Hanil Iron & Steel 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	-553.84	-5,259	0.74	-1,505	25,559
Depreciation & Amortization	4,371	4,987	4,621	5,406	6,331
Loss (Gain) From Sale of Assets	-	-11.56	21.41	-16.36	-29.77
Loss (Gain) From Sale of Investments	152.92	71.85	-1,297	-118.1	-85.83
Loss (Gain) on Equity Investments	690.47	166.63	-259.72	-1,630	-1,753
Provision & Write-off of Bad Debts	-196.89	171.11	96.72	-639.36	350.81
Other Operating Activities	415.48	1,913	2,855	1,561	4,120
Change in Accounts Receivable	4,256	-728.08	5,805	1,219	-9,178
Change in Inventory	-3,353	276.34	-7,911	15,403	-23,867
Change in Accounts Payable	-2,446	2,500	2,983	2,420	865.12
Change in Income Taxes	0.49	-	-	-	-
Change in Other Net Operating Assets	-2,745	-807.63	-1,194	-731.46	-3,958
Operating Cash Flow	591.99	3,280	5,721	21,369	-1,645
Operating Cash Flow Growth	-81.95%	-42.67%	-73.22%	-	-
Capital Expenditures	-3,795	-6,887	-5,762	-6,842	-2,298
Sale of Property, Plant & Equipment	-	11.56	76	76.83	105.91
Sale (Purchase) of Intangibles	-817.6	-	-	-347.48	-217.59
Investment in Securities	-2,424	-6,497	12,532	-12,287	-9,959
Other Investing Activities	740	-5	-2.31	-9.97	-96.99
Investing Cash Flow	-6,297	-13,377	6,844	-19,409	-12,466
Short-Term Debt Issued	18,799	21,610	-	-	15,059
Long-Term Debt Issued	-	6,000	4,000	-	-
Total Debt Issued	18,799	27,610	4,000	-	15,059
Short-Term Debt Repaid	-17,289	-19,391	-14,796	-354.55	-
Long-Term Debt Repaid	-342.3	-326.71	-331.47	-388.12	-965.43
Total Debt Repaid	-17,632	-19,718	-15,128	-742.67	-965.43
Net Debt Issued (Repaid)	1,167	7,891	-11,128	-742.67	14,093
Repurchase of Common Stock	-1,191	-	-	-	-
Dividends Paid	-243.54	-730.61	-730.61	-1,218	-
Other Financing Activities	385	1,606	-186	-320	-0
Financing Cash Flow	117.39	8,767	-12,044	-2,280	14,093
Foreign Exchange Rate Adjustments	-241.45	107.64	19.91	-53.61	172.43
Miscellaneous Cash Flow Adjustments	-0	0	0	-	-
Net Cash Flow	-5,829	-1,223	540.96	-374.44	154.54
Free Cash Flow	-3,203	-3,608	-40.27	14,527	-3,943
Free Cash Flow Margin	-1.63%	-1.75%	-0.02%	5.69%	-1.59%
Free Cash Flow Per Share	-133.02	-148.17	-1.65	596.50	-161.91
Cash Interest Paid	4,915	5,273	6,199	4,420	3,284
Cash Income Tax Paid	13.24	36.35	-272	1,292	1,434
Levered Free Cash Flow	-4,526	-3,389	-1,363	16,714	-14,457
Unlevered Free Cash Flow	-1,381	-87.23	2,417	19,490	-12,611
Change in Working Capital	-4,287	1,240	-316.42	18,311	-36,138

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