NEXON Games 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	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-31,766	31,442	11,294	6,048	-7,962
Depreciation & Amortization	16,719	14,767	9,533	4,812	3,109
Loss (Gain) From Sale of Assets	34.37	134.4	14.03	-10.91	17.58
Asset Writedown & Restructuring Costs	6	6	-	-	-
Stock-Based Compensation	19,740	17,504	15,873	11,779	2,994
Other Operating Activities	-9,381	3,245	7,101	226.66	3,924
Change in Accounts Receivable	29,689	59.68	-2,369	5,123	-6,160
Change in Other Net Operating Assets	-28,315	-644.53	-4,585	1,091	32,841
Operating Cash Flow	-3,274	66,514	36,860	29,069	28,763
Operating Cash Flow Growth	-	80.45%	26.80%	1.06%	-
Capital Expenditures	-3,953	-6,312	-3,771	-930.6	-902.75
Sale of Property, Plant & Equipment	85.63	258.96	74.24	71.59	44.31
Cash Acquisitions	-	-	-	3,401	-
Divestitures	-	-	-	1,486	-
Sale (Purchase) of Intangibles	-989.55	-795.15	-957.98	-2,316	-70.36
Investment in Securities	-15,172	-110,915	-32,000	34,200	13,523
Other Investing Activities	-0	-0	-	0	-0
Investing Cash Flow	-20,029	-117,764	-36,655	35,912	12,595
Long-Term Debt Repaid	-	-5,937	-3,373	-2,523	-1,765
Net Debt Issued (Repaid)	-9,379	-5,937	-3,373	-2,523	-1,765
Issuance of Common Stock	-	849.26	443.62	459.89	224.66
Repurchase of Common Stock	-15,000	-	-	-5,530	-
Other Financing Activities	0	3,758	446.17	-137.02	0
Financing Cash Flow	-24,379	-1,329	-2,483	-7,730	-1,541
Foreign Exchange Rate Adjustments	-376.37	833.74	-1,140	-1,079	-7.14
Net Cash Flow	-48,059	-51,745	-3,418	56,172	39,810
Free Cash Flow	-7,227	60,202	33,089	28,138	27,860
Free Cash Flow Growth	-	81.94%	17.59%	1.00%	-
Free Cash Flow Margin	-3.84%	23.51%	17.12%	21.26%	44.16%
Free Cash Flow Per Share	-113.40	922.25	510.26	510.05	974.60
Cash Interest Paid	4,261	4,387	1,177	520.76	488.01
Cash Income Tax Paid	10,416	7,637	6,588	3,989	2,076
Levered Free Cash Flow	1,450	32,565	48,775	-8,802	-
Unlevered Free Cash Flow	4,151	35,333	49,521	-8,474	-
Change in Working Capital	1,373	-584.85	-6,954	6,214	26,681

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