Gaonchips 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-14,369	7,531	6,344	4,419	6,183
Depreciation & Amortization	7,477	5,915	4,250	2,231	1,230
Loss (Gain) From Sale of Assets	197.43	-	183.81	4.4	-
Loss (Gain) From Sale of Investments	-4.51	2.72	0.98	-	-
Stock-Based Compensation	458.22	592.39	398.28	172.64	23.35
Other Operating Activities	-2,143	-2,347	-1,910	446	120.05
Change in Accounts Receivable	13,952	-4,485	-7,029	-4,860	349.54
Change in Inventory	-1,061	-	-	-	-
Change in Accounts Payable	-1,046	13,901	8,682	-4,254	1,449
Change in Other Net Operating Assets	-4,310	-10,306	-5,255	7,762	-5,902
Operating Cash Flow	-848.73	10,804	5,666	5,920	3,453
Operating Cash Flow Growth	-	90.67%	-4.29%	71.46%	-
Capital Expenditures	-5,210	-9,505	-6,775	-6,081	-2,650
Sale of Property, Plant & Equipment	67.55	-	-	-	-
Sale (Purchase) of Intangibles	-2,993	-1,293	-4,109	-5,439	-217.37
Investment in Securities	9,000	12,278	1,725	-19,571	-5,354
Other Investing Activities	1,475	452.18	915.49	-58.43	-61.24
Investing Cash Flow	2,014	1,313	-9,281	-31,709	-8,283
Long-Term Debt Issued	34,499	-	-	3,591	1,234
Long-Term Debt Repaid	-807.62	-716.94	-367.73	-375.03	-291.72
Net Debt Issued (Repaid)	33,691	-716.94	-367.73	3,216	942.28
Issuance of Common Stock	2.45	106.98	-	27,937	-
Other Financing Activities	-0	-	-	-	-23.96
Financing Cash Flow	33,693	-609.96	-367.73	31,153	918.31
Foreign Exchange Rate Adjustments	-848.28	210.25	-13.99	8.73	142.33
Net Cash Flow	34,011	11,717	-3,996	5,373	-3,770
Free Cash Flow	-6,059	1,298	-1,109	-160.15	802.68
Free Cash Flow Margin	-8.84%	1.35%	-1.74%	-0.37%	2.49%
Free Cash Flow Per Share	-522.44	112.94	-96.50	-14.96	85.14
Cash Interest Paid	286.09	305.26	164.26	45.24	16.01
Cash Income Tax Paid	820.48	1,397	412.17	651.21	66.52
Levered Free Cash Flow	15,345	-2,678	-9,331	-6,376	-
Unlevered Free Cash Flow	16,744	-2,392	-9,142	-6,343	-
Change in Working Capital	7,535	-889.48	-3,601	-1,352	-4,103

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