Sang-A Frontec 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	6,755	6,163	11,994	7,426	9,299
Depreciation & Amortization	14,691	13,825	13,581	12,661	10,725
Loss (Gain) From Sale of Assets	-1,600	676.35	479.21	366.06	716.11
Asset Writedown & Restructuring Costs	-	593.43	-	-	-
Provision & Write-off of Bad Debts	126.02	720.37	834.72	1,011	606.16
Other Operating Activities	3,101	-2,320	-4,405	3,379	7,105
Change in Accounts Receivable	-17,744	20,170	12,818	8,973	4,590
Change in Inventory	-2,498	-7,783	-4,343	-15,595	-8,803
Change in Accounts Payable	4,011	-7,079	599.35	-2,145	-3,813
Change in Other Net Operating Assets	1,198	-3,332	-2,883	-468.91	432.38
Operating Cash Flow	8,040	21,633	28,675	15,607	20,857
Operating Cash Flow Growth	-62.83%	-24.56%	83.73%	-25.17%	67.46%
Capital Expenditures	-29,545	-28,453	-28,788	-28,384	-39,900
Sale of Property, Plant & Equipment	1,024	244.03	887.26	720.04	2,349
Sale (Purchase) of Intangibles	-61.28	-32.8	-43.54	-34.77	-109.68
Investment in Securities	4,159	11,245	-4,382	6,331	6,010
Other Investing Activities	1,957	1,892	1,695	386.31	987.52
Investing Cash Flow	-22,467	-15,105	-30,632	-20,982	-30,663
Long-Term Debt Issued	93,154	41,834	120,246	52,631	47,461
Long-Term Debt Repaid	-77,104	-42,626	-111,040	-39,212	-32,714
Net Debt Issued (Repaid)	16,050	-791.74	9,206	13,418	14,747
Dividends Paid	-3,118	-3,118	-3,118	-3,118	-2,431
Other Financing Activities	-3,813	-3,464	-3,848	-2,677	-2,303
Financing Cash Flow	9,119	-7,374	2,240	7,623	10,013
Foreign Exchange Rate Adjustments	313.72	1,206	-73.18	-580.26	722.21
Miscellaneous Cash Flow Adjustments	0	-	-	-0	0
Net Cash Flow	-4,994	359.78	209.24	1,668	928.96
Free Cash Flow	-21,505	-6,820	-113.07	-12,777	-19,043
Free Cash Flow Margin	-10.97%	-3.97%	-0.06%	-7.05%	-10.67%
Free Cash Flow Per Share	-1370.51	-389.60	-6.46	-819.53	-1244.77
Cash Interest Paid	3,827	3,464	3,848	2,677	2,303
Cash Income Tax Paid	1,625	2,649	4,341	5,694	244.58
Levered Free Cash Flow	-34,262	2,371	-8,661	-15,038	-29,478
Unlevered Free Cash Flow	-30,580	6,866	-4,019	-11,406	-25,996
Change in Working Capital	-15,032	1,975	6,191	-9,236	-7,594

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