Virnect 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	10,534	8,874	4,892	3,743	30,907
Short-Term Investments	-	-	16,273	4,763	-
Trading Asset Securities	-	14,564	15,151	1,013	-
Cash & Short-Term Investments	10,534	23,437	36,316	9,518	30,907
Cash Growth	-53.40%	-35.46%	281.54%	-69.20%	-
Accounts Receivable	281.6	670.16	1,097	793.87	480.06
Other Receivables	239.81	213.96	610.21	151.33	155.97
Receivables	825.31	888.21	1,707	945.2	636.03
Inventory	9.96	13.91	19.87	35.59	38.03
Prepaid Expenses	182	70.14	313.04	372.27	365.72
Other Current Assets	2,463	1,020	585.36	711.67	453.57
Total Current Assets	14,014	25,430	38,941	11,583	32,401
Property, Plant & Equipment	16,290	16,538	16,788	18,072	14,846
Long-Term Investments	1,526	1,157	-	8,088	-
Other Intangible Assets	224.34	242.65	273.94	183.36	100.83
Long-Term Accounts Receivable	0	-0	-	-0	-0
Long-Term Deferred Charges	-	116.15	281.77	447.4	613.03
Other Long-Term Assets	732.27	282.62	539.14	851.36	336.77
Total Assets	32,787	43,766	56,827	39,225	48,297
Accounts Payable	-	113.57	5.09	138.22	4.79
Accrued Expenses	690.41	708.76	730.55	863.44	766.24
Short-Term Debt	1,400	1,400	1,400	1,400	900
Current Portion of Long-Term Debt	166.56	4,717	236.31	441.49	5,433
Current Portion of Leases	226.81	204.17	202.05	888.81	150.31
Current Income Taxes Payable	-	-	54.84	-	-
Other Current Liabilities	1,778	1,206	1,796	3,211	26,121
Total Current Liabilities	4,262	8,349	4,425	6,943	33,376
Long-Term Debt	180.44	305.36	5,022	5,258	249.88
Long-Term Leases	581.03	659.01	759.54	964.06	187.23
Long-Term Deferred Tax Liabilities	1,397	1,397	1,397	1,404	1,259
Other Long-Term Liabilities	512.55	437.12	382.39	424.88	287.87
Total Liabilities	6,933	11,148	11,987	14,994	35,360
Common Stock	5,572	5,572	5,528	342	184.49
Additional Paid-In Capital	67,391	67,307	66,854	40,890	9,961
Retained Earnings	-50,146	-43,244	-30,603	-20,246	-11,764
Comprehensive Income & Other	3,037	2,983	3,061	3,244	2,058
Total Common Equity	25,854	32,618	44,841	24,231	438.96
Shareholders' Equity	25,854	32,618	44,841	24,231	12,937
Total Liabilities & Equity	32,787	43,766	56,827	39,225	48,297
Total Debt	2,555	7,285	7,620	8,953	6,921
Net Cash (Debt)	7,979	16,152	28,696	565.45	23,987
Net Cash Growth	-47.57%	-43.71%	4974.80%	-97.64%	-
Net Cash Per Share	715.54	1452.91	2920.54	114.41	6123.48
Filing Date Shares Outstanding	11.12	11.14	11.06	6.84	3.92
Total Common Shares Outstanding	11.12	11.14	11.06	6.84	3.92
Working Capital	9,752	17,081	34,516	4,640	-974.69
Book Value Per Share	2325.26	2926.73	4055.59	3542.48	112.06
Tangible Book Value	25,630	32,375	44,567	24,047	338.13
Tangible Book Value Per Share	2305.09	2904.96	4030.81	3515.67	86.32
Land	14,240	14,240	14,240	14,240	13,279
Buildings	736.51	736.51	736.51	736.51	736.51
Machinery	2,851	2,778	2,235	1,949	991.03

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