T&R Biofab 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-34,944	-7,679	-13,419
Depreciation & Amortization	5,034	2,404	2,156
Loss (Gain) From Sale of Assets	-72.86	5.8	0.14
Asset Writedown & Restructuring Costs	-	-	195.49
Loss (Gain) From Sale of Investments	-1,474	517.37	-5.26
Stock-Based Compensation	331.98	792.02	1,347
Provision & Write-off of Bad Debts	-462.7	792.12	542.03
Other Operating Activities	25,956	-5,237	2,105
Change in Accounts Receivable	-2,864	-531.04	-843.53
Change in Inventory	1,006	-612.32	361.88
Change in Accounts Payable	264.41	-1,070	-1.18
Change in Unearned Revenue	-	46.9	-
Change in Other Net Operating Assets	-239.92	-1,162	597.43
Operating Cash Flow	-7,466	-11,733	-6,963
Capital Expenditures	-2,146	-2,576	-12,493
Sale of Property, Plant & Equipment	27.3	-	-
Cash Acquisitions	-	-6,453	-
Sale (Purchase) of Intangibles	-18.96	-232.19	-237.02
Investment in Securities	1,822	22,726	-25,002
Other Investing Activities	1,966	145.27	138.24
Investing Cash Flow	1,729	11,689	-37,515
Long-Term Debt Issued	12,000	17,200	34,000
Short-Term Debt Repaid	-100	-	-
Long-Term Debt Repaid	-37,210	-25,549	-6,478
Total Debt Repaid	-37,310	-25,549	-6,478
Net Debt Issued (Repaid)	-25,310	-8,349	27,522
Issuance of Common Stock	22,664	34.18	2,024
Repurchase of Common Stock	-2.12	-	-
Other Financing Activities	-532.3	0	38.42
Financing Cash Flow	-3,180	-3,515	29,585
Foreign Exchange Rate Adjustments	5.66	2.43	-0.25
Miscellaneous Cash Flow Adjustments	-	-	-0
Net Cash Flow	-8,911	-3,556	-14,894
Free Cash Flow	-9,612	-14,309	-19,456
Free Cash Flow Margin	-35.64%	-293.60%	-374.22%
Free Cash Flow Per Share	-300.65	-553.45	-764.65
Cash Interest Paid	3,342	860.99	191.13
Cash Income Tax Paid	-78.52	3.99	-14.54
Levered Free Cash Flow	-12,325	-19,550	-
Unlevered Free Cash Flow	-8,523	-17,631	-
Change in Working Capital	-1,834	-3,328	114.61

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