Nota Inc. 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	-25,728	-24,852	-13,135
Depreciation & Amortization	1,575	1,779	803.04
Stock-Based Compensation	2,543	1,356	436.71
Provision & Write-off of Bad Debts	167.67	195.72	8.91
Other Operating Activities	12,819	13,768	2,589
Change in Accounts Receivable	-272.97	-763.47	-979.68
Change in Inventory	-79.34	-79.34	-72.1
Change in Other Net Operating Assets	-2,824	-2,198	2,354
Operating Cash Flow	-11,800	-10,794	-7,995
Capital Expenditures	-357.64	-1,195	-138.52
Investment in Securities	12,063	-11,747	-
Other Investing Activities	584.35	-40.81	-474.59
Investing Cash Flow	12,290	-12,983	-613.1
Short-Term Debt Issued	-	2,700	3,000
Total Debt Issued	-	2,700	3,000
Short-Term Debt Repaid	-	-1,000	-1,300
Long-Term Debt Repaid	-	-1,480	-1,118
Total Debt Repaid	-1,990	-2,480	-2,418
Net Debt Issued (Repaid)	-1,990	219.8	581.86
Issuance of Common Stock	1,252	1,605	27.87
Other Financing Activities	-	21,424	-0
Financing Cash Flow	-722.13	27,700	609.73
Foreign Exchange Rate Adjustments	-23.86	-93.22	18.01
Net Cash Flow	-255.89	3,831	-7,980
Free Cash Flow	-12,158	-11,989	-8,133
Free Cash Flow Margin	-118.92%	-142.09%	-227.14%
Free Cash Flow Per Share	-1960.37	-502280.31	-353936.84
Cash Interest Paid	197.64	223.67	62.65
Cash Income Tax Paid	48.4	28.86	17.03
Levered Free Cash Flow	-	20,738	-
Unlevered Free Cash Flow	-	23,433	-
Change in Working Capital	-3,177	-3,041	1,302

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