenses	21,179	25,925	17,327	11,107	15,720	12,338
Other Current Assets	36,958	28,569	29,416	18,680	19,442	16,885
Total Current Assets	2,703,869	2,231,877	1,771,008	1,591,625	1,374,501	1,106,454
Property, Plant & Equipment	964,032	972,354	1,037,640	1,019,094	1,051,237	1,159,916
Long-Term Investments	7,652	11,468	34,733	42,670	48,550	50,437
Goodwill	147,776	147,776	147,776	147,776	147,776	147,776
Other Intangible Assets	42,828	42,692	43,533	40,613	47,404	34,748
Long-Term Accounts Receivable	3,614,551	3,334,800	2,528,617	1,849,793	1,499,382	1,148,204
Long-Term Deferred Tax Assets	225,697	227,048	166,318	124,072	117,984	114,693
Long-Term Deferred Charges	0	0	0	56.67	192.67	328.68
Other Long-Term Assets	33,599	31,756	31,685	22,975	77,798	37,821
Total Assets	7,740,402	7,000,122	5,761,561	4,850,966	4,365,075	3,800,628
Accounts Payable	108,584	124,697	96,176	76,900	77,052	87,557
Accrued Expenses	61,385	105,085	79,948	75,460	79,193	55,083
Short-Term Debt	954,795	910,395	465,011	342,597	305,262	386,830
Current Portion of Long-Term Debt	376,456	245,166	360,462	327,509	1,242	1,526
Current Portion of Leases	53,104	43,283	40,585	32,192	23,974	18,514
Current Income Taxes Payable	141,162	128,228	138,664	67,945	69,802	124,367
Current Unearned Revenue	48,246	44,646	30,663	31,778	7,144	5,271
Other Current Liabilities	892,171	729,718	666,482	554,633	566,559	614,029
Total Current Liabilities	2,635,904	2,331,217	1,877,989	1,509,015	1,130,229	1,293,177
Long-Term Debt	1,248,958	904,958	541,879	598,888	829,249	456,362
Long-Term Leases	80,498	70,034	72,938	48,155	31,481	29,221
Pension & Post-Retirement Benefits	4,261	745.26	7,274	1,267	640.01	859.91
Other Long-Term Liabilities	84,040	79,441	65,365	55,886	61,507	116,570
Total Liabilities	4,053,660	3,386,395	2,565,445	2,213,211	2,053,106	1,896,190
Common Stock	40,335	40,335	40,662	40,662	40,662	40,662
Additional Paid-In Capital	145,615	144,916	148,389	147,938	147,938	147,806
Retained Earnings	3,290,981	3,354,598	2,964,217	2,503,183	2,161,481	1,757,328
Treasury Stock	-49,664	-110,000	-88,039	-51,147	-51,147	-51,483
Comprehensive Income & Other	259,475	183,878	133,168	-747.8	14,879	11,589
Total Common Equity	3,686,742	3,613,728	3,198,398	2,639,889	2,313,813	1,905,902
Minority Interest	-	-	-2,282	-2,134	-1,844	-1,465
Shareholders' Equity	3,686,742	3,613,728	3,196,116	2,637,755	2,311,969	1,904,438
Total Liabilities & Equity	7,740,402	7,000,122	5,761,561	4,850,966	4,365,075	3,800,628
Total Debt	2,713,811	2,173,835	1,480,874	1,349,341	1,191,208	892,453
Net Cash (Debt)	-2,158,318	-1,974,927	-1,341,953	-1,085,637	-1,071,098	-787,531
Net Cash Per Share	-30294.50	-27590.13	-18603.03	-14961.14	-14761.08	-10853.76
Filing Date Shares Outstanding	70.55	70.77	71.91	72.56	72.56	72.56
Total Common Shares Outstanding	70.55	70.77	71.91	72.56	72.56	72.56
Working Capital	67,966	-99,340	-106,981	82,611	244,272	-186,723
Book Value Per Share	52258.19	51064.84	44478.32	36380.27	31886.62	26268.15
Tangible Book Value	3,496,138	3,423,259	3,007,089	2,451,500	2,118,633	1,723,378
Tangible Book Value Per Share	49556.45	48373.38	41817.89	33784.09	29196.85	23752.51
Land	46,459	46,459	46,459	46,459	46,460	46,754
Buildings	81,306	81,196	79,878	78,872	77,310	69,755
Machinery	575,021	563,031	504,070	451,915	432,223	383,088
Construction In Progress	11,822	7,090	3,111	4,521	1,037	25,393