Topco Media 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	-2,324	-4,724	-11,865	-3,029	-3,894
Depreciation & Amortization	7,454	2,408	2,436	1,726	287.17
Loss (Gain) From Sale of Assets	31.63	4.24	-	-	-0.52
Asset Writedown & Restructuring Costs	3,501	-	-	-11	27
Provision & Write-off of Bad Debts	104.9	-	-	-	-205.24
Other Operating Activities	1,650	24.07	8,099	4,481	2,004
Change in Accounts Receivable	1,614	-468.1	412.67	-5,181	-2,956
Change in Inventory	-	-	-	-	2,654
Change in Accounts Payable	-	-	-	-	182.94
Change in Other Net Operating Assets	-3,779	701.72	-91.63	3,362	-1,828
Operating Cash Flow	8,252	-2,054	-5,330	5,764	-3,728
Capital Expenditures	-230.66	-12.63	-79.24	-252.39	-
Sale of Property, Plant & Equipment	76.74	2.72	-	-	0.75
Divestitures	2,355	-	-	-	-
Sale (Purchase) of Intangibles	-5,369	-	-15	-20,000	-
Investment in Securities	-4,550	-	-	-	-
Other Investing Activities	845.01	3,000	1,684	-609.67	-
Investing Cash Flow	-6,873	2,990	1,590	-20,862	0.75
Short-Term Debt Issued	4,650	-	-	-	-
Long-Term Debt Issued	-	-	-	-	28,700
Total Debt Issued	4,650	-	-	-	28,700
Short-Term Debt Repaid	-5,900	-	-	-	-
Long-Term Debt Repaid	-1,629	-247.95	-324.22	-1,657	-279.45
Total Debt Repaid	-7,529	-247.95	-324.22	-1,657	-279.45
Net Debt Issued (Repaid)	-2,879	-247.95	-324.22	-1,657	28,421
Issuance of Common Stock	-	-	-	-	5,000
Repurchase of Common Stock	-509.1	-7.5	-	-0.23	-
Other Financing Activities	-0	-	-285.79	-283.92	-17.52
Financing Cash Flow	-3,389	-255.45	-610.02	-1,941	33,403
Foreign Exchange Rate Adjustments	-336.39	210.32	-101.75	-135.91	16.48
Net Cash Flow	-2,346	890.59	-4,452	-17,175	29,692
Free Cash Flow	8,021	-2,067	-5,409	5,511	-3,728
Free Cash Flow Margin	16.50%	-8.86%	-28.21%	47.09%	-16.75%
Free Cash Flow Per Share	189.79	-95.38	-264.42	423.97	-341.81
Cash Interest Paid	646.18	88.04	81.77	5.5	8.93
Cash Income Tax Paid	2,300	1,420	1,504	1.99	-9.17
Levered Free Cash Flow	7,700	3,503	4,801	-19,466	-
Unlevered Free Cash Flow	8,032	3,516	5,102	-17,660	-
Change in Working Capital	-2,165	233.62	321.04	-1,819	-1,946

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