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CONSOLIDATED STATEMENTS OF CASH FLOWS - KRW (₩)
₩ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities      
Net income(loss) for the period ₩ (208,109,887) ₩ (3,558,195) ₩ 2,792,350
Adjustments to reconcile net income to net cash provided by (used in) operating activities 199,104,676 2,368,242 (6,881,338)
Interest received 61,374 38,436 70,995
Interest paid (1,094,541) (999,198) (1,184,042)
Income tax refund (paid) 262,561 (707,915) (3,176,978)
Dividend received 2,613 1,463 1,463
Net cash outflow from operating activities (9,773,204) (2,857,167) (8,377,550)
Cash flows from investing activities      
Proceeds from short-term loans 439,284 1,779,500 320,000
- Related parties 240,000 1,279,500 310,000
- Non-related parties 199,284 500,000 10,000
Proceeds from disposal of property and equipment 25,255 53,277 4,293
Disposal of Short-term investment securities 1,065,688
Disposal of Long-term investment securities 526,710
- Related parties 500,000
- Non-related parties 26,710
Disposal of Short-term financial instruments 37,926
Disposal of other financial assets 1,157,094 334,987 4,135,728
Payments for short-term loans (2,986,461) (2,079,000) (3,840,576)
- Related parties 1,626,460 1,834,000 3,690,576
- Non-related parties (1,360,001) (245,000) (150,000)
Purchase of property and equipment (114,734) (273,220) (949,583)
Acquisition of Long-term investment securities (2,391,167)
Acquisition of Short-term financial instruments (26,032)
Acquisition of other financial assets (742,380) (178,068) (610,093)
Proceeds from Lease Incentives 1,486 150,150
Purchase of intangible assets (13,823,661)
Payments for long-term loans (21,000) (1,000,000)
- Related parties 1,000
Acquisitions, net of cash acquired 3,508,608
Increase of cash from merger 146
Prepayment for acquisition of HANSOL INTICUBE Co., Ltd. (3,000,367)
Net cash outflow from investing activities (16,345,091) (361,038) (1,790,081)
Cash flows from financing activities      
Proceeds from issuance of convertible notes, net of issuance costs 25,572,797
Proceeds from long-term borrowings 3,390,000
- Related parties 3,390,000
Proceeds from short-term borrowings 6,352,333 870,000 130,000
- Related parties 1,009,387 470,000 130,000
- Non-related parties 5,342,946 400,000
Repayment of current portion of long-term borrowings (18,720) (24,960) (24,960)
Repayment of short-term borrowings (3,410,294) (394,000)
- Related parties 976,480 394,000
- Non-related parties 2,433,814
Issuance of new shares, net of investment withholdings 1,408,406
Acquisition of Treasury shares (725,630) (75,000) (10,677,100)
Repayment of lease liabilities (2,055,725) (1,663,415) (1,617,756)
Proceeds from Capital Reorganisation 62,655
Prepayment of Deposit for treasury stock repurchase (284,776)
Net cash inflow(outflow) from financing activities 30,291,046 (1,287,375) (12,189,816)
Effect of exchange rate changes on cash and cash equivalents 41,109 70,518 361,525
Net increase (decrease) in cash and cash equivalents 4,213,860 (4,505,580) (22,357,447)
Cash and cash equivalents at beginning of the year 4,150,572 8,585,634 30,581,556
Cash and cash equivalents at end of the year ₩ 8,364,432 ₩ 4,150,572 ₩ 8,585,634