ADforus 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
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
Cash & Equivalents	24,466	13,529	10,703	6,668	6,251
Short-Term Investments	1,245	1,241	1,200	100	0.39
Cash & Short-Term Investments	32,403	14,770	11,903	6,768	6,252
Cash Growth	172.22%	24.09%	75.88%	8.25%	-
Accounts Receivable	3,637	4,520	5,568	7,064	2,859
Other Receivables	413.17	563.68	766.06	456.29	557.77
Receivables	4,050	5,084	6,384	7,520	3,558
Prepaid Expenses	26.55	19.13	16.6	4.94	2.6
Other Current Assets	10.25	13.93	15.23	1.74	41.12
Total Current Assets	36,490	19,887	18,319	14,295	9,854
Property, Plant & Equipment	840.51	687.44	259.12	123.12	195.94
Long-Term Investments	1,308	1,368	1,016	1,315	727.13
Goodwill	348.66	348.66	348.66	348.66	348.66
Other Intangible Assets	925.19	1,057	1,237	1,415	1,578
Long-Term Deferred Tax Assets	74.73	148.29	76.79	-	36.71
Other Long-Term Assets	4,062	4,064	4,056	5,096	5,250
Total Assets	44,068	27,610	25,362	22,673	17,990
Accounts Payable	2,892	3,041	4,303	5,143	2,052
Accrued Expenses	-	414.61	260.85	138.48	460.43
Short-Term Debt	-	-	-	-	4,460
Current Portion of Leases	169.34	149.27	137.8	53.82	117.44
Current Income Taxes Payable	190.77	392.03	306.72	514.18	814.49
Other Current Liabilities	859.55	798.49	1,412	447.78	339.65
Total Current Liabilities	4,112	4,796	6,421	6,297	8,244
Long-Term Debt	1,890	-	-	-	1,941
Long-Term Leases	95.19	160.11	11.09	1.19	55.01
Long-Term Deferred Tax Liabilities	192.85	217.77	263.81	378.69	354.42
Other Long-Term Liabilities	24.57	166.43	9.76	159.8	193
Total Liabilities	6,314	5,340	6,705	6,837	10,787
Common Stock	2,572	2,141	2,139	2,139	1,914
Additional Paid-In Capital	19,859	2,580	2,559	2,559	438.62
Retained Earnings	12,174	14,698	11,592	9,046	5,321
Comprehensive Income & Other	984.29	851.24	451.43	339.91	-1,647
Total Common Equity	35,571	20,270	16,742	14,085	6,027
Minority Interest	2,183	2,000	1,916	1,752	1,175
Shareholders' Equity	37,754	22,270	18,658	15,837	7,203
Total Liabilities & Equity	44,068	27,610	25,363	22,673	17,990
Total Debt	2,154	309.38	148.89	55.01	6,573
Net Cash (Debt)	30,249	14,460	11,754	6,713	-321.31
Net Cash Growth	157.34%	23.03%	75.10%	-	-
Net Cash Per Share	43019.73	25460.12	20677.89	11893.33	-614.88
Filing Date Shares Outstanding	4.8	0.57	0.57	0.51	0.5
Total Common Shares Outstanding	4.8	0.57	0.57	0.51	0.5
Working Capital	32,378	15,091	11,898	7,998	1,610
Book Value Per Share	7404.43	35801.81	29587.84	27764.25	12006.05
Tangible Book Value	34,297	18,864	15,156	12,321	4,101
Tangible Book Value Per Share	7139.27	33318.67	26785.73	24287.07	8168.04
Machinery	377.05	591.56	200.77	43.3	24.18

Source: S&P Global Market Intelligence. Standard template. Financial Sources.