Hyosung Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	338,158	329,905	453,158	68.23	15,648	435,815
Depreciation & Amortization	105,163	104,391	108,324	108,756	105,581	103,739
Loss (Gain) From Sale of Assets	-9,891	-4,682	-8,960	-4,117	-682	-2,225
Asset Writedown & Restructuring Costs	5,120	5,120	-	-	3,255	-
Loss (Gain) From Sale of Investments	-79,143	-86,865	-1,086	-10,142	-1,254	-179
Loss (Gain) on Equity Investments	-289,250	-293,715	-158,104	-42,175	34,927	-541,617
Provision & Write-off of Bad Debts	-2,257	-1,373	3,727	3,141	70	-852
Other Operating Activities	269,914	292,538	-493,670	124,508	232,804	216,901
Change in Accounts Receivable	71,288	59,136	26,164	7,487	79,548	-181,093
Change in Inventory	41,940	53,073	19,441	118,655	-163,507	-303,135
Change in Accounts Payable	-46,212	-34,510	36,345	21,182	-95,640	106,522
Change in Other Net Operating Assets	-115,147	-1,925	163,812	62,566	-42,540	97,250
Operating Cash Flow	289,683	421,093	464,802	398,841	168,209	-71,291
Operating Cash Flow Growth	-27.84%	-9.40%	16.54%	137.11%	-	-
Capital Expenditures	-239,345	-158,921	-49,270	-44,891	-65,865	-103,191
Sale of Property, Plant & Equipment	10,277	9,600	9,922	12,411	12,871	6,781
Cash Acquisitions	-151,935	-151,935	-	-0.06	-2,312	-
Divestitures	4,326	4,326	-	1,933	-	5,691
Sale (Purchase) of Intangibles	-13,604	-8,803	10,546	-3,297	-6,481	-2,001
Investment in Securities	-66.64	-5,672	-202,594	-68,898	-92,959	20,969
Other Investing Activities	55,077	3,056	3,333	-1,788	1,072	965.24
Investing Cash Flow	-707,094	-678,994	-227,371	-104,874	-154,264	-71,543
Short-Term Debt Issued	-	2,046,717	1,661,080	3,069,116	291,700	487,997
Long-Term Debt Issued	-	549,600	190,408	484,383	90,860	45,097
Total Debt Issued	2,577,757	2,596,317	1,851,488	3,553,498	382,559	533,094
Short-Term Debt Repaid	-	-1,810,811	-1,875,629	-3,191,747	-	-244,997
Long-Term Debt Repaid	-	-279,245	-185,137	-525,012	-263,539	-55,994
Total Debt Repaid	-1,917,579	-2,090,056	-2,060,766	-3,716,759	-263,539	-300,991
Net Debt Issued (Repaid)	660,177	506,261	-209,278	-163,260	119,020	232,103
Issuance of Common Stock	-	-	33,473	-	-	-
Repurchase of Common Stock	-	-	-1,152	-	-	-
Dividends Paid	-70,778	-66,653	-74,248	-125,067	-184,032	-138,100
Other Financing Activities	690.66	484.62	4,457	1,449	1,654	1,678
Financing Cash Flow	590,090	440,093	-246,748	-286,879	-63,358	95,682
Foreign Exchange Rate Adjustments	12,106	9,277	-429.4	-3,036	11,062	7,097
Miscellaneous Cash Flow Adjustments	-	-	-29,040	-0	-	0
Net Cash Flow	184,786	191,468	-38,787	4,052	-38,350	-40,055
Free Cash Flow	50,338	262,172	415,532	353,950	102,344	-174,483
Free Cash Flow Growth	-85.83%	-36.91%	17.40%	245.84%	-	-
Free Cash Flow Margin	2.09%	10.78%	18.28%	19.16%	2.75%	-4.93%
Free Cash Flow Per Share	3011.14	15682.41	22660.29	21734.89	6284.61	-10714.41
Cash Interest Paid	78,236	80,739	78,374	104,401	46,921	18,696
Cash Income Tax Paid	47,654	15,751	22,736	36,839	49,558	47,370
Levered Free Cash Flow	48,259	269,327	566,070	238,541	-101,654	-47,490
Unlevered Free Cash Flow	90,667	308,258	609,248	279,833	-71,433	-32,619
Change in Working Capital	-48,131	75,774	245,762	209,890	-222,139	-280,456