ASIA SEED Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022
Net Income	1,603	1,905	-633.86	-2,451	-604.85
Depreciation & Amortization	918.74	925.71	1,054	1,119	1,272
Loss (Gain) From Sale of Assets	-0.73	-0.73	-	-11.13	-6
Asset Writedown & Restructuring Costs	-	-	-698.43	0	-
Loss (Gain) From Sale of Investments	-728.15	-325	-253.66	13.83	-55.39
Provision & Write-off of Bad Debts	-244.84	-286.45	-13.72	439.17	535.22
Other Operating Activities	-980.4	-662.24	479.14	1,686	-912.02
Change in Accounts Receivable	-158.72	-431.01	389.09	-563.99	-1,843
Change in Inventory	-339.09	-774.69	-333.28	-450.71	-925.16
Change in Accounts Payable	-592.24	-159.54	547.34	-381.43	58.83
Change in Income Taxes	-14.37	-	-	-4.41	0.71
Change in Other Net Operating Assets	811.63	735.99	217.34	347.38	48.52
Operating Cash Flow	353.42	1,006	753.67	-258.36	-2,423
Operating Cash Flow Growth	-64.86%	33.46%	-	-	-
Capital Expenditures	-20.97	-40.18	-130.48	-201.72	-280.06
Sale of Property, Plant & Equipment	0.73	0.73	-	110.34	6
Investment in Securities	-119.31	-619.12	722.32	-489.87	1,905
Other Investing Activities	15	12	-0	-0	-0
Investing Cash Flow	-566.6	-1,097	593.26	-581.44	1,781
Short-Term Debt Issued	-	2,256	1,867	4,066	1,271
Long-Term Debt Issued	-	-	-	3,000	3,024
Total Debt Issued	756.35	2,256	1,867	7,066	4,295
Short-Term Debt Repaid	-	-856.35	-1,267	-2,929	-1,640
Long-Term Debt Repaid	-	-2,435	-1,535	-4,105	-3,954
Total Debt Repaid	-1,326	-3,291	-2,802	-7,034	-5,594
Net Debt Issued (Repaid)	-570.04	-1,035	-935.23	32.24	-1,298
Other Financing Activities	-1.34	-1.34	-	-0	0
Financing Cash Flow	-571.38	-1,036	-935.23	32.24	1,702
Foreign Exchange Rate Adjustments	-21.1	21.96	-53.61	17.47	61.44
Net Cash Flow	-805.66	-1,105	358.09	-790.09	1,121
Free Cash Flow	332.45	965.64	623.2	-460.08	-2,704
Free Cash Flow Growth	-65.57%	54.95%	-	-	-
Free Cash Flow Margin	1.23%	3.47%	2.53%	-1.74%	-11.24%
Free Cash Flow Per Share	27.49	80.06	52.11	-38.33	-248.02
Cash Interest Paid	626.93	646.23	663.86	596.36	414.29
Cash Income Tax Paid	85.51	89.29	60.18	-2.57	-1.36
Levered Free Cash Flow	-	-479.32	384.29	1,474	-2,363
Unlevered Free Cash Flow	-	-59.7	955.85	2,039	-1,806
Change in Working Capital	-214.14	-550.59	820.5	-1,053	-2,652

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