ASIA SEED Cash Flow Statement

Financials in millions KRW. Fiscal year is October - September.

Millions KRW. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	1,905	-633.86	-2,451	-604.85	16.67
Depreciation & Amortization	925.71	1,054	1,119	1,272	1,094
Loss (Gain) From Sale of Assets	-0.73	-	-11.13	-6	-
Asset Writedown & Restructuring Costs	-	-698.43	0	-	-
Loss (Gain) From Sale of Investments	-325	-253.66	13.83	-55.39	-56.45
Provision & Write-off of Bad Debts	-286.45	-13.72	439.17	535.22	-51.12
Other Operating Activities	-662.24	479.14	1,686	-912.02	1,237
Change in Accounts Receivable	-431.01	389.09	-563.99	-1,843	-1,155
Change in Inventory	-774.69	-333.28	-450.71	-925.16	947.01
Change in Accounts Payable	-159.54	547.34	-381.43	58.83	-110.82
Change in Income Taxes	-	-	-4.41	0.71	-
Change in Other Net Operating Assets	735.99	217.34	347.38	48.52	-164.52
Operating Cash Flow	1,006	753.67	-258.36	-2,423	1,758
Operating Cash Flow Growth	33.46%	-	-	-	-
Capital Expenditures	-40.18	-130.48	-201.72	-280.06	-371.48
Sale of Property, Plant & Equipment	0.73	-	110.34	6	-
Investment in Securities	-619.12	722.32	-489.87	1,905	-1,351
Other Investing Activities	12	-0	-0	-0	-
Investing Cash Flow	-1,097	593.26	-581.44	1,781	-1,827
Short-Term Debt Issued	2,256	1,867	4,066	1,271	-
Long-Term Debt Issued	-	-	3,000	3,024	4,961
Total Debt Issued	2,256	1,867	7,066	4,295	4,961
Short-Term Debt Repaid	-856.35	-1,267	-2,929	-1,640	-280.43
Long-Term Debt Repaid	-2,435	-1,535	-4,105	-3,954	-2,869
Total Debt Repaid	-3,291	-2,802	-7,034	-5,594	-3,150
Net Debt Issued (Repaid)	-1,035	-935.23	32.24	-1,298	1,811
Other Financing Activities	-1.34	-	-0	0	-0
Financing Cash Flow	-1,036	-935.23	32.24	1,702	1,811
Foreign Exchange Rate Adjustments	21.96	-53.61	17.47	61.44	22.29
Net Cash Flow	-1,105	358.09	-790.09	1,121	1,764
Free Cash Flow	965.64	623.2	-460.08	-2,704	1,386
Free Cash Flow Growth	54.95%	-	-	-	-
Free Cash Flow Margin	3.47%	2.53%	-1.74%	-11.24%	5.69%
Free Cash Flow Per Share	80.06	52.11	-38.33	-248.02	133.14
Cash Interest Paid	646.23	663.86	596.36	414.29	366.65
Cash Income Tax Paid	89.29	60.18	-2.57	-1.36	27.79
Levered Free Cash Flow	-479.32	384.29	1,474	-2,363	-2,479
Unlevered Free Cash Flow	-59.7	955.85	2,039	-1,806	-1,905
Change in Working Capital	-550.59	820.5	-1,053	-2,652	-482.85

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