| Schedule of Cash Generated From Operations |
Cash generated from operations for the years ended December 31, 2025, 2024 and 2023 are as follows: | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | (In millions of Korean won) | | Profit for the year | ₩ | 67,310 | | | ₩ | 84,902 | | | ₩ | 131,982 | | | Depreciation expense | 6,211 | | | 6,023 | | | 5,252 | | | Amortization expense | 4,608 | | | 3,211 | | | 2,406 | | | Bad debt expenses | 752 | | | 589 | | | 1,402 | | | Unrealized foreign currency loss | 4,521 | | | 2,026 | | | 1,595 | | | Interest expense | 282 | | | 135 | | | 162 | | | Loss on disposal of property and equipment | — | | | 6 | | | — | | | Loss on disposal of intangible assets | 4 | | | — | | | — | | | Impairment loss on intangible assets | 53 | | | 615 | | | 1,531 | | | Impairment loss on other non-current assets | 1,876 | | | 962 | | | — | | Post-employment benefit expense | 352 | | | 127 | | | 23 | | | Income tax expense | 23,629 | | | 21,445 | | | 36,717 | | | Unrealized foreign currency gain | (2,323) | | | (3,579) | | | (1,417) | | | Interest income | (15,822) | | | (17,059) | | | (11,492) | | | Gain on disposal of property and equipment | (4) | | | (8) | | | (20) | | | Others | — | | | — | | | 6 | | | Change in accounts receivable | 22,169 | | | (1,886) | | | 2,365 | | | Change in other receivables | (1,249) | | | 2,748 | | | (3,770) | | | Change in prepaid expenses | (5,524) | | | (4,493) | | | 397 | | | Change in prepayment | — | | | — | | | (1) | | | Change in other current assets | 102 | | | (124) | | | (696) | | | Change in other non-current assets | (3,956) | | | (2,318) | | | (3,486) | | | Change in accounts payable | (9,509) | | | (2,879) | | | (13,837) | | | Change in deferred revenue | (7,617) | | | 5,984 | | | (1,292) | | | Change in withholdings | 276 | | | (1,546) | | | (262) | | | Change in accrued expenses | (65) | | | 226 | | | 255 | | | Change in other current liabilities | — | | | — | | | 165 | | | Change in other non-current liabilities | (3) | | | 467 | | | 2,247 | | | Total | ₩ | 86,073 | | | ₩ | 95,574 | | | ₩ | 150,232 | |
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| Schedule of Significant Non-cash Transactions |
Significant non-cash transactions for the years ended December 31, 2025, 2024 and 2023 are as follows: | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | (In millions of Korean won) | | Reclassification of prepayment to intangible assets | ₩ | 130 | | | ₩ | 212 | | | ₩ | 102 | | | Increase of accounts payable relating to the acquisition of software | 2,046 | | | 292 | | | 2,033 | | | Increase of accounts payable relating to the acquisition of other intangible assets | 725 | | | 2,557 | | | 1,147 | | | Increase of accounts payable relating to the acquisition of other non-current assets | 4,450 | | | — | | | — | | | Reclassification of other non-current financial asset to other non- current assets | — | | | — | | | 1,030 | | | Acquisitions of right-of-use assets | 5,837 | | | 4,912 | | | 4,704 | |
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| Schedule of Changes in Liabilities Arising From Financing Activities |
Changes in liabilities arising from financing activities for the year ended December 31, 2025, 2024 and 2023 are as follows: | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | (In millions of Korean won) | | Beginning of the year | ₩7,121 | | ₩6,562 | | ₩5,963 | | Cash flows used in financing activities – Payment of lease liabilities | (4,514) | | | (4,525) | | | (4,083) | | | Cash flows from operating activities – Interest paid | (272) | | | (130) | | | (157) | | | Non-cash transactions | | | | | | | Acquisitions – leases | 5,628 | | | 4,912 | | | 4,358 | | | Interest expense | 272 | | | 130 | | | 157 | | | Others | — | | | (17) | | | 260 | | | Translation difference | 76 | | | 189 | | | 64 | | | Ending of the year | ₩8,311 | | ₩7,121 | | ₩6,562 |
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