Virnect 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-10,637	-12,641	-10,357	-8,481	-8,976
Depreciation & Amortization	933.73	916.04	1,164	1,296	395.68
Loss (Gain) From Sale of Assets	66.11	49.85	61.08	0.59	-
Loss (Gain) From Sale of Investments	255.66	403.25	-624.84	-100.61	-
Stock-Based Compensation	28.9	12.58	269.79	388.54	236.71
Other Operating Activities	485.89	346.05	-180.72	-5,428	4,279
Change in Accounts Receivable	470.34	325.41	57.01	-330.51	-47.92
Change in Inventory	29.51	5.96	15.73	-2.5	15.64
Change in Accounts Payable	-24.91	107.47	-133.09	133.44	4.79
Change in Unearned Revenue	-56.7	-56.7	-	-	-
Change in Other Net Operating Assets	-814.49	-409.13	-2,129	1,276	1,526
Operating Cash Flow	-9,263	-10,940	-11,857	-11,248	-2,567
Capital Expenditures	-420.38	-288.53	-141.59	-1,381	-713.71
Sale of Property, Plant & Equipment	-1.81	2.73	40.92	3.01	-
Sale (Purchase) of Intangibles	-40.98	-109.28	-265.66	-166.95	-43.48
Investment in Securities	18,441	15,299	-16,936	-13,763	1,486
Other Investing Activities	207.43	183.4	703.52	-395.83	46.25
Investing Cash Flow	18,185	15,087	-16,603	-15,704	775.43
Short-Term Debt Issued	-	-	-	700.31	900
Long-Term Debt Issued	-	-	-	5,500	500
Total Debt Issued	-	-	-	6,200	1,400
Short-Term Debt Repaid	-	-	-	-200.31	-
Long-Term Debt Repaid	-	-569.71	-1,029	-6,170	-324.98
Total Debt Repaid	-655.27	-569.71	-1,029	-6,371	-324.98
Net Debt Issued (Repaid)	-655.27	-569.71	-1,029	-170.4	1,075
Issuance of Common Stock	-	296.49	32,268	-	9,996
Other Financing Activities	-	-1.18	-1,621	-33.23	-39.87
Financing Cash Flow	-655.27	-274.4	29,618	-203.63	31,031
Foreign Exchange Rate Adjustments	105.74	109.37	-8.27	-9.05	-0.28
Net Cash Flow	8,373	3,982	1,150	-27,165	29,239
Free Cash Flow	-9,683	-11,229	-11,999	-12,629	-3,281
Free Cash Flow Margin	-217.15%	-244.15%	-184.54%	-249.77%	-91.93%
Free Cash Flow Per Share	-868.82	-1010.06	-1221.21	-2555.28	-837.53
Cash Interest Paid	300.28	321.64	348.37	215.72	109.29
Cash Income Tax Paid	-	138.17	35.79	34.53	-1.59
Levered Free Cash Flow	-6,332	-7,559	-8,464	-33,183	-
Unlevered Free Cash Flow	-6,120	-7,330	-8,228	-31,953	-
Change in Working Capital	-396.25	-27	-2,189	1,077	1,498

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