d'Alba Global 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	67,156	15,409	13,605	890.98
Depreciation & Amortization	1,147	729.51	425.91	204.04
Loss (Gain) From Sale of Assets	3.85	-	-	10.78
Stock-Based Compensation	2,883	1,431	2,325	1,366
Provision & Write-off of Bad Debts	33.11	11.69	-71.26	82.53
Other Operating Activities	7,166	40,673	19,056	13,934
Change in Accounts Receivable	-3,307	-5,794	-5,327	-376.14
Change in Inventory	-22,844	-31,013	-10,022	-1,476
Change in Accounts Payable	3,369	819.24	2,300	-547.01
Change in Other Net Operating Assets	598.34	-6,458	2,010	78.7
Operating Cash Flow	57,385	15,809	24,301	14,168
Operating Cash Flow Growth	136.14%	-34.95%	71.53%	-
Capital Expenditures	-683.43	-834.61	-78.96	-492.86
Sale of Property, Plant & Equipment	-	-	-	9.5
Sale (Purchase) of Intangibles	-86.48	-302.75	-	-2.7
Investment in Securities	-21,625	-99.48	-	2,000
Other Investing Activities	-521.29	-553.87	-97.48	-233.49
Investing Cash Flow	-27,444	-1,791	-176.44	1,280
Short-Term Debt Repaid	-	-	-	-0.08
Long-Term Debt Repaid	-	-400.77	-234.27	-128.94
Total Debt Repaid	-654.85	-400.77	-234.27	-129.01
Net Debt Issued (Repaid)	-654.85	-400.77	-234.27	-129.01
Issuance of Common Stock	40,116	592.76	444.04	12.18
Dividends Paid	-3,497	-2,372	-2,372	-
Other Financing Activities	0	-	-199.74	-0
Financing Cash Flow	35,965	-2,180	-2,362	2,883
Foreign Exchange Rate Adjustments	162.19	847.52	-147.63	-34.77
Net Cash Flow	66,067	12,686	21,616	18,296
Free Cash Flow	56,702	14,974	24,223	13,675
Free Cash Flow Growth	134.09%	-38.18%	77.13%	-
Free Cash Flow Margin	13.79%	4.84%	12.06%	9.42%
Free Cash Flow Per Share	4846.11	1404.63	2597.93	1583.25
Cash Interest Paid	203.72	770.09	569.8	38.59
Cash Income Tax Paid	13,421	5,130	2,664	531.4
Levered Free Cash Flow	-	-24,420	27,715	-
Unlevered Free Cash Flow	-	-23,931	28,527	-
Change in Working Capital	-22,183	-42,446	-11,039	-2,321

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