v3.26.1
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - KRW (₩)
₩ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Cash and cash equivalents ₩ 8,364,432 ₩ 4,150,572
Short-term financial instruments 21,560 423,524
Accounts receivable — trade, net 4,380,886 9,210,441
- Related parties 2,051,987 1,983,270
- Non-related parties 2,328,899 7,227,171
Short-term loans, net 3,427,400 787,400
- Related parties 2,067,369 662,400
- Non-related parties 1,360,031 125,000
Accounts receivable — other, net 536,134 130,482
- Related parties 165,439 125,687
- Non-related parties 370,695 4,795
Value added tax receivables 162,558
Other current assets 5,844,544 664,632
Other current financial assets 735,110 40,000
Contract assets 1,065,645
- Related parties 517,518
- Non-related parties 548,127
Current tax assets 45,228 347,480
Inventories, net 1,612,302 818,324
Total current assets 26,195,799 16,572,855
Long-term financial instruments 310,908 322,538
Long-term loans, net 191,023
- Related parties 136,054
- Non-related parties 54,969
Long-term investment securities 3,983,858 730,391
- Related parties 300,000
- Non-related parties 3,683,858 730,391
Investments in associates 587,278
Property and equipment including right-of-use assets 7,055,228 12,049,988
Intangible assets other than goodwill 17,178,097 4,533,587
Goodwill 60,617,031 3,267,730
Investment properties 2,023,317 400,999
Other non-current financial assets 2,180,055 1,803,220
Other non-current non-financial assets 4,393,482 1,907,965
Deferred tax assets 1,016,960 1,011,013
Total non-current assets 99,537,236 26,027,431
Total assets 125,733,036 42,600,286
Liabilities    
Trade and other payables 58,040,411 14,039,752
- Related parties 40,549,480 1,357,101
- Non-related parties 17,490,931 12,682,651
Other current financial liabilities 250,000 130,000
Current derivative liabilities 330,417
Warrants 528,772
Other current non-financial liabilities 1,936,895 1,443,694
- Related parties 285,490
- Non-related parties 1,651,405 1,443,694
Contract liabilities 1,252,195
- Related parties 75,506
- Non-related parties 1,176,689
Short-term borrowings 11,171,899 3,764,000
- Related parties 1,566,863 864,000
- Non-related parties 9,605,036 2,900,000
Current portion of long-term borrowings, net 2,200,000 2,108,956
- Related parties 2,200,000 2,090,236
- Non-related parties 18,720
Convertible Notes 28,634,020
- Related parties 2,956,091
- Non-related parties 25,677,929
Current lease liabilities [1] 1,702,300 1,786,577
Other current provisions 769,693  
Current tax liabilities 1,634,666 108,961
Total current liabilities 108,451,267 23,381,940
Trade and other non-current payables 27,297,393 21,694
- Related parties 27,294,377
- Non-related parties 3,016 21,694
Long-term borrowings, excluding current portion, net 2,611,563
- Related parties 2,611,563
Other non-current financial liabilities 220,000 150,000
Other non-current non-financial liabilities 2,565
Non-current Contract liabilities 650,000
Defined benefit liabilities 1,257,693 559,270
Other non-current provisions 455,822 609,951
Non-current lease liabilities 6,268,969 9,302,661
Deferred tax liabilities 125,759 399,158
Total non-current liabilities 38,889,764 11,042,733
Total liabilities 147,341,032 34,424,673
Equity    
Share capital 9,077 1,226
Share premium 205,980,674 498,774
Accumulated other comprehensive loss (4,447,032) 181,516
Other reserves (53,073,717) (27,874,562)
Retained earnings(Accumulated Deficit) (169,783,492) 35,959,433
Equity attributable to owners of the Parent Company (21,314,489) 8,766,387
Non-controlling interest (293,506) (590,774)
Total equity (21,607,996) 8,175,613
Total liabilities and equity ₩ 125,733,036 ₩ 42,600,286
[1] The interest rate related to lease liabilities reflects the incremental borrowing rate based on the Company’s credit. The amount of interest expense related to lease liabilities incurred during the year ended December 31, 2025 is Korean Won 543,208 thousand (December 31, 2024: Korean Won 851,543 thousand, December 31, 2023: Korean Won 1,047,738 thousand). Additionally, the amount of short-term lease payments and low-value assets lease payments not included in the measurement of lease liabilities during the twelve-month period ended December 31, 2025 are Korean Won 2,349,723 thousand (December 31, 2024: Korean Won 33,846 thousand, December 31, 2023: Korean Won 23,157 thousand).