CMES Inc. 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	-16,776	-13,463	-15,686	-9,056
Depreciation & Amortization	1,674	1,276	1,079	712.71
Loss (Gain) From Sale of Assets	0.79	0.36	169.46	-
Asset Writedown & Restructuring Costs	-	-	1,735	-
Loss (Gain) From Sale of Investments	-0.52	-1.55	-	-
Stock-Based Compensation	1,336	1,320	1,150	1,175
Provision & Write-off of Bad Debts	274.73	7.02	-1.21	1.21
Other Operating Activities	144.1	177.88	4,542	2,775
Change in Accounts Receivable	853.53	-1,558	-102.36	-320.16
Change in Inventory	-2,810	-465.13	113.6	-719.18
Change in Accounts Payable	48.11	466.86	-34.4	141.95
Change in Other Net Operating Assets	801.22	-411.6	-1,127	940.29
Operating Cash Flow	-14,454	-12,650	-8,161	-4,349
Capital Expenditures	-2,200	-1,413	-1,683	-1,711
Sale of Property, Plant & Equipment	22.4	-	5	-
Cash Acquisitions	-	-	-579.96	-
Sale (Purchase) of Intangibles	-99.56	-	-64.95	-451.2
Investment in Securities	-8,000	-	-49.77	-
Other Investing Activities	-419.44	-352.78	29.56	-1,157
Investing Cash Flow	-10,696	-1,965	-2,343	-3,420
Short-Term Debt Issued	1,578	-	-	-
Long-Term Debt Issued	-	579.94	1,760	-
Total Debt Issued	1,578	579.94	1,760	-
Short-Term Debt Repaid	-	-	-	-1,200
Long-Term Debt Repaid	-3,233	-762.55	-581.25	-488.41
Total Debt Repaid	-3,233	-762.55	-581.25	-1,688
Net Debt Issued (Repaid)	-1,654	-182.61	1,179	-1,688
Issuance of Common Stock	151.54	67,147	21.85	2.13
Other Financing Activities	-	-	-0	-0
Financing Cash Flow	-1,503	66,965	1,201	8,314
Foreign Exchange Rate Adjustments	10.75	29.14	-4.31	32.83
Net Cash Flow	-26,643	52,378	-9,308	577.6
Free Cash Flow	-16,654	-14,063	-9,845	-6,060
Free Cash Flow Margin	-127.56%	-204.16%	-128.87%	-129.50%
Free Cash Flow Per Share	-1428.99	-1464.27	-1421.72	-887.11
Cash Interest Paid	455.33	95.42	116.18	44.51
Cash Income Tax Paid	122.18	-10.98	11.5	86.61
Levered Free Cash Flow	-13,173	-8,512	-30,491	-
Unlevered Free Cash Flow	-13,137	-8,462	-29,433	-
Change in Working Capital	-1,107	-1,968	-1,150	42.89

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