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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	71,554	15,409	13,605	890.98
Depreciation & Amortization	1,337	729.51	425.91	204.04
Loss (Gain) From Sale of Assets	3.85	-	-	10.78
Stock-Based Compensation	4,404	1,431	2,325	1,366
Provision & Write-off of Bad Debts	22.73	11.69	-71.26	82.53
Other Operating Activities	5,189	40,673	19,056	13,934
Change in Accounts Receivable	-7,643	-5,794	-5,327	-376.14
Change in Inventory	-24,936	-31,013	-10,022	-1,476
Change in Accounts Payable	4,840	819.24	2,300	-547.01
Change in Other Net Operating Assets	-1,286	-6,458	2,010	78.7
Operating Cash Flow	53,286	15,809	24,301	14,168
Operating Cash Flow Growth	84.46%	-34.95%	71.53%	-
Capital Expenditures	-579.77	-834.61	-78.96	-492.86
Sale of Property, Plant & Equipment	-	-	-	9.5
Sale (Purchase) of Intangibles	-44.32	-302.75	-	-2.7
Investment in Securities	-68,300	-99.48	-	2,000
Other Investing Activities	-506.95	-553.87	-97.48	-233.49
Investing Cash Flow	-74,275	-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	-790.39	-400.77	-234.27	-129.01
Net Debt Issued (Repaid)	-790.39	-400.77	-234.27	-129.01
Issuance of Common Stock	40,868	592.76	444.04	12.18
Dividends Paid	-3,497	-2,372	-2,372	-
Other Financing Activities	0	-	-199.74	-0
Financing Cash Flow	36,580	-2,180	-2,362	2,883
Foreign Exchange Rate Adjustments	1,247	847.52	-147.63	-34.77
Net Cash Flow	16,838	12,686	21,616	18,296
Free Cash Flow	52,706	14,974	24,223	13,675
Free Cash Flow Growth	84.36%	-38.18%	77.13%	-
Free Cash Flow Margin	11.59%	4.84%	12.06%	9.42%
Free Cash Flow Per Share	4328.40	1404.63	2597.93	1583.25
Cash Interest Paid	225.77	770.09	569.8	38.59
Cash Income Tax Paid	15,734	5,130	2,664	531.4
Levered Free Cash Flow	41,255	-24,420	27,715	-
Unlevered Free Cash Flow	41,405	-23,931	28,527	-
Change in Working Capital	-29,025	-42,446	-11,039	-2,321

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