ORION Holdings Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	163,090	160,636	85,624	102,967	85,985	77,512
Depreciation & Amortization	257,590	257,249	265,663	274,711	236,945	238,080
Loss (Gain) From Sale of Assets	5,691	7,512	7,534	-1,035	2,687	3,093
Asset Writedown & Restructuring Costs	5,635	2,225	9,023	39.3	-22.31	2,037
Loss (Gain) From Sale of Investments	1,726	-1,124	448.01	-649.47	321.37	-604.62
Loss (Gain) on Equity Investments	21,264	11,467	2,315	837.82	776.79	-1,923
Stock-Based Compensation	695	695	38.45	34.46	2,715	16,488
Provision & Write-off of Bad Debts	801.36	602.95	856.91	3,852	96.4	170.71
Other Operating Activities	163,652	200,290	197,867	194,512	177,248	183,896
Change in Accounts Receivable	-8,353	17,440	18,419	-37,112	-16,901	28,030
Change in Inventory	-35,478	-42,833	-29,811	-30,923	-14,631	-35,409
Change in Accounts Payable	7,331	32,377	-25,494	34,637	3,911	15,053
Change in Other Net Operating Assets	-43,218	29,761	-80,681	-11,816	-32,635	-106,121
Operating Cash Flow	540,427	676,298	451,802	530,055	446,496	420,303
Operating Cash Flow Growth	-9.60%	49.69%	-14.76%	18.71%	6.23%	22.68%
Capital Expenditures	-146,124	-121,934	-178,075	-86,079	-142,745	-164,328
Sale of Property, Plant & Equipment	490.73	2,098	1,296	19,255	7,031	7,213
Cash Acquisitions	-12,534	-727.32	-	-	-	1,409
Sale (Purchase) of Intangibles	-29,539	-15,137	-4,068	-1,620	-3,044	-2,527
Investment in Securities	-92,462	-365,066	-340,050	-192,452	-137,337	26,599
Other Investing Activities	1,028	-1,017	-1,183	21,301	2,493	469.56
Investing Cash Flow	-294,874	-517,529	-523,033	-239,596	-273,596	-129,927
Short-Term Debt Issued	-	505,392	806,160	521,719	532,761	452,506
Long-Term Debt Issued	-	-	-	-	-	69,754
Total Debt Issued	509,374	505,392	806,160	521,719	532,761	522,260
Short-Term Debt Repaid	-	-451,057	-813,379	-509,935	-456,543	-559,977
Long-Term Debt Repaid	-	-9,753	-80,468	-170,900	-69,815	-7,821
Total Debt Repaid	-479,868	-460,810	-893,847	-680,836	-526,359	-567,798
Net Debt Issued (Repaid)	29,506	44,582	-87,687	-159,117	6,403	-45,539
Issuance of Common Stock	-	-	-	124.58	-	-
Dividends Paid	-120,801	-82,885	-65,626	-51,672	-43,680	-39,289
Other Financing Activities	-2	360.1	312.7	-63.1	256.6	-90
Financing Cash Flow	-91,297	-37,943	-153,000	-210,728	-37,020	-84,917
Foreign Exchange Rate Adjustments	12,662	9,841	-1,807	-17,735	46,163	-9,049
Miscellaneous Cash Flow Adjustments	0	-	-	-	0	-
Net Cash Flow	166,919	130,667	-226,039	61,997	182,043	196,410
Free Cash Flow	394,304	554,364	273,727	443,976	303,751	255,975
Free Cash Flow Growth	-14.44%	102.52%	-38.35%	46.16%	18.66%	81.95%
Free Cash Flow Margin	11.86%	17.35%	9.27%	15.13%	12.58%	11.22%
Free Cash Flow Per Share	6554.62	9215.34	4550.24	7380.33	5049.33	4256.76
Cash Interest Paid	5,585	6,459	8,744	11,314	7,020	9,047
Cash Income Tax Paid	161,982	151,441	152,208	129,515	73,071	78,502
Levered Free Cash Flow	316,271	521,452	289,679	467,950	284,462	244,362
Unlevered Free Cash Flow	319,484	524,473	294,052	472,042	290,111	249,999
Change in Working Capital	-79,718	36,745	-117,566	-45,213	-60,255	-98,447

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.