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	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	15,505	13,552	5,332	6,984
Depreciation & Amortization	1,877	1,605	1,236	1,195
Loss (Gain) From Sale of Assets	-11.33	-3.76	0.18	-0.36
Asset Writedown & Restructuring Costs	-	253.07	260.89	-
Loss (Gain) From Sale of Investments	-0.38	-0.22	-0.23	-0.13
Provision & Write-off of Bad Debts	334.69	125.5	228	147.64
Other Operating Activities	-628.47	510.13	3,581	-238.66
Change in Accounts Receivable	275.87	-1,151	-255.91	225.71
Change in Inventory	-312.22	-	-	68.63
Change in Accounts Payable	-	-	-13.48	-
Change in Unearned Revenue	-	-	-56.96	-2.24
Change in Other Net Operating Assets	2,682	300.36	-1,067	1,043
Operating Cash Flow	19,722	15,191	9,244	9,423
Operating Cash Flow Growth	29.83%	64.32%	-1.90%	-
Capital Expenditures	-289.16	-3,527	-867.44	-108.73
Sale of Property, Plant & Equipment	10	2.2	-	-
Cash Acquisitions	-	-	-53.33	-
Sale (Purchase) of Intangibles	-92.06	-430	-7.63	-248.81
Investment in Securities	-38,401	-2,550	9,047	7,000
Other Investing Activities	0	0	0	-0
Investing Cash Flow	-38,927	-6,577	8,099	6,268
Long-Term Debt Repaid	-637.21	-431.49	-354.64	-252.51
Net Debt Issued (Repaid)	-637.21	-431.49	-354.64	-252.51
Issuance of Common Stock	-	38.91	-	-
Repurchase of Common Stock	-	-	-82.81	-
Dividends Paid	-4,289	-2,157	-	-
Other Financing Activities	168.7	-685.13	-1.79	-
Financing Cash Flow	-4,757	-3,234	-439.24	-252.51
Foreign Exchange Rate Adjustments	2.78	16.26	0.06	-0.14
Net Cash Flow	-23,959	5,396	16,905	15,439
Free Cash Flow	19,433	11,664	8,377	9,315
Free Cash Flow Growth	66.61%	39.24%	-10.07%	-
Free Cash Flow Margin	26.68%	17.39%	16.48%	24.30%
Free Cash Flow Per Share	456.95	270.69	197.82	238.64
Cash Interest Paid	882.72	863.67	561.35	561.48
Cash Income Tax Paid	3,617	2,351	2,191	1,891
Levered Free Cash Flow	15,227	8,048	6,177	-
Unlevered Free Cash Flow	15,778	8,600	6,702	-
Change in Working Capital	2,646	-850.63	-1,393	1,336

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