Tokai Carbon Korea 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	69,903	71,994	61,245	94,056	81,891
Depreciation & Amortization	14,016	15,072	15,082	14,097	12,586
Loss (Gain) From Sale of Assets	6.79	-8.4	14.99	3,941	-472.93
Asset Writedown & Restructuring Costs	12.5	41.15	-101.5	24.08	-108.79
Provision & Write-off of Bad Debts	-182.71	85.67	78.16	30.78	-0.49
Other Operating Activities	1,063	12,041	1,086	9,429	3,421
Change in Accounts Receivable	1,674	-5,679	-3,217	-5,020	-6,931
Change in Inventory	-19,373	-496.19	-20,297	-16,839	-5,409
Change in Accounts Payable	1,966	-9,305	-3,361	3,514	2,696
Change in Other Net Operating Assets	1,488	4,682	-9,702	771.27	3,820
Operating Cash Flow	70,573	88,427	40,827	104,006	91,493
Operating Cash Flow Growth	-20.19%	116.59%	-60.75%	13.68%	19.77%
Capital Expenditures	-4,497	-7,566	-47,434	-35,525	-13,578
Sale of Property, Plant & Equipment	8.8	141.96	6.62	33	31.2
Sale (Purchase) of Intangibles	-81.94	-433.98	-509.75	-223.86	223.24
Investment in Securities	10,351	-61,000	14,000	-55,863	-49,000
Other Investing Activities	-1,254	-2,327	370.06	-4,307	-1,347
Investing Cash Flow	4,361	-72,043	-33,573	-96,046	-63,739
Long-Term Debt Repaid	-508.27	-286.68	-308.71	-316.5	-298.71
Net Debt Issued (Repaid)	-508.27	-286.68	-308.71	-316.5	-298.71
Repurchase of Common Stock	-50,000	-	-	-	-
Common Dividends Paid	-16,462	-14,010	-19,848	-16,695	-12,843
Financing Cash Flow	-66,970	-14,297	-20,156	-17,012	-13,141
Foreign Exchange Rate Adjustments	-7.09	8.77	0.31	-2.85	3.39
Net Cash Flow	7,957	2,096	-12,901	-9,054	14,616
Free Cash Flow	66,076	80,861	-6,607	68,481	77,914
Free Cash Flow Growth	-18.28%	-	-	-12.11%	44.90%
Free Cash Flow Margin	21.93%	29.33%	-2.92%	21.43%	28.78%
Free Cash Flow Per Share	-	6926.04	-565.91	5865.63	6673.60
Cash Interest Paid	37.08	31.97	27.59	19.49	16.64
Cash Income Tax Paid	25,581	15,835	19,376	29,335	23,472
Levered Free Cash Flow	47,755	56,196	-34,449	49,135	63,554
Unlevered Free Cash Flow	47,778	56,216	-34,432	49,147	63,564
Change in Working Capital	-14,245	-10,798	-36,577	-17,573	-5,823

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