DEAR U Co., LTD. Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	25,179	18,630	24,388	26,190
Depreciation & Amortization	2,569	2,832	2,519	1,879
Loss (Gain) From Sale of Assets	-62.24	-62.24	-1.03	71.24
Loss (Gain) on Equity Investments	-200.32	-138.93	451.1	28.39
Other Operating Activities	13,051	14,325	10,013	8,047
Change in Accounts Receivable	-2,001	-2,774	1,192	-3,389
Change in Unearned Revenue	1,047	1,190	-653.06	727.91
Change in Other Net Operating Assets	-1,522	1,474	-14,175	-20,774
Operating Cash Flow	38,061	35,476	23,735	12,781
Operating Cash Flow Growth	50.29%	49.47%	85.71%	-
Capital Expenditures	-940.91	-567.89	-270.13	-3,322
Sale of Property, Plant & Equipment	1.1	-	63.46	2.94
Sale (Purchase) of Intangibles	-209.78	-209.78	-3,309	-4,034
Investment in Securities	-38,588	12,180	4,317	-35,200
Other Investing Activities	-1,024	-2,339	297.75	-983.1
Investing Cash Flow	-36,550	15,137	2,545	-40,538
Long-Term Debt Repaid	-	-763.38	-518.91	-277.82
Net Debt Issued (Repaid)	-798.85	-763.38	-518.91	-277.82
Issuance of Common Stock	-	-	-	2,863
Dividends Paid	-5,104	-5,104	-	-
Other Financing Activities	-	-	-	-0
Financing Cash Flow	-5,903	-5,867	-518.91	2,585
Foreign Exchange Rate Adjustments	-243.92	-1,168	1,520	-2,097
Net Cash Flow	-4,636	43,579	27,282	-27,270
Free Cash Flow	37,120	34,908	23,465	9,458
Free Cash Flow Growth	47.68%	48.77%	148.09%	-
Free Cash Flow Margin	41.38%	41.64%	31.34%	12.50%
Free Cash Flow Per Share	1563.42	1470.54	988.48	398.81
Cash Interest Paid	189.35	197.26	191.39	64
Cash Income Tax Paid	5,641	4,939	1,544	-425.28
Levered Free Cash Flow	27,428	25,368	14,567	-
Unlevered Free Cash Flow	27,551	25,494	14,687	-
Change in Working Capital	-2,476	-110.05	-13,636	-23,434