INCAR FINANCIAL SERVICE 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	51,094	1,531	936.94	3,752	4,591	3,316
Short-Term Investments	14,631	83,746	43,744	15,332	16,106	31,842
Trading Asset Securities	77,648	4,688	452.16	438.37	-	-
Cash & Short-Term Investments	143,373	89,965	45,133	19,522	20,697	35,158
Cash Growth	59.88%	99.33%	131.19%	-5.68%	-41.13%	-
Other Receivables	123,053	111,440	74,476	50,601	35,415	34,259
Receivables	123,663	111,733	76,085	52,324	39,248	35,986
Prepaid Expenses	448,095	376,907	301,598	168,636	118,114	83,213
Other Current Assets	9,971	6,567	5,864	6,435	5,294	4,538
Total Current Assets	725,102	585,173	428,681	246,917	183,353	158,895
Property, Plant & Equipment	14,195	11,561	11,794	11,636	12,386	7,384
Long-Term Investments	-	-	1,807	1,276	-	-
Goodwill	1,857	1,857	-	-	-	-
Other Intangible Assets	4,761	5,015	3,108	1,836	1,497	1,250
Long-Term Deferred Tax Assets	-	-	-	-	-	1,644
Other Long-Term Assets	149,755	103,130	50,766	27,639	16,105	5,764
Total Assets	896,064	707,432	497,329	291,945	214,906	175,408
Accrued Expenses	3,200	3,118	2,674	2,943	1,429	1,021
Short-Term Debt	31,607	12,413	-	19,800	18,050	17,550
Current Portion of Long-Term Debt	4,089	29,784	18,296	-	-	-
Current Portion of Leases	8,939	7,249	7,361	6,628	6,016	4,405
Current Income Taxes Payable	15,511	5,743	591.2	-	-	582.27
Other Current Liabilities	565,508	439,643	304,357	171,968	136,364	120,797
Total Current Liabilities	628,853	497,952	333,280	201,339	161,860	144,356
Long-Term Debt	5,933	7,093	36,022	-	-	-
Long-Term Leases	2,269	1,639	2,257	2,366	3,567	771.3
Long-Term Deferred Tax Liabilities	29,570	31,333	19,598	9,213	3,459	-
Other Long-Term Liabilities	29,557	22,154	9,422	5,614	4,540	5,196
Total Liabilities	696,183	560,171	400,580	218,532	173,426	150,323
Common Stock	5,138	5,138	5,138	5,138	2,247	2,247
Additional Paid-In Capital	14,121	12,308	12,308	12,308	4,054	4,054
Retained Earnings	190,920	140,912	82,408	55,981	35,193	18,798
Treasury Stock	-9,083	-10,010	-3,090	-	-	-
Comprehensive Income & Other	-14.4	-14.4	-14.4	-14.4	-14.4	-14.4
Total Common Equity	201,082	148,334	96,749	73,412	41,480	25,085
Minority Interest	-1,200	-1,074	-	-	-	-
Shareholders' Equity	199,882	147,260	96,749	73,412	41,480	25,085
Total Liabilities & Equity	896,064	707,432	497,329	291,945	214,906	175,408
Total Debt	52,837	58,179	63,937	28,794	27,634	22,727
Net Cash (Debt)	90,536	31,787	-18,804	-9,273	-6,937	12,432
Net Cash Per Share	1858.59	645.58	-366.64	-183.05	-154.35	276.63
Filing Date Shares Outstanding	48.92	48.66	50.31	51.38	51.38	44.94
Total Common Shares Outstanding	48.92	48.66	50.31	51.38	51.38	44.94
Working Capital	96,249	87,221	95,401	45,577	21,494	14,539
Book Value Per Share	4110.36	3048.13	1923.11	1428.82	807.33	558.18
Tangible Book Value	194,465	141,462	93,641	71,576	39,984	23,834
Tangible Book Value Per Share	3975.09	2906.93	1861.33	1393.08	778.20	530.36
Machinery	3,488	3,985	3,287	3,111	2,803	2,294

Source: S&P Capital IQ. Standard template. Financial Sources.