SH Energy & Chemical 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	-10,782	-10,413	-2,579	1,842	353.31
Depreciation & Amortization	2,000	2,443	2,759	2,724	2,675
Loss (Gain) From Sale of Assets	4.25	1.2	0.83	15.34	37.92
Asset Writedown & Restructuring Costs	1,028	4,449	-	689.9	-
Loss (Gain) From Sale of Investments	-0.41	11.51	11.59	26.06	14.58
Provision & Write-off of Bad Debts	754.27	-	-16.16	7.47	-17.7
Other Operating Activities	-172.16	-679.04	1,044	3,049	2,491
Change in Accounts Receivable	-308.36	1,624	1,920	1,457	-7,156
Change in Inventory	2,584	-612.43	1,035	-9,450	-268.52
Change in Accounts Payable	622.38	-178.47	-199.81	51.97	251.23
Change in Other Net Operating Assets	362.82	-1,367	289.11	-2,754	-415.61
Operating Cash Flow	-3,907	-4,720	4,264	-2,342	-2,034
Capital Expenditures	-313.16	-393.45	-257.91	-5,173	-1,767
Sale of Property, Plant & Equipment	18.45	56	12.41	6.77	260
Sale (Purchase) of Intangibles	-0.2	-15.15	-99.9	-25.8	-33.01
Investment in Securities	1,523	1,510	4,463	2,467	-9,819
Other Investing Activities	-0	-0	-0	0	-
Investing Cash Flow	1,228	1,158	4,118	-2,724	-11,359
Short-Term Debt Issued	19,500	3,500	3,892	3,500	3,500
Long-Term Debt Issued	5,500	4,000	2,160	8,809	-
Total Debt Issued	25,000	7,500	6,052	12,309	3,500
Short-Term Debt Repaid	-19,500	-3,500	-3,892	-3,500	-3,500
Long-Term Debt Repaid	-6,051	-4,720	-2,920	-5,073	-258.36
Total Debt Repaid	-25,551	-8,220	-6,812	-8,573	-3,758
Net Debt Issued (Repaid)	-550.6	-720.24	-760.33	3,736	-258.36
Repurchase of Common Stock	-226.93	-254.4	-338.79	-	-38.79
Common Dividends Paid	-	-	-1,096	-1,096	-
Other Financing Activities	-0	-	-	-0	-0
Financing Cash Flow	-777.53	-974.64	-2,195	2,640	-297.15
Foreign Exchange Rate Adjustments	-242.67	501.64	25.49	-8.93	207.96
Net Cash Flow	-3,699	-4,036	6,212	-2,436	-13,482
Free Cash Flow	-4,220	-5,114	4,006	-7,515	-3,801
Free Cash Flow Margin	-4.28%	-4.06%	2.99%	-4.49%	-2.64%
Free Cash Flow Per Share	-38.86	-46.85	36.65	-68.51	-34.65
Cash Interest Paid	582.94	665.47	647.21	363.76	199.64
Cash Income Tax Paid	-48.72	-17.04	245.37	181.86	24.9
Levered Free Cash Flow	-1,099	-3,650	3,046	-9,942	-7,705
Unlevered Free Cash Flow	-740.06	-3,241	3,469	-9,708	-7,580
Change in Working Capital	3,261	-533.02	3,044	-10,696	-7,588

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