Haisung Aero-Robotics Cash Flow Statement

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
Net Income	157.37	-527.9	-778.29	-1,027	-1,145	-861.19
Depreciation & Amortization	1,102	1,141	1,162	1,038	970.54	985.35
Loss (Gain) From Sale of Assets	-	-	-280.94	-30.42	-	-3.33
Loss (Gain) From Sale of Investments	-371.42	248.35	0.08	11.52	-	-
Stock-Based Compensation	-	-	-	105.55	98.12	49.99
Provision & Write-off of Bad Debts	-187.39	-12.76	9.59	-1.3	-15.45	-57.8
Other Operating Activities	384.81	314.81	529.68	472.72	52.94	418.84
Change in Accounts Receivable	497.24	-566.48	223.72	694.67	28.52	8.51
Change in Inventory	-197.72	-314.15	-101.53	-602.07	217.56	793.05
Change in Accounts Payable	185.59	-208.15	268	-557.84	294.11	-171.6
Change in Other Net Operating Assets	74.98	-987.79	-27.02	-396.81	-96.79	-290.07
Operating Cash Flow	1,646	-913.27	1,005	-293.28	404.29	871.74
Operating Cash Flow Growth	-	-	-	-	-53.62%	177.14%
Capital Expenditures	-108	-775.73	-433.41	-3,931	-1,376	-614.02
Sale of Property, Plant & Equipment	-	-	-	52	-	7.27
Sale (Purchase) of Intangibles	-	-	-	-7.51	-	-1.1
Investment in Securities	3,360	702.71	-153.49	3,141	-7,900	18.81
Other Investing Activities	0	0	4,467	350	-	-0
Investing Cash Flow	3,252	-73.03	3,881	-394.6	-9,276	-589.03
Long-Term Debt Repaid	-	-8.31	-3.48	-5,008	-6,790	-19.87
Total Debt Repaid	-8.31	-8.31	-3.48	-5,008	-6,790	-19.87
Net Debt Issued (Repaid)	-8.31	-8.31	-3.48	-5,008	-6,790	-19.87
Issuance of Common Stock	73.5	99	132.15	466.35	23,690	-
Other Financing Activities	-0.69	-6.63	-2.7	-1.29	-558.43	-
Financing Cash Flow	64.49	84.05	125.97	-4,543	16,341	-19.87
Foreign Exchange Rate Adjustments	5.89	22.75	-83.98	-69.54	-8.38	-75.96
Miscellaneous Cash Flow Adjustments	-	-	0	-0	-0	0
Net Cash Flow	4,968	-879.49	4,928	-5,300	7,461	186.88
Free Cash Flow	1,538	-1,689	571.87	-4,224	-971.92	257.72
Free Cash Flow Margin	10.63%	-11.31%	4.18%	-30.36%	-6.38%	1.54%
Free Cash Flow Per Share	137.72	-152.16	52.17	-394.86	-112.02	71.52
Cash Interest Paid	-	-	-	63.53	231.61	379.87
Cash Income Tax Paid	-	-4.79	11.41	37.52	5.58	-4.03
Levered Free Cash Flow	1,174	-1,108	76.42	-3,839	-824.31	567.55
Unlevered Free Cash Flow	1,175	-1,107	76.62	-3,799	-681.56	803.61
Change in Working Capital	560.1	-2,077	363.17	-862.04	443.41	339.88

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