Kwang Jin Ind. 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	-4,863	2,944	-5,140	1,146	1,156
Depreciation & Amortization	2,859	2,826	1,397	790.03	664.94
Loss (Gain) From Sale of Assets	-264.73	-5	19.72	0	-32.86
Asset Writedown & Restructuring Costs	-	453.8	-	-	-
Provision & Write-off of Bad Debts	101.11	39.76	-18.68	21.34	-2.25
Other Operating Activities	1,053	-9,864	570.26	193.33	1,061
Change in Accounts Receivable	-125.66	-3,135	2,021	-2,134	225.6
Change in Inventory	1,467	-38.44	-2,671	529.85	-6,467
Change in Accounts Payable	-910.99	-772.77	-1,298	1,708	529.89
Change in Other Net Operating Assets	-416.8	-341.53	-374.92	-1,915	-54.33
Operating Cash Flow	-1,101	-7,893	-5,494	338.89	-2,919
Capital Expenditures	-2,424	-1,206	-26,062	-19,004	-5,033
Sale of Property, Plant & Equipment	44.18	5	25.64	15,000	317.44
Sale (Purchase) of Intangibles	550.11	-	-	-	-
Other Investing Activities	636.21	-527.03	-361.54	-516.27	44.9
Investing Cash Flow	-1,133	-1,628	-26,508	-4,568	-4,720
Short-Term Debt Issued	22,960	24,810	19,936	11,233	10,932
Long-Term Debt Issued	4,496	12,500	23,000	11,991	1,450
Total Debt Issued	27,456	37,310	42,936	23,224	12,382
Short-Term Debt Repaid	-22,711	-24,407	-13,438	-10,198	-8,443
Long-Term Debt Repaid	-295.27	-299.16	-3,282	-150.24	-96.26
Total Debt Repaid	-23,006	-24,706	-16,720	-10,348	-8,539
Net Debt Issued (Repaid)	4,450	12,604	26,216	12,876	3,843
Other Financing Activities	-2,858	-2,866	-1,817	-603.7	-158.74
Financing Cash Flow	1,592	9,737	24,398	12,272	3,684
Foreign Exchange Rate Adjustments	-14.03	-4	3.7	-3.16	110.27
Net Cash Flow	-655.07	212.23	-7,600	8,040	-3,844
Free Cash Flow	-3,525	-9,100	-31,556	-18,665	-7,951
Free Cash Flow Margin	-6.20%	-15.55%	-58.79%	-31.56%	-14.57%
Free Cash Flow Per Share	-550.22	-1421.76	-4926.48	-2913.89	-1241.37
Cash Interest Paid	2,858	2,866	1,817	603.7	158.74
Cash Income Tax Paid	5.7	-15.34	6.14	17.81	-0.34
Levered Free Cash Flow	-3,275	-23,367	-33,250	-1,293	-
Unlevered Free Cash Flow	-1,496	-21,566	-32,239	-916.61	-
Change in Working Capital	13.19	-4,288	-2,322	-1,812	-5,766

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