Hung -Gu Oil 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	158.32	620.41	1,129	2,657	1,399
Depreciation & Amortization	719.4	758.16	725.99	584.99	539.4
Loss (Gain) From Sale of Assets	-7.97	27.55	-161.22	-172.9	-4.69
Loss (Gain) From Sale of Investments	-	-	-	-471.02	-428.62
Provision & Write-off of Bad Debts	-	-	-	-45.47	-59.37
Other Operating Activities	151.88	94.87	-423.94	865.36	-389.45
Change in Accounts Receivable	1,261	-632.85	656.47	-534.45	-364.58
Change in Inventory	354.58	-436.6	806.99	-506.12	-383.22
Change in Accounts Payable	-1,552	1,870	-1.6	41.91	69.15
Change in Other Net Operating Assets	-190.71	5.94	49.58	-8.45	-964.62
Operating Cash Flow	894.63	2,308	2,781	2,411	-587.17
Operating Cash Flow Growth	-61.23%	-17.03%	15.37%	-	-
Capital Expenditures	-87.55	-40.54	-309.21	-30,065	-313.34
Sale of Property, Plant & Equipment	7.98	-	340.63	211.56	4.7
Sale (Purchase) of Intangibles	-	-	-	150	-
Investment in Securities	-	2.01	-3.06	18,769	2,866
Other Investing Activities	-50.1	-50.2	0.48	-	-
Investing Cash Flow	-129.68	-78.73	28.84	-10,924	2,558
Short-Term Debt Issued	5,750	7,300	11,000	1,500	-
Long-Term Debt Issued	-	-	-	8,000	-
Total Debt Issued	5,750	7,300	11,000	9,500	-
Short-Term Debt Repaid	-5,750	-7,800	-11,500	-500	-
Long-Term Debt Repaid	-192.63	-230.92	-212.49	-213.97	-218.75
Total Debt Repaid	-5,943	-8,031	-11,712	-713.97	-218.75
Net Debt Issued (Repaid)	-192.63	-730.92	-712.49	8,786	-218.75
Dividends Paid	-436.22	-727.04	-2,181	-1,454	-2,181
Other Financing Activities	34	55.5	-70	780	-57
Financing Cash Flow	-594.85	-1,402	-2,964	8,112	-2,457
Net Cash Flow	170.1	826.66	-153.31	-401.12	-486.19
Free Cash Flow	807.08	2,267	2,472	-27,654	-900.51
Free Cash Flow Growth	-64.40%	-8.29%	-	-	-
Free Cash Flow Margin	0.75%	1.94%	1.95%	-18.85%	-0.68%
Free Cash Flow Per Share	-	155.93	170.02	-1901.82	-61.93
Cash Interest Paid	292.84	463.08	450.87	37.49	-
Cash Income Tax Paid	39.02	150.39	825.88	151.45	988.77
Levered Free Cash Flow	1,117	1,285	1,586	-28,322	-1,184
Unlevered Free Cash Flow	1,300	1,549	1,867	-28,273	-1,184
Change in Working Capital	-127	806.85	1,511	-1,007	-1,643

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