SEERS 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Net Income	16,089	-8,871
Depreciation & Amortization	1,309	1,124
Stock-Based Compensation	1,309	28.03
Provision & Write-off of Bad Debts	-18.86	-43.98
Other Operating Activities	763.9	430.7
Change in Accounts Receivable	-17,807	-3,676
Change in Inventory	-2,780	-215.4
Change in Accounts Payable	3,494	47.38
Change in Other Net Operating Assets	-271.93	76.71
Operating Cash Flow	2,086	-11,101
Capital Expenditures	-1,476	-396.28
Cash Acquisitions	100	-
Sale (Purchase) of Intangibles	-156.05	-10
Investment in Securities	-	-1,000
Other Investing Activities	-468.94	-10.54
Investing Cash Flow	-2,031	-1,417
Short-Term Debt Issued	-	1,930
Total Debt Issued	-	1,930
Short-Term Debt Repaid	-	-4,930
Long-Term Debt Repaid	-420.9	-310.19
Total Debt Repaid	-420.9	-5,240
Net Debt Issued (Repaid)	-420.9	-3,310
Issuance of Common Stock	648.52	22,486
Other Financing Activities	-0	0
Financing Cash Flow	227.63	19,176
Foreign Exchange Rate Adjustments	11.41	-
Miscellaneous Cash Flow Adjustments	-	-0
Net Cash Flow	294.55	6,659
Free Cash Flow	610.5	-11,497
Free Cash Flow Margin	1.27%	-141.94%
Free Cash Flow Per Share	16.20	-325.28
Cash Interest Paid	234.25	396.51
Cash Income Tax Paid	-7.58	28.56
Levered Free Cash Flow	-6,089	-
Unlevered Free Cash Flow	-5,940	-
Change in Working Capital	-17,366	-3,768

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