SEC Co.,Ltd. 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-1,312	2,067	-6,934	-7,540
Depreciation & Amortization	2,147	1,983	1,962	1,672
Loss (Gain) From Sale of Assets	-26.02	91.15	-14.49	-1.34
Loss (Gain) From Sale of Investments	-20.29	94.62	-30.15	98.82
Stock-Based Compensation	573.27	294.89	-	-
Provision & Write-off of Bad Debts	184.88	-1,456	1,255	-317.31
Other Operating Activities	-1,124	-734.31	6,645	4,880
Change in Accounts Receivable	-3,415	-3,540	-540.05	-3,551
Change in Inventory	-5,681	-1,360	-11,164	-756.78
Change in Accounts Payable	1,245	-2,078	4,535	-3,343
Change in Other Net Operating Assets	6,662	7,035	-2,495	4,612
Operating Cash Flow	-766.43	2,399	-6,783	-4,247
Capital Expenditures	-1,725	-1,294	-1,508	-485.54
Sale of Property, Plant & Equipment	16.31	41.22	21.02	-
Sale (Purchase) of Intangibles	-348.47	-	-	-50.86
Investment in Securities	-5,766	-1,117	-107.84	14.85
Other Investing Activities	-0.04	0	0	61.07
Investing Cash Flow	-7,823	-2,369	-1,595	-460.48
Short-Term Debt Issued	-	10,500	13,600	15,299
Long-Term Debt Issued	-	0	10,932	10,400
Total Debt Issued	14,900	10,500	24,532	25,699
Short-Term Debt Repaid	-	-13,600	-8,099	-20,350
Long-Term Debt Repaid	-	-1,473	-15,479	-1,237
Total Debt Repaid	-25,368	-15,073	-23,579	-21,587
Net Debt Issued (Repaid)	-10,468	-4,573	953.52	4,112
Issuance of Common Stock	17,722	-	40	-
Other Financing Activities	-0	-0	-	-0
Financing Cash Flow	7,254	-4,573	993.52	13,812
Foreign Exchange Rate Adjustments	18.16	133.2	-105.01	35.82
Miscellaneous Cash Flow Adjustments	-0	-0	-	-
Net Cash Flow	-1,318	-4,411	-7,489	9,140
Free Cash Flow	-2,491	1,105	-8,291	-4,732
Free Cash Flow Margin	-4.63%	2.05%	-16.44%	-11.49%
Free Cash Flow Per Share	-374.18	230.22	-1953.25	-1116.89
Cash Interest Paid	1,554	1,781	1,689	1,310
Cash Income Tax Paid	5.15	1.24	0.53	-0.65
Levered Free Cash Flow	-	-21,829	-6,189	-
Unlevered Free Cash Flow	-	-19,432	-3,813	-
Change in Working Capital	-1,189	57.65	-9,665	-3,039

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