Gravity Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	67,464	84,919	132,019	83,162	65,947
Depreciation & Amortization	10,819	9,234	7,658	5,878	5,230
Other Amortization	-	-	-	1,184	1,088
Loss (Gain) From Sale of Assets	0.5	-1.97	-14.08	-10.04	50
Asset Writedown & Restructuring Costs	1,929	1,577	1,531	470.15	1,368
Provision & Write-off of Bad Debts	752.22	588.82	1,402	701.61	801
Other Operating Activities	504.16	-13,940	7,749	-3,360	2,583
Change in Accounts Receivable	22,169	-1,886	2,365	-38,199	5,530
Change in Accounts Payable	-9,509	-2,879	-13,837	43,900	-8,512
Change in Unearned Revenue	-7,620	6,451	954.67	4,903	1,185
Change in Other Net Operating Assets	-10,416	-5,507	-7,397	-349.66	-1,087
Operating Cash Flow	76,092	78,555	132,430	98,279	74,183
Operating Cash Flow Growth	-3.14%	-40.68%	34.75%	32.48%	6.19%
Capital Expenditures	-1,055	-613.95	-2,461	-739.41	-1,747
Sale of Property, Plant & Equipment	1.5	6.67	21.02	14.61	14
Sale (Purchase) of Intangibles	-5,266	-4,147	-3,337	-2,056	-2,449
Investment in Securities	-90,332	-42,280	-110,802	-19,560	-78,289
Investing Cash Flow	-96,652	-47,034	-116,580	-22,340	-82,471
Long-Term Debt Repaid	-4,515	-4,525	-4,083	-3,918	-3,648
Net Debt Issued (Repaid)	-4,515	-4,525	-4,083	-3,918	-3,648
Other Financing Activities	-	-116.35	-	-	342
Financing Cash Flow	-4,515	-4,642	-4,083	-3,918	-3,306
Foreign Exchange Rate Adjustments	-224.5	17,937	2,438	-1,248	67
Net Cash Flow	-25,299	44,816	14,204	70,772	-11,527
Free Cash Flow	75,037	77,941	129,969	97,539	72,436
Free Cash Flow Growth	-3.73%	-40.03%	33.25%	34.66%	5.31%
Free Cash Flow Margin	13.75%	16.15%	18.22%	21.45%	17.50%
Free Cash Flow Per Share	10798.37	11216.34	18703.47	14036.65	10424.10
Cash Interest Paid	271.97	130.03	156.63	121.72	111
Cash Income Tax Paid	26,259	31,943	28,080	29,307	30,273
Levered Free Cash Flow	49,588	37,512	94,602	73,514	59,412
Unlevered Free Cash Flow	49,764	37,596	94,703	73,594	59,484
Change in Working Capital	-5,376	-3,821	-17,915	10,254	-2,884

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