HARIM 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	38,536	-12,263	13,033	5,027	13,348
Depreciation & Amortization	67,029	69,569	73,744	71,453	63,907
Loss (Gain) From Sale of Assets	-1,990	-247.07	-327.51	315.17	-411.63
Asset Writedown & Restructuring Costs	-	-	5,647	-	-
Loss (Gain) From Sale of Investments	-7,112	-3,457	668.36	-9,650	-2,655
Provision & Write-off of Bad Debts	135.37	362.07	-187.54	-65.59	374.77
Other Operating Activities	6,909	37,022	7,867	16,135	13,435
Change in Accounts Receivable	-30,872	-6,501	-21,200	-15,345	-6,842
Change in Inventory	17,135	5,479	-14,379	-34,341	-8,567
Change in Accounts Payable	21,386	10,305	5,856	26,330	10,904
Change in Other Net Operating Assets	17,943	-12,645	13,645	1,888	-33,000
Operating Cash Flow	129,100	87,624	84,366	61,747	50,494
Operating Cash Flow Growth	47.34%	3.86%	36.63%	22.29%	-19.96%
Capital Expenditures	-61,236	-52,741	-64,899	-57,916	-31,126
Sale of Property, Plant & Equipment	3,803	1,144	1,822	163.25	1,122
Sale (Purchase) of Intangibles	-3,558	-191.27	21.07	-115.08	-42.9
Investment in Securities	25,919	-4,123	36,353	-58,883	-8,305
Other Investing Activities	3,892	-24,297	-3,857	-6,650	7,316
Investing Cash Flow	-32,181	-85,198	-30,558	-123,347	-31,035
Short-Term Debt Issued	302,802	275,201	234,481	400,190	176,171
Long-Term Debt Issued	27,809	6,200	45,000	33,284	17,500
Total Debt Issued	330,611	281,401	279,481	433,474	193,671
Short-Term Debt Repaid	-337,090	-263,594	-330,933	-378,918	-149,074
Long-Term Debt Repaid	-49,673	-19,763	-14,180	-25,576	-22,809
Total Debt Repaid	-386,763	-283,357	-345,113	-404,494	-171,883
Net Debt Issued (Repaid)	-56,152	-1,956	-65,631	28,979	21,788
Dividends Paid	-	-3,186	-2,124	-3,186	-
Other Financing Activities	-968.61	-	-	-	-
Financing Cash Flow	-57,121	-5,141	-67,755	25,794	21,788
Foreign Exchange Rate Adjustments	-9	15.58	-25.91	-230.65	141.92
Miscellaneous Cash Flow Adjustments	-	-	-	0	-
Net Cash Flow	39,789	-2,700	-13,973	-36,037	41,389
Free Cash Flow	67,864	34,883	19,467	3,831	19,368
Free Cash Flow Growth	94.55%	79.19%	408.17%	-80.22%	0.50%
Free Cash Flow Margin	4.71%	2.71%	1.38%	0.29%	1.73%
Free Cash Flow Per Share	639.26	327.14	183.33	36.08	182.39
Cash Interest Paid	17,854	22,461	21,019	17,493	11,026
Cash Income Tax Paid	1,769	1,393	2,350	195.65	1,507
Levered Free Cash Flow	52,835	17,776	19,684	12,203	37,577
Unlevered Free Cash Flow	63,826	30,924	33,321	24,107	44,607
Change in Working Capital	25,592	-3,362	-16,077	-21,468	-37,504

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