CUBOX 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-15,894	-10,660	-9,628
Depreciation & Amortization	4,161	4,127	2,664
Loss (Gain) From Sale of Assets	13.71	-0.57	-5.2
Loss (Gain) From Sale of Investments	-3.67	-3.71	-0.41
Stock-Based Compensation	324.9	250.83	616.17
Provision & Write-off of Bad Debts	-	-0.02	-0.42
Other Operating Activities	5,558	669.23	546.8
Change in Accounts Receivable	-1,636	-727.44	410.38
Change in Inventory	-21.42	-130.96	-54.08
Change in Accounts Payable	1,714	108.85	-2,091
Change in Other Net Operating Assets	-1,785	-1,951	1,140
Operating Cash Flow	-7,569	-8,319	-6,401
Capital Expenditures	-311.9	-384.48	-7,478
Sale of Property, Plant & Equipment	76.54	0.7	28.18
Divestitures	0	0	-
Sale (Purchase) of Intangibles	-348.88	-989.85	-1,184
Investment in Securities	355.72	110.33	-1,026
Other Investing Activities	-71.12	326.37	-126.1
Investing Cash Flow	-299.64	-936.95	-9,786
Long-Term Debt Issued	-	12,500	-
Long-Term Debt Repaid	-	-14,205	-5,446
Net Debt Issued (Repaid)	1,532	-1,705	-5,446
Issuance of Common Stock	2,773	230.04	23,265
Other Financing Activities	141.96	141.96	-747.74
Financing Cash Flow	2,400	-1,333	17,072
Foreign Exchange Rate Adjustments	-1.11	0.12	-
Net Cash Flow	-5,470	-10,589	884.07
Free Cash Flow	-7,881	-8,703	-13,879
Free Cash Flow Margin	-84.42%	-60.24%	-98.43%
Free Cash Flow Per Share	-711.41	-830.00	-1446.70
Cash Interest Paid	225.95	253.28	342.81
Cash Income Tax Paid	-	-86.42	98.48
Levered Free Cash Flow	-6,860	-4,695	-
Unlevered Free Cash Flow	-6,216	-3,740	-
Change in Working Capital	-1,728	-2,701	-594.28

Source: S&P Capital IQ. Standard template. Financial Sources.