LS Marine Solution 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 2012	FY 2011
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '12 Dec 31, 2012	Dec '11 Dec 31, 2011
Net Income	8,356	13,203	11,618	7,952	6,700
Depreciation & Amortization	9,679	8,857	6,463	-	-
Loss (Gain) From Sale of Assets	49.08	-10.82	0	-	-
Loss (Gain) From Sale of Investments	-16.48	-10.52	374.82	-	-
Provision & Write-off of Bad Debts	-474.63	-1,737	1,191	-	-
Other Operating Activities	-620.3	-640.43	3,114	-3,070	7,091
Change in Accounts Receivable	-2,479	-11,936	-16,214	-	-
Change in Inventory	513.8	236.19	-148.12	-	-
Change in Accounts Payable	11,233	-9,171	-	-	-
Change in Unearned Revenue	6,654	-1,017	-361.67	-	-
Change in Other Net Operating Assets	-12,959	-4,395	11,012	-	-
Operating Cash Flow	19,934	-6,621	17,048	4,882	13,791
Operating Cash Flow Growth	-	-	249.20%	-64.60%	352.09%
Capital Expenditures	-76,491	-8,626	-53,634	-10,793	-27,580
Sale of Property, Plant & Equipment	3.99	41.14	-	-	4.09
Divestitures	-	28,593	-	-	-
Sale (Purchase) of Intangibles	-	-140.5	-406.19	-35.4	-218.6
Investment in Securities	-	-	2,130	4,597	12,186
Other Investing Activities	-395,058	-2,396	-0	-575.75	-1,977
Investing Cash Flow	-471,604	18,547	-51,896	-6,836	-17,603
Short-Term Debt Issued	9,948	2,055	-	3,032	8,886
Long-Term Debt Issued	37,373	-	-	-	28,183
Total Debt Issued	47,321	2,055	-	3,032	37,069
Short-Term Debt Repaid	-9,948	-2,055	-	-700	-8,886
Long-Term Debt Repaid	-675.4	-298.98	-203.97	-	-16,758
Total Debt Repaid	-10,623	-2,354	-203.97	-700	-25,644
Net Debt Issued (Repaid)	36,698	-298.98	-203.97	2,332	11,425
Issuance of Common Stock	415,338	34,897	-	-	-
Common Dividends Paid	-	-	-	-2,055	-292.71
Dividends Paid	-5,012	-3,935	-737.77	-2,055	-292.71
Other Financing Activities	-0	-	-	-12,363	-7,289
Financing Cash Flow	447,024	30,664	-941.74	-12,087	3,843
Foreign Exchange Rate Adjustments	-257.81	1,635	-48.71	-21.43	51.81
Net Cash Flow	-4,903	44,224	-35,838	-14,062	82.07
Free Cash Flow	-56,556	-15,247	-36,586	-5,911	-13,789
Free Cash Flow Margin	-23.16%	-11.70%	-51.69%	-8.58%	-12.37%
Free Cash Flow Per Share	-1448.37	-564.69	-1487.68	-287.52	-670.91
Cash Interest Paid	144.81	29.57	14.28	468.45	775.5
Cash Income Tax Paid	3,609	2,610	243.64	140.62	123.97
Levered Free Cash Flow	-61,571	-24,281	-	-14,336	-20,804
Unlevered Free Cash Flow	-61,501	-24,267	-	-14,336	-20,804
Change in Working Capital	2,962	-26,282	-5,712	-	-

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