KC Feed 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	10,336	6,837	6,631	4,199	4,025
Depreciation & Amortization	4,581	4,526	2,824	1,981	1,984
Loss (Gain) From Sale of Assets	1,169	-143.93	-42.01	-46.2	-72.35
Loss (Gain) From Sale of Investments	-	1.02	7.7	-16.94	-11.09
Provision & Write-off of Bad Debts	-423	996.4	-16.3	-235.25	-747.77
Other Operating Activities	-1,749	-423.49	250.09	-1,528	449.5
Change in Accounts Receivable	57.05	2,010	-3,265	-1,012	4,994
Change in Inventory	1,059	-7,541	3,150	-2,053	-2,204
Change in Accounts Payable	162.9	-99.48	899.89	11.41	-2,486
Change in Unearned Revenue	11.18	12.5	85.09	-	-
Change in Other Net Operating Assets	-1,195	-858.37	-512.77	-453.88	-1,332
Operating Cash Flow	14,010	5,316	10,011	846.22	4,598
Operating Cash Flow Growth	163.55%	-46.90%	1083.08%	-81.60%	62.54%
Capital Expenditures	-4,191	-1,201	-10,350	-4,369	-982.41
Sale of Property, Plant & Equipment	211.77	107.72	74.08	133.88	116.28
Sale (Purchase) of Intangibles	-16.51	550	-383.48	-2.71	-125.2
Investment in Securities	3,588	-2,699	2,822	-1,622	-998.51
Other Investing Activities	754.76	2,786	-914.04	2,598	-944.4
Investing Cash Flow	-895.19	-2,180	-6,086	-3,799	2,964
Long-Term Debt Issued	35,827	41,554	32,656	33,103	35,199
Long-Term Debt Repaid	-45,166	-45,465	-37,203	-36,069	-41,399
Net Debt Issued (Repaid)	-9,340	-3,910	-4,547	-2,966	-6,200
Dividends Paid	-1,579	-1,184	-789.26	-631.41	-315.7
Other Financing Activities	-	0	-0	-	0
Financing Cash Flow	-10,918	-5,094	-5,336	-3,597	-6,516
Foreign Exchange Rate Adjustments	-0.02	4.09	-4.07	-3.84	5.1
Net Cash Flow	2,197	-1,954	-1,415	-6,554	1,052
Free Cash Flow	9,819	4,115	-338.55	-3,523	3,616
Free Cash Flow Growth	138.65%	-	-	-	74.56%
Free Cash Flow Margin	8.06%	4.00%	-0.37%	-3.98%	4.77%
Free Cash Flow Per Share	622.25	260.58	-21.45	-223.20	229.08
Cash Interest Paid	1,472	1,735	1,337	555.92	734.56
Cash Income Tax Paid	1,532	1,196	393.56	736.64	275.32
Levered Free Cash Flow	8,856	6,177	-2,271	-3,755	2,936
Unlevered Free Cash Flow	9,560	7,269	-1,319	-3,265	3,327
Change in Working Capital	95.6	-6,477	356.78	-3,507	-1,029

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