Korea District Heating 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	18,577	13,136	6,889	14,123	39,041	16,578
Short-Term Investments	13,542	4,100	2,500	2,200	2,900	2,000
Trading Asset Securities	-	-	-	-	-	517.76
Cash & Short-Term Investments	32,119	17,236	9,389	16,323	41,941	19,096
Cash Growth	-87.31%	83.58%	-42.48%	-61.08%	119.64%	-39.92%
Accounts Receivable	657,425	651,226	723,901	707,448	849,790	544,990
Other Receivables	-	238,821	235,905	79,728	108,548	71,059
Receivables	657,425	900,419	965,553	796,426	970,693	626,028
Inventory	12,673	10,469	25,852	61,273	60,023	39,137
Prepaid Expenses	-	966	2,375	2,828	3,098	4,500
Other Current Assets	444,966	31,350	43,729	22,792	43,603	22,780
Total Current Assets	1,147,183	960,440	1,046,898	899,641	1,119,358	711,541
Property, Plant & Equipment	6,570,133	6,607,118	6,635,101	6,297,765	5,948,018	5,495,589
Long-Term Investments	13,803	15,462	13,300	14,414	15,823	13,040
Other Intangible Assets	54,520	54,398	61,799	69,810	76,916	80,080
Long-Term Accounts Receivable	-	-	-	-	0	-0
Long-Term Deferred Tax Assets	196	193	73,330	121,744	139,316	75,321
Other Long-Term Assets	395,165	531,036	458,168	493,444	100,890	78,567
Total Assets	8,181,000	8,228,997	8,362,238	7,968,409	7,478,130	6,517,362
Accounts Payable	331,523	323,496	503,644	505,606	1,003,402	507,423
Accrued Expenses	97,697	91,865	84,159	74,207	66,328	53,207
Short-Term Debt	405,153	440,000	603,727	540,000	530,000	470,288
Current Portion of Long-Term Debt	780,856	860,685	370,030	759,807	259,863	329,948
Current Portion of Leases	8,341	8,391	8,520	9,123	8,520	10,070
Current Income Taxes Payable	67,886	11,362	142	8,184	85.44	845.51
Current Unearned Revenue	50,951	50,703	49,704	48,251	45,463	42,223
Other Current Liabilities	218,642	92,660	68,510	83,113	82,295	100,678
Total Current Liabilities	1,961,049	1,879,162	1,688,436	2,028,292	1,995,956	1,514,682
Long-Term Debt	2,615,002	2,894,645	3,242,764	2,683,222	2,670,039	2,087,480
Long-Term Leases	93,724	102,040	107,908	109,746	111,751	107,303
Long-Term Unearned Revenue	1,024,398	1,031,022	1,039,925	1,041,114	1,026,337	976,710
Long-Term Deferred Tax Liabilities	22,336	9,866	-	-	-	-
Other Long-Term Liabilities	16,977	10,846	14,956	12,791	7,043	8,009
Total Liabilities	5,733,486	5,927,581	6,093,989	5,875,166	5,811,127	4,694,184
Common Stock	57,894	57,894	57,894	57,894	57,894	57,894
Additional Paid-In Capital	113,713	113,713	113,713	113,713	113,713	113,713
Retained Earnings	2,025,750	1,883,126	1,599,832	1,415,927	1,229,630	1,397,948
Comprehensive Income & Other	250,157	246,683	495,661	500,932	260,969	253,624
Total Common Equity	2,447,514	2,301,416	2,267,100	2,088,466	1,662,207	1,823,179
Minority Interest	-	-	1,149	4,778	4,796	-
Shareholders' Equity	2,447,514	2,301,416	2,268,249	2,093,244	1,667,003	1,823,179
Total Liabilities & Equity	8,181,000	8,228,997	8,362,238	7,968,409	7,478,130	6,517,362
Total Debt	3,903,076	4,305,761	4,332,949	4,101,899	3,580,173	3,005,089
Net Cash (Debt)	-3,870,957	-4,288,525	-4,323,560	-4,085,576	-3,538,232	-2,985,993
Net Cash Per Share	-334750.06	-370379.12	-373404.92	-352851.42	-305579.92	-257885.78
Filing Date Shares Outstanding	11.71	11.58	11.58	11.58	11.58	11.58
Total Common Shares Outstanding	11.71	11.58	11.58	11.58	11.58	11.58
Working Capital	-813,866	-918,722	-641,538	-1,128,651	-876,599	-803,141
Book Value Per Share	209039.83	198762.15	195798.44	180370.65	143556.73	157459.12
Tangible Book Value	2,392,994	2,247,018	2,205,301	2,018,655	1,585,291	1,743,099
Tangible Book Value Per Share	204383.33	194064.05	190461.16	174341.48	136913.87	150542.98
Land	1,053,324	1,053,346	1,053,808	1,052,708	1,052,884	1,029,015
Buildings	923,985	1,436,963	1,341,971	1,182,616	1,145,155	1,059,110
Machinery	4,093,295	8,204,678	7,795,063	7,354,825	6,880,121	6,383,195
Construction In Progress	374,960	445,319	690,455	685,430	580,628	428,115