Shaperon 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	-15,528	-14,903	-12,403	-10,673
Depreciation & Amortization	1,217	1,196	787.46	539.29
Loss (Gain) From Sale of Assets	1.19	-0.25	0.05	13.87
Asset Writedown & Restructuring Costs	1.53	-	-	-
Stock-Based Compensation	33.98	-663.29	292.42	1,253
Other Operating Activities	-159	872.17	-18.19	262.49
Change in Accounts Receivable	-0.03	-	-	-
Change in Inventory	34.62	-	85.37	124.42
Change in Other Net Operating Assets	-103.15	-3,238	-1,753	527.7
Operating Cash Flow	-14,501	-16,737	-13,010	-7,952
Capital Expenditures	-28.91	-283.75	-1,907	-187.26
Sale of Property, Plant & Equipment	41.9	0.25	-	-
Sale (Purchase) of Intangibles	-375.86	-280.33	-25.38	-
Investment in Securities	-23,653	13,500	14,000	-7,500
Other Investing Activities	-13.19	38.92	-511.12	110.4
Investing Cash Flow	-24,029	12,975	11,556	-7,577
Long-Term Debt Repaid	-345.09	-338.45	-259.39	-131.57
Net Debt Issued (Repaid)	-345.09	-338.45	-259.39	-131.57
Issuance of Common Stock	24,273	12,467	1,947	14,262
Other Financing Activities	124.98	423.63	1,908	624.07
Financing Cash Flow	24,053	12,552	3,595	14,754
Foreign Exchange Rate Adjustments	-27.01	108.24	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-0
Net Cash Flow	-14,504	8,898	2,142	-774.1
Free Cash Flow	-14,530	-17,021	-14,917	-8,139
Free Cash Flow Margin	-6378.45%	-96138.63%	-6929.84%	-406.95%
Free Cash Flow Per Share	-449.17	-631.59	-650.13	-405.71
Cash Interest Paid	17.82	82.26	75.63	10.36
Cash Income Tax Paid	-98.83	-3.09	60.01	29.31
Levered Free Cash Flow	-8,939	-9,066	-9,648	-
Unlevered Free Cash Flow	-8,916	-9,032	-9,625	-
Change in Working Capital	-68.57	-3,238	-1,668	652.12

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