Sangsangin Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-115,255	-120,562	-193,623	-64,260	47,366	101,138
Depreciation & Amortization	13,144	13,672	14,547	14,204	10,889	8,434
Loss (Gain) From Sale of Assets	-544.7	-288.99	-74,407	224.29	-308.14	-8,349
Asset Writedown & Restructuring Costs	129,003	100,712	232.91	-59.74	133.68	883
Loss (Gain) From Sale of Investments	-85,280	-46,621	-92,056	-101,326	16,276	-43,859
Loss (Gain) on Equity Investments	9,484	3,934	7,203	259.7	75.39	-3,821
Provision & Write-off of Bad Debts	164,899	163,343	325,348	267,640	117,373	79,688
Other Operating Activities	-49,487	-57,666	45,048	-25,702	-470.37	31,270
Change in Accounts Receivable	269,503	394,828	1,084,620	236,207	-614,920	-1,553,389
Change in Inventory	1,289	-2,831	443.76	2,499	1,310	-10,802
Change in Accounts Payable	-5,056	-7,938	-18,731	770.62	21,516	-6,795
Change in Unearned Revenue	77.39	-1,036	2,028	-400.75	402.64	199.24
Change in Other Net Operating Assets	-243,586	-34,976	-412,344	-1,926,314	462,928	1,683,802
Operating Cash Flow	88,192	404,569	688,309	-1,596,258	62,570	278,399
Operating Cash Flow Growth	-72.29%	-41.22%	-	-	-77.53%	-
Capital Expenditures	-1,212	-2,211	-3,374	-4,928	-15,697	-7,166
Sale of Property, Plant & Equipment	103.42	120.88	102,496	926.68	169.49	3,289
Cash Acquisitions	-0	-0	-0	-	-	-
Divestitures	-	-	18,337	0	0.02	54,846
Sale (Purchase) of Intangibles	-110.53	-3,171	-3,001	-5,666	-1,476	-2,056
Sale (Purchase) of Real Estate	-	-	-	-	-	439.95
Investment in Securities	-149,688	-157,155	-65,697	28,920	-52,667	-83,069
Other Investing Activities	-41.51	2,386	-1,880	-213.65	2,260	-3,254
Investing Cash Flow	-148,872	-160,277	39,266	19,278	-68,478	17,884
Short-Term Debt Issued	-	17,436,566	9,718,910	7,194,864	1,442,184	1,147,676
Long-Term Debt Issued	-	151,900	653,000	422,400	7,317,678	7,902,831
Total Debt Issued	17,935,970	17,588,466	10,371,910	7,617,264	8,759,862	9,050,506
Short-Term Debt Repaid	-	-17,406,958	-9,738,308	-7,172,374	-1,467,371	-1,184,608
Long-Term Debt Repaid	-	-218,082	-756,746	-253,237	-11,583	-3,858
Total Debt Repaid	-17,747,073	-17,625,040	-10,495,054	-7,425,611	-1,478,955	-1,188,467
Net Debt Issued (Repaid)	188,896	-36,573	-123,143	191,652	7,280,907	7,862,040
Issuance of Common Stock	-	-	-	-	-	151.24
Repurchase of Common Stock	-1,591	-	-	-4.08	-	-
Dividends Paid	-	-	-	-	-10,945	-11.41
Other Financing Activities	-269,009	-268,982	-852,342	1,313,989	-7,247,979	-7,888,478
Financing Cash Flow	-105,059	-328,912	-975,485	1,505,637	41,983	-26,299
Foreign Exchange Rate Adjustments	1.01	6.08	10.33	1.81	-32.37	12.54
Miscellaneous Cash Flow Adjustments	-62,640	-47,147	-	-	-0	-
Net Cash Flow	-228,378	-131,761	-247,900	-71,341	36,044	269,997
Free Cash Flow	86,981	402,358	684,935	-1,601,186	46,874	271,233
Free Cash Flow Growth	-72.35%	-41.26%	-	-	-82.72%	-
Free Cash Flow Margin	20.03%	96.13%	116.44%	-170.89%	6.13%	47.66%
Free Cash Flow Per Share	1594.01	7352.46	12515.56	-29259.15	856.54	4956.35
Cash Interest Paid	130,342	144,099	212,037	238,410	105,000	60,351
Cash Income Tax Paid	-	-1,722	11,543	26,773	35,011	15,911
Levered Free Cash Flow	1,067,710	1,744,163	653,390	1,846,996	-429,533	-614,390
Unlevered Free Cash Flow	1,068,912	1,745,498	655,432	1,851,908	-426,599	-613,385
Change in Working Capital	22,229	348,047	656,017	-1,687,238	-128,763	113,015