EMRO., Incorporated. 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	2,929	18,609	-26,736	6,420	5,413
Depreciation & Amortization	2,773	2,904	3,431	3,092	2,676
Loss (Gain) From Sale of Assets	-30.67	307.02	-308.43	-1,378	0.58
Asset Writedown & Restructuring Costs	338.06	-	-	-	-
Loss (Gain) From Sale of Investments	-13.06	278.75	-34.27	2.27	-0.05
Stock-Based Compensation	1,445	2,420	1,849	1,483	348.27
Provision & Write-off of Bad Debts	-3.5	76.32	25.22	29.32	37.85
Other Operating Activities	618.17	-10,331	32,801	-514.29	2,410
Change in Accounts Receivable	-2,878	-1,100	2,366	-607.07	-2,950
Change in Accounts Payable	3,411	-1,719	-33.33	969.31	614.25
Change in Other Net Operating Assets	193.83	2,740	-6,696	-3,957	-3,878
Operating Cash Flow	8,783	14,186	6,664	5,541	4,672
Operating Cash Flow Growth	-38.09%	112.88%	20.28%	18.60%	-19.04%
Capital Expenditures	-3,205	-5,340	-1,303	-31,994	-1,230
Sale of Property, Plant & Equipment	110.37	16.04	81.72	45.11	17.02
Sale (Purchase) of Intangibles	-2,308	-2,543	-1,348	301.91	-1,266
Investment in Securities	131.68	41.27	249.28	-16.2	390
Other Investing Activities	-1,730	-382.32	-354.22	-2,421	-1,072
Investing Cash Flow	-7,224	-8,172	-2,683	-34,144	-3,282
Short-Term Debt Issued	-	-	-	3,015	526.02
Long-Term Debt Issued	-	-	16,448	10,000	-
Total Debt Issued	-	-	16,448	13,015	526.02
Short-Term Debt Repaid	-	-	-2,793	-547.65	-2,980
Long-Term Debt Repaid	-613.31	-417.03	-10,191	-208.46	-6,691
Total Debt Repaid	-613.31	-417.03	-12,984	-756.11	-9,671
Net Debt Issued (Repaid)	-613.31	-417.03	3,464	12,258	-9,144
Issuance of Common Stock	3,458	4,964	-	604.26	23,266
Other Financing Activities	-2.97	-10.77	-	-	-
Financing Cash Flow	2,842	4,536	3,464	12,863	14,121
Miscellaneous Cash Flow Adjustments	-	-	-	0	-
Net Cash Flow	4,401	10,550	7,445	-15,741	15,510
Free Cash Flow	5,579	8,846	5,360	-26,454	3,441
Free Cash Flow Growth	-36.94%	65.02%	-	-	-26.57%
Free Cash Flow Margin	6.64%	11.13%	8.48%	-45.13%	7.32%
Free Cash Flow Per Share	451.35	369.35	478.09	-2380.40	349.17
Cash Interest Paid	137.25	135.92	346.93	15.89	141.67
Cash Income Tax Paid	-783.38	1,376	193.17	2,970	176.55
Levered Free Cash Flow	-1,091	-33,987	38,533	-28,944	8,738
Unlevered Free Cash Flow	-998.12	-33,353	39,248	-28,936	8,925
Change in Working Capital	726.13	-78.19	-4,364	-3,594	-6,214

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.