Artist Studio 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	11,981	48,463	26,858	8,314	23,240	8,422
Cash & Short-Term Investments	31,981	48,463	26,858	8,314	23,240	8,422
Cash Growth	-39.69%	80.45%	223.02%	-64.22%	175.94%	-
Accounts Receivable	5.34	290.54	1,436	7,263	4,172	2,162
Other Receivables	793.13	560.34	415.23	271.79	720	-
Receivables	798.47	850.89	1,851	9,535	4,892	2,162
Inventory	-	-	3,088	3,701	4,274	4,538
Prepaid Expenses	33.28	49.67	13.62	19.98	22.64	6.86
Other Current Assets	11,660	1,075	7,931	37,762	30,402	4,557
Total Current Assets	44,473	50,439	39,741	59,333	62,831	19,686
Property, Plant & Equipment	876.21	583.98	887.19	418.5	811.28	170.06
Long-Term Investments	7,720	3,664	2,421	3,809	1,634	1,168
Other Intangible Assets	139.7	144.64	148.23	2,009	575.5	30.77
Long-Term Deferred Tax Assets	-	-	2,102	1,900	788.02	1,074
Other Long-Term Assets	2,647	2,682	3,810	4,172	5,586	5,390
Total Assets	57,612	59,270	50,859	71,642	72,225	27,518
Accrued Expenses	557.42	429.2	86.51	185.37	289.14	91.02
Short-Term Debt	-	-	4,200	10,200	7,985	3,000
Current Portion of Long-Term Debt	3,000	1,500	2,500	1,400	3,500	-
Current Portion of Leases	459.41	323.4	349.96	252.53	351.23	66.51
Current Income Taxes Payable	-	-	-	0.67	8.78	6.87
Other Current Liabilities	740.18	699.03	1,056	14,417	13,284	327.75
Total Current Liabilities	4,757	2,952	8,192	26,455	25,418	3,492
Long-Term Debt	-	1,500	1,500	2,500	1,400	-
Long-Term Leases	93.32	177.61	492.16	95.61	328.01	-
Pension & Post-Retirement Benefits	126.86	473.05	559.89	502.01	407.24	317.21
Other Long-Term Liabilities	23.62	15.38	14.14	-	26.57	-
Total Liabilities	5,001	5,118	10,758	29,553	27,580	3,809
Common Stock	4,998	4,998	3,237	3,211	3,124	2,494
Additional Paid-In Capital	87,585	87,585	60,001	53,530	50,670	33,164
Retained Earnings	-40,348	-38,807	-23,782	-16,313	-9,976	-12,291
Comprehensive Income & Other	376.91	376.9	349.59	1,661	827.91	341.61
Total Common Equity	52,611	54,153	39,805	42,090	44,646	23,709
Minority Interest	-0.7	-0.69	-0.69	-0.62	-0.62	-0.34
Shareholders' Equity	52,611	54,152	40,101	42,089	44,645	23,709
Total Liabilities & Equity	57,612	59,270	50,859	71,642	72,225	27,518
Total Debt	3,553	3,501	9,042	14,448	13,564	3,067
Net Cash (Debt)	28,429	44,962	17,815	-6,134	9,675	5,356
Net Cash Growth	-41.32%	152.38%	-	-	80.66%	-
Net Cash Per Share	2833.84	4882.43	2528.50	-980.33	1928.83	1213.42
Filing Date Shares Outstanding	9.89	10	6.47	6.42	6.25	4.41
Total Common Shares Outstanding	9.89	10	6.47	6.42	6.25	4.41
Working Capital	39,716	47,487	31,549	32,878	37,413	16,194
Book Value Per Share	5321.08	5417.41	6149.37	6553.91	7145.00	5371.83
Tangible Book Value	52,472	54,008	39,657	40,081	44,070	23,678
Tangible Book Value Per Share	5306.96	5402.94	6126.47	6241.13	7052.90	5364.85
Machinery	220.52	197.65	120.03	116.89	151.95	136.06

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