StarFlex 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	3,468	4,649	-14,741	6,548	5,282
Depreciation & Amortization	3,262	3,116	4,391	4,272	3,813
Loss (Gain) From Sale of Assets	583.84	-446.61	-	-6.12	-6,327
Asset Writedown & Restructuring Costs	66.84	-	4,926	-	-
Provision & Write-off of Bad Debts	-351.02	-8.97	794.05	642.21	3,377
Other Operating Activities	2,209	-4,114	6,951	2,018	-3,654
Change in Accounts Receivable	-6,155	-940.35	-889.34	4,219	-2,033
Change in Inventory	-2,108	1,071	-754.12	1,577	-6,174
Change in Accounts Payable	-1,782	-1,178	-857.72	-2,082	977.22
Change in Other Net Operating Assets	540.81	107.79	1,563	-1,851	-1,228
Operating Cash Flow	-265.69	2,256	1,383	15,338	-5,966
Operating Cash Flow Growth	-	63.11%	-90.98%	-	-
Capital Expenditures	-1,706	-102.04	-787.35	-566.59	-653.95
Sale of Property, Plant & Equipment	992.37	22.41	2.21	6.13	13,002
Investment in Securities	-	-	4,000	-1,957	-2,000
Other Investing Activities	-148.28	-5.85	221.97	-114.9	19,810
Investing Cash Flow	-862.16	-85.48	3,437	-2,632	30,158
Short-Term Debt Issued	6,105	15,541	6,223	21,545	20,420
Total Debt Issued	6,105	15,541	6,223	21,545	20,420
Short-Term Debt Repaid	-6,668	-15,224	-14,642	-19,272	-36,491
Long-Term Debt Repaid	-45.05	-43.01	-38.21	-10,033	-6,389
Total Debt Repaid	-6,713	-15,267	-14,680	-29,304	-42,879
Net Debt Issued (Repaid)	-608.73	274.22	-8,458	-7,759	-22,460
Other Financing Activities	-	-0	0	-50	-
Financing Cash Flow	-608.73	274.22	-8,458	-7,809	-22,460
Foreign Exchange Rate Adjustments	304.24	-398.44	28.11	-302.08	-419.15
Miscellaneous Cash Flow Adjustments	-	-	-	-	108.99
Net Cash Flow	-1,432	2,046	-3,610	4,594	1,422
Free Cash Flow	-1,972	2,154	595.57	14,771	-6,620
Free Cash Flow Growth	-	261.61%	-95.97%	-	-
Free Cash Flow Margin	-2.00%	2.69%	0.84%	14.19%	-7.79%
Free Cash Flow Per Share	-250.17	272.85	75.48	1872.13	-848.85
Cash Interest Paid	828.53	891.6	1,193	1,570	1,573
Cash Income Tax Paid	58.86	152.08	63.6	-2,790	920.32
Levered Free Cash Flow	-4,094	162.83	1,917	11,970	-10,066
Unlevered Free Cash Flow	-3,654	699.66	2,620	12,798	-9,141
Change in Working Capital	-9,504	-939.15	-937.96	1,863	-8,457

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