Bankware Global 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	-2,763	-14,230	-7,979	-11,529	-1,903
Depreciation & Amortization	2,256	2,131	1,376	915.8	2,608
Loss (Gain) From Sale of Assets	6.63	0.29	65.48	-0.03	2.26
Asset Writedown & Restructuring Costs	-	-	73.47	-	4,147
Loss (Gain) From Sale of Investments	-25.93	-15.84	-16.94	-17.83	-39.6
Loss (Gain) on Equity Investments	-171.13	-457.9	-153.97	141.47	566.11
Stock-Based Compensation	210.22	308.63	175.58	445.51	338.32
Provision & Write-off of Bad Debts	-26.31	3.58	-25.13	215.55	17.13
Other Operating Activities	2,708	2,955	6,873	6,177	5,923
Change in Accounts Receivable	-2,347	10,347	-5,198	10,958	-16,495
Change in Accounts Payable	937.21	-2,377	5,350	1,548	3,053
Change in Other Net Operating Assets	-6,643	2,743	-2,753	-9,206	2,817
Operating Cash Flow	-5,859	1,407	-2,214	-351.32	1,034
Operating Cash Flow Growth	-	-	-	-	-88.74%
Capital Expenditures	-152.75	-161.82	-1,165	-549.14	-379.45
Sale of Property, Plant & Equipment	4.69	1.46	-	-	4.87
Sale (Purchase) of Intangibles	-970.11	-	-	-1.01	-5.72
Investment in Securities	-676.32	-	7,585	-	-8,050
Other Investing Activities	-198.95	84.23	-695.29	-353.67	-32.85
Investing Cash Flow	-1,993	-76.13	5,724	-903.82	-8,050
Short-Term Debt Issued	1,085	2,570	3,750	4,200	4,700
Long-Term Debt Issued	-	1,080	1,044	1,360	-
Total Debt Issued	1,085	3,650	4,794	5,560	4,700
Short-Term Debt Repaid	-1,220	-4,100	-6,256	-5,700	-4,764
Long-Term Debt Repaid	-2,486	-3,198	-2,358	-3,415	-1,744
Total Debt Repaid	-3,707	-7,298	-8,614	-9,115	-6,508
Net Debt Issued (Repaid)	-2,622	-3,648	-3,819	-3,555	-1,808
Issuance of Common Stock	158.28	22,086	-	-	-
Other Financing Activities	-0	-0	-	-0	-2
Financing Cash Flow	-2,464	18,438	-3,819	-3,555	13,190
Foreign Exchange Rate Adjustments	92.85	217.81	-46.63	-46.44	14.52
Net Cash Flow	-10,223	19,987	-354.88	-4,857	6,188
Free Cash Flow	-6,012	1,245	-3,379	-900.46	654.53
Free Cash Flow Growth	-	-	-	-	-92.78%
Free Cash Flow Margin	-9.47%	2.48%	-4.63%	-1.23%	0.69%
Free Cash Flow Per Share	-593.96	136.15	-394.74	-105.21	362.78
Cash Interest Paid	254.11	253.73	833.1	367.48	382.69
Cash Income Tax Paid	-354.2	-23.5	30.41	1,284	5.65
Levered Free Cash Flow	-7,056	3,948	-15,363	2,597	5,704
Unlevered Free Cash Flow	-6,665	4,564	-13,963	3,599	6,327
Change in Working Capital	-8,053	10,712	-2,602	3,300	-10,625

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.