Haisung Aero-Robotics 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	147.85	-527.9	-778.29	-1,027	-1,145
Depreciation & Amortization	1,079	1,141	1,162	1,038	970.54
Loss (Gain) From Sale of Assets	-	-	-280.94	-30.42	-
Loss (Gain) From Sale of Investments	-435.79	248.35	0.08	11.52	-
Stock-Based Compensation	-	-	-	105.55	98.12
Provision & Write-off of Bad Debts	-45.17	-12.76	9.59	-1.3	-15.45
Other Operating Activities	525.95	314.81	529.68	472.72	52.94
Change in Accounts Receivable	-98.11	-566.48	223.72	694.67	28.52
Change in Inventory	124.54	-314.15	-101.53	-602.07	217.56
Change in Accounts Payable	224.13	-208.15	268	-557.84	294.11
Change in Other Net Operating Assets	123.01	-987.79	-27.02	-396.81	-96.79
Operating Cash Flow	1,645	-913.27	1,005	-293.28	404.29
Operating Cash Flow Growth	-	-	-	-	-53.62%
Capital Expenditures	-86.86	-775.73	-433.41	-3,931	-1,376
Sale of Property, Plant & Equipment	-	-	-	52	-
Sale (Purchase) of Intangibles	-	-	-	-7.51	-
Investment in Securities	-1,643	702.71	-153.49	3,141	-7,900
Other Investing Activities	-	0	4,467	350	-
Investing Cash Flow	-1,730	-73.03	3,881	-394.6	-9,276
Long-Term Debt Repaid	-8.31	-8.31	-3.48	-5,008	-6,790
Total Debt Repaid	-8.31	-8.31	-3.48	-5,008	-6,790
Net Debt Issued (Repaid)	-8.31	-8.31	-3.48	-5,008	-6,790
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
Foreign Exchange Rate Adjustments	-32.17	22.75	-83.98	-69.54	-8.38
Miscellaneous Cash Flow Adjustments	-	-	0	-0	-0
Net Cash Flow	-52.59	-879.49	4,928	-5,300	7,461
Free Cash Flow	1,558	-1,689	571.87	-4,224	-971.92
Free Cash Flow Margin	10.33%	-11.31%	4.18%	-30.36%	-6.38%
Free Cash Flow Per Share	137.02	-153.58	52.45	-394.86	-112.02
Cash Interest Paid	-	-	-	63.53	231.61
Cash Income Tax Paid	-6.43	-4.79	11.41	37.52	5.58
Levered Free Cash Flow	1,203	-1,108	76.42	-3,839	-824.31
Unlevered Free Cash Flow	1,204	-1,107	76.62	-3,799	-681.56
Change in Working Capital	373.57	-2,077	363.17	-862.04	443.41

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