Messe eSang 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 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	16,853	13,552	5,332	6,984
Depreciation & Amortization	1,817	1,605	1,236	1,195
Loss (Gain) From Sale of Assets	0	-3.76	0.18	-0.36
Asset Writedown & Restructuring Costs	253.07	253.07	260.89	-
Loss (Gain) From Sale of Investments	-0.4	-0.22	-0.23	-0.13
Provision & Write-off of Bad Debts	19.06	125.5	228	147.64
Other Operating Activities	-327.61	510.13	3,581	-238.66
Change in Accounts Receivable	-1,019	-1,151	-255.91	225.71
Change in Inventory	-	-	-	68.63
Change in Accounts Payable	-	-	-13.48	-
Change in Unearned Revenue	30.7	-	-56.96	-2.24
Change in Other Net Operating Assets	1,836	300.36	-1,067	1,043
Operating Cash Flow	19,463	15,191	9,244	9,423
Operating Cash Flow Growth	57.81%	64.32%	-1.90%	-
Capital Expenditures	-3,278	-3,527	-867.44	-108.73
Sale of Property, Plant & Equipment	-	2.2	-	-
Cash Acquisitions	-	-	-53.33	-
Sale (Purchase) of Intangibles	-	-430	-7.63	-248.81
Investment in Securities	-2,000	-2,550	9,047	7,000
Other Investing Activities	0	0	0	-0
Investing Cash Flow	-5,413	-6,577	8,099	6,268
Long-Term Debt Repaid	-	-431.49	-354.64	-252.51
Net Debt Issued (Repaid)	-668.17	-431.49	-354.64	-252.51
Issuance of Common Stock	3.08	38.91	-	-
Repurchase of Common Stock	-	-	-82.81	-
Dividends Paid	-4,289	-2,157	-	-
Other Financing Activities	15.62	-685.13	-1.79	-
Financing Cash Flow	-4,938	-3,234	-439.24	-252.51
Foreign Exchange Rate Adjustments	16.23	16.26	0.06	-0.14
Net Cash Flow	9,128	5,396	16,905	15,439
Free Cash Flow	16,184	11,664	8,377	9,315
Free Cash Flow Growth	42.69%	39.24%	-10.07%	-
Free Cash Flow Margin	22.25%	17.39%	16.48%	24.30%
Free Cash Flow Per Share	378.21	270.69	197.82	238.64
Cash Interest Paid	1,005	863.67	561.35	561.48
Cash Income Tax Paid	3,245	2,351	2,191	1,891
Levered Free Cash Flow	11,486	8,051	6,177	-
Unlevered Free Cash Flow	12,053	8,603	6,702	-
Change in Working Capital	847.99	-850.63	-1,393	1,336

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