Deokyang Energen 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Net Income	4,516	3,024
Depreciation & Amortization	4,462	4,902
Loss (Gain) From Sale of Assets	24.13	-
Loss (Gain) From Sale of Investments	-415.72	-245.3
Loss (Gain) on Equity Investments	3,137	2,645
Provision & Write-off of Bad Debts	21.74	27.81
Other Operating Activities	5,859	8,084
Change in Accounts Receivable	697.86	-272.21
Change in Inventory	-91.41	215.08
Change in Accounts Payable	956.73	12.64
Change in Other Net Operating Assets	-4,135	-147.03
Operating Cash Flow	15,032	18,247
Operating Cash Flow Growth	-17.62%	-
Capital Expenditures	-17,945	-9,844
Divestitures	1,977	-
Sale (Purchase) of Intangibles	-100.83	-219
Investment in Securities	-39,219	-21,042
Other Investing Activities	-26,184	-12,378
Investing Cash Flow	-81,871	-43,524
Short-Term Debt Issued	6,500	8,000
Total Debt Issued	6,500	8,000
Long-Term Debt Repaid	-220.96	-227.2
Net Debt Issued (Repaid)	6,279	7,773
Issuance of Common Stock	1,610	-
Dividends Paid	-591.64	-800
Other Financing Activities	42,672	12,681
Financing Cash Flow	44,843	24,653
Net Cash Flow	3,322	6,331
Free Cash Flow	-2,913	8,403
Free Cash Flow Margin	-1.02%	3.06%
Free Cash Flow Per Share	-75.67	238.72
Cash Interest Paid	842.56	512
Cash Income Tax Paid	2,041	2,045
Levered Free Cash Flow	-8,444	-
Unlevered Free Cash Flow	-7,905	-
Change in Working Capital	-2,572	-191.53

Source: S&P Global Market Intelligence. Standard template. Financial Sources.