SECERN AI 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-15,164	-10,660	-9,628
Depreciation & Amortization	4,312	4,127	2,664
Loss (Gain) From Sale of Assets	3	-0.57	-5.2
Loss (Gain) From Sale of Investments	-11.28	-3.71	-0.41
Stock-Based Compensation	425.52	250.83	616.17
Provision & Write-off of Bad Debts	-191.45	-0.02	-0.42
Other Operating Activities	4,328	669.23	546.8
Change in Accounts Receivable	-5,389	-727.44	410.38
Change in Inventory	7.85	-130.96	-54.08
Change in Accounts Payable	4,316	108.85	-2,091
Change in Other Net Operating Assets	1,371	-1,951	1,140
Operating Cash Flow	-5,993	-8,319	-6,401
Capital Expenditures	-360.03	-384.48	-7,478
Sale of Property, Plant & Equipment	93.66	0.7	28.18
Divestitures	311.49	0	-
Sale (Purchase) of Intangibles	-31.11	-989.85	-1,184
Investment in Securities	-4,615	110.33	-1,026
Other Investing Activities	217.09	326.37	-126.1
Investing Cash Flow	-4,384	-936.95	-9,786
Long-Term Debt Issued	5,438	12,500	-
Long-Term Debt Repaid	-3,949	-14,205	-5,446
Net Debt Issued (Repaid)	1,489	-1,705	-5,446
Issuance of Common Stock	2,773	230.04	23,265
Repurchase of Common Stock	-2,047	-	-
Other Financing Activities	-0	141.96	-747.74
Financing Cash Flow	2,215	-1,333	17,072
Foreign Exchange Rate Adjustments	-0.14	0.12	-
Net Cash Flow	-8,162	-10,589	884.07
Free Cash Flow	-6,353	-8,703	-13,879
Free Cash Flow Margin	-45.48%	-60.24%	-98.43%
Free Cash Flow Per Share	-544.22	-830.27	-1446.70
Cash Interest Paid	197.48	253.28	342.81
Cash Income Tax Paid	-35.94	-86.42	98.48
Levered Free Cash Flow	-6,431	-4,695	-
Unlevered Free Cash Flow	-5,856	-3,740	-
Change in Working Capital	305.24	-2,701	-594.28

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