Pharos iBio 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	FY 2020	2019
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	Dec '20 Dec 31, 2020	2019
Net Income	-9,823	-10,560	-8,858	-17,062	-31,471	-13,398	Upgrade
Depreciation & Amortization	832.97	802.91	684.91	578.1	350.09	155.37	Upgrade
Loss (Gain) From Sale of Assets	-	37.27	41.7	-24.43	-3.2	-	Upgrade
Loss (Gain) From Sale of Investments	-	-	-	-	-	27.15	Upgrade
Stock-Based Compensation	604.67	484.25	533.61	618.15	386.27	168.3	Upgrade
Other Operating Activities	-273.92	-43.04	15.56	7,683	24,007	7,672	Upgrade
Change in Accounts Receivable	-	-	-	-	-	17.41	Upgrade
Change in Other Net Operating Assets	384.78	-48.55	169.48	22.76	-588.38	71.5	Upgrade
Operating Cash Flow	-8,274	-9,327	-7,413	-8,184	-7,319	-5,287	Upgrade
Capital Expenditures	-336.54	-676.78	-839.64	-328.28	-1,170	-264.38	Upgrade
Sale of Property, Plant & Equipment	-	-	4	46.32	14.55	-	Upgrade
Sale (Purchase) of Intangibles	-368.94	-341.44	-15.1	-5.8	-310.81	-21.18	Upgrade
Investment in Securities	9,084	590.7	1,368	-6,267	-	-3,926	Upgrade
Other Investing Activities	1.63	19.83	-43.18	-11.92	-91.25	-6.5	Upgrade
Investing Cash Flow	8,380	-407.69	474.34	-6,567	-1,557	-4,218	Upgrade
Long-Term Debt Repaid	-	-163.6	-267.2	-271.11	-383.72	-131.58	Upgrade
Net Debt Issued (Repaid)	-158.34	-163.6	-267.2	-271.11	-383.72	-131.58	Upgrade
Issuance of Common Stock	132.12	132.12	19,073	-	-	41.03	Upgrade
Other Financing Activities	33.33	-	-0	-	-2	2	Upgrade
Financing Cash Flow	7.11	-31.48	18,805	-271.11	17,635	15,906	Upgrade
Foreign Exchange Rate Adjustments	640.11	538.18	-90.8	21.67	246.65	-195.92	Upgrade
Net Cash Flow	753.03	-9,228	11,776	-15,000	9,005	6,205	Upgrade
Free Cash Flow	-8,611	-10,004	-8,253	-8,512	-8,489	-5,551	Upgrade
Free Cash Flow Margin	-	-	-	-2837.42%	-14892.94%	-2957.82%	Upgrade
Free Cash Flow Per Share	-665.41	-774.15	-681.98	-958.46	-1462.70	-981.82	Upgrade
Cash Interest Paid	-	-	6.69	16.94	17.68	22.15	Upgrade
Cash Income Tax Paid	-	19.49	74.11	10.01	6.62	-0.36	Upgrade
Levered Free Cash Flow	-6,663	-8,142	-6,202	-50,167	14,875	2,769	Upgrade
Unlevered Free Cash Flow	-6,658	-8,139	-6,195	-48,153	18,946	5,443	Upgrade
Change in Working Capital	384.78	-48.55	169.48	22.76	-588.38	88.91	Upgrade

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