ANGEL ROBOTICS 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	-9,715	-10,006	-9,239	-6,797	-24,094
Depreciation & Amortization	1,831	1,830	1,279	1,117	666.28
Loss (Gain) From Sale of Assets	151.1	58.52	0.14	50.83	245.87
Loss (Gain) From Sale of Investments	-	-	-14.04	-159.63	-
Stock-Based Compensation	755.95	653.39	865.45	779.36	500.28
Other Operating Activities	346.5	494.41	2,948	48.63	18,986
Change in Accounts Receivable	-1.47	286.68	-573.43	-243.5	-191.5
Change in Inventory	-275.44	-351.34	349.59	-734.5	-315.92
Change in Accounts Payable	-40.32	-41.95	-94.15	144.91	-
Change in Other Net Operating Assets	-272.03	-150.18	125.92	34.74	447.33
Operating Cash Flow	-7,219	-7,226	-4,353	-5,759	-3,756
Capital Expenditures	-897.42	-1,538	-731.09	-782.88	-1,652
Sale of Property, Plant & Equipment	79.45	-	0.05	-	-
Sale (Purchase) of Intangibles	-83.05	-577.25	-474.5	-136.44	-161.18
Investment in Securities	-6,000	-6,440	-1,933	6,106	-14,000
Other Investing Activities	-80.74	-97.02	-62.4	-11.8	-253
Investing Cash Flow	-5,353	-12,924	-3,201	5,175	-16,067
Long-Term Debt Repaid	-513.91	-605.66	-440.66	-437.85	-213.5
Net Debt Issued (Repaid)	-513.91	-605.66	-440.66	-437.85	-213.5
Issuance of Common Stock	1,173	31,659	86.56	7.64	17,919
Other Financing Activities	-	-0	-0	0	-
Financing Cash Flow	658.99	31,053	9,646	-430.21	17,706
Foreign Exchange Rate Adjustments	0.16	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-0	-0	-	0
Net Cash Flow	-11,913	10,903	2,093	-1,014	-2,116
Free Cash Flow	-8,117	-8,765	-5,084	-6,542	-5,408
Free Cash Flow Margin	-174.88%	-208.14%	-98.79%	-299.51%	-664.43%
Free Cash Flow Per Share	-536.38	-601.78	-487.53	-741.10	-718.47
Cash Interest Paid	122.89	74.11	73.75	51.37	99.28
Cash Income Tax Paid	-24.44	107.55	2.53	-1.23	0.29
Levered Free Cash Flow	-5,224	-6,644	-28,884	-5,791	21,619
Unlevered Free Cash Flow	-5,144	-6,596	-28,501	-5,287	22,109
Change in Working Capital	-589.26	-256.78	-192.07	-798.35	-60.09

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