DongWon Development 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	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	26,167	18,328	42,568	66,911	75,239
Depreciation & Amortization	3,755	3,708	2,223	2,219	1,894
Loss (Gain) From Sale of Assets	-1,191	-277.3	-307.94	388.39	-335.5
Asset Writedown & Restructuring Costs	-	-	-	1,050	-
Loss (Gain) From Sale of Investments	-612.96	-6.29	-647.77	-	286.84
Loss (Gain) on Equity Investments	-1,340	14,272	-10,963	5.41	311.94
Provision & Write-off of Bad Debts	3,724	1,214	2,141	-	-
Other Operating Activities	-4,157	-15,359	-561.19	-11,228	-15,199
Change in Accounts Receivable	-57,664	58,085	-53,314	-4,074	37,733
Change in Inventory	-672.17	41,668	10,479	31,073	-220,662
Change in Accounts Payable	-7,126	-46,633	62,123	31,991	-2,711
Change in Other Net Operating Assets	-5,109	21,118	-129,331	100,387	31,016
Operating Cash Flow	-44,225	96,117	-75,591	218,722	-92,426
Capital Expenditures	-60.96	-407.11	-62.92	-227.49	-290.55
Sale of Property, Plant & Equipment	5,330	3,690	2,184	1,198	102.65
Sale (Purchase) of Intangibles	-	-	-	-	281.82
Investment in Securities	-13,608	-361.53	6,274	-7,182	24,652
Other Investing Activities	-947.23	-907.58	-1,485	-2,201	-2,578
Investing Cash Flow	-19,322	-29,670	-5,728	-144,248	-76,223
Short-Term Debt Issued	63,000	-	140,000	-	-
Long-Term Debt Issued	27,000	116,618	-	-	120,000
Total Debt Issued	90,000	116,618	140,000	-	120,000
Short-Term Debt Repaid	-	-130,000	-10,000	-	-
Long-Term Debt Repaid	-2,732	-2,697	-121,580	-1,672	-1,384
Total Debt Repaid	-2,732	-132,697	-131,580	-1,672	-1,384
Net Debt Issued (Repaid)	87,268	-16,079	8,420	-1,672	118,616
Repurchase of Common Stock	-4,999	-	-	-	-
Dividends Paid	-7,265	-7,265	-14,529	-13,621	-16,799
Other Financing Activities	-2,277	418.5	-1,458	8,620	2,000
Financing Cash Flow	72,727	-22,925	-7,567	-6,673	103,817
Miscellaneous Cash Flow Adjustments	-0	-0	-0	-0	-
Net Cash Flow	9,181	43,522	-88,886	67,801	-64,833
Free Cash Flow	-44,286	95,710	-75,654	218,495	-92,717
Free Cash Flow Margin	-11.43%	18.39%	-10.27%	37.57%	-22.04%
Free Cash Flow Per Share	-490.80	1054.83	-833.12	2406.12	-1021.02
Cash Interest Paid	8,164	7,826	8,702	5,701	1,806
Cash Income Tax Paid	5,240	2,641	33,369	36,158	44,423
Levered Free Cash Flow	-97,450	79,717	-95,129	91,318	-194,330
Unlevered Free Cash Flow	-97,347	79,812	-95,129	91,389	-194,275
Change in Working Capital	-70,570	74,238	-110,043	159,377	-154,624

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.