Esteem 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	2,079	1,372	-1,727
Depreciation & Amortization	1,072	1,109	1,097
Loss (Gain) From Sale of Assets	-	-	-13.99
Loss (Gain) From Sale of Investments	-15.77	-50.53	0.84
Stock-Based Compensation	331.68	334.66	524.52
Provision & Write-off of Bad Debts	201.18	48.14	403.96
Other Operating Activities	431.02	474.34	-184.14
Change in Accounts Receivable	-1,087	-9.96	-470.75
Change in Inventory	-0.22	27.7	-38.18
Change in Accounts Payable	890.34	-386.12	1,086
Change in Unearned Revenue	-	-	32.68
Change in Other Net Operating Assets	-2,235	496.75	-634.78
Operating Cash Flow	1,667	3,416	75.23
Operating Cash Flow Growth	-51.18%	4439.97%	-
Capital Expenditures	-	-16.55	-126.65
Sale of Property, Plant & Equipment	-	-	14.09
Investment in Securities	-375.29	-1,022	-77.79
Other Investing Activities	43.94	4.17	-126.61
Investing Cash Flow	-331.35	-1,034	-316.97
Long-Term Debt Repaid	-775.77	-807.77	-807.21
Net Debt Issued (Repaid)	-775.77	-807.77	-807.21
Other Financing Activities	-	-	-1,039
Financing Cash Flow	-775.77	-807.77	-1,846
Foreign Exchange Rate Adjustments	-10.15	5.38	-7.9
Miscellaneous Cash Flow Adjustments	-0	-0	-0
Net Cash Flow	550.07	1,579	-2,096
Free Cash Flow	1,667	3,399	-51.42
Free Cash Flow Growth	-50.94%	-	-
Free Cash Flow Margin	4.74%	9.55%	-0.15%
Free Cash Flow Per Share	223.02	490.34	-7.71
Cash Income Tax Paid	15.53	250.07	322.42
Levered Free Cash Flow	1,082	2,478	-
Unlevered Free Cash Flow	1,255	2,679	-
Change in Working Capital	-2,432	128.38	-25.32

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