P&K Skin Research Center 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	4,685	5,816	4,813	7,130
Depreciation & Amortization	2,054	1,848	1,735	1,468
Loss (Gain) From Sale of Assets	-5.58	0.31	0	0.97
Loss (Gain) From Sale of Investments	760.03	-712.69	-140.01	185.18
Stock-Based Compensation	-	15.84	65.71	65.98
Provision & Write-off of Bad Debts	32.12	61.72	80.73	48.15
Other Operating Activities	-179.2	682.78	-1,263	-439.34
Change in Accounts Receivable	-637.28	236.27	146.84	-753.86
Change in Inventory	-59.13	-	-	-
Change in Accounts Payable	65.04	-	-	-
Change in Other Net Operating Assets	-34.23	1,083	110.94	-198.24
Operating Cash Flow	6,681	9,032	5,549	7,507
Operating Cash Flow Growth	-26.03%	62.77%	-26.08%	-
Capital Expenditures	-1,504	-622.12	-1,526	-1,230
Sale of Property, Plant & Equipment	8.36	-	-	-
Sale (Purchase) of Intangibles	-	-	-33.34	-126.01
Investment in Securities	-7,072	-8,102	6,468	-2,457
Other Investing Activities	239.83	-	-786.62	-406.26
Investing Cash Flow	-7,728	-8,874	972.22	-4,320
Long-Term Debt Repaid	-469.33	-394.27	-372.54	-318.02
Net Debt Issued (Repaid)	-469.33	-394.27	-372.54	-318.02
Issuance of Common Stock	-	-	-	1,495
Repurchase of Common Stock	-	-2,386	-610.61	-
Dividends Paid	-976.98	-714.68	-872.08	-892.93
Other Financing Activities	-	-	149	-0
Financing Cash Flow	-1,446	-3,495	-1,706	283.73
Foreign Exchange Rate Adjustments	-0.01	0.52	0.01	0.03
Net Cash Flow	-2,493	-3,336	4,815	3,471
Free Cash Flow	5,177	8,410	4,023	6,277
Free Cash Flow Growth	-38.45%	109.06%	-35.91%	-
Free Cash Flow Margin	22.72%	47.12%	27.10%	34.96%
Free Cash Flow Per Share	179.25	289.65	134.13	210.50
Cash Interest Paid	46.22	24.34	30.48	23.93
Cash Income Tax Paid	1,544	681.74	1,329	1,178
Levered Free Cash Flow	3,835	3,915	-2,996	-
Unlevered Free Cash Flow	3,868	3,931	-2,976	-
Change in Working Capital	-665.6	1,319	257.78	-952.1

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