Korea Airport Service 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	40,546	40,606	31,423	5,774	3,251
Depreciation & Amortization	27,955	25,772	23,116	21,091	22,170
Loss (Gain) From Sale of Assets	-94.84	-93.68	-173.76	-117.64	-2,894
Asset Writedown & Restructuring Costs	-	-	-	-29.21	-
Loss (Gain) From Sale of Investments	139.24	386.1	-1,610	881.39	-292.26
Loss (Gain) on Equity Investments	253.07	6.16	-	-	-
Provision & Write-off of Bad Debts	9.41	19.33	5.32	57.93	11.86
Other Operating Activities	25,287	26,536	21,630	10,080	13,465
Change in Accounts Receivable	-18,592	-733.99	-18,453	7,590	-4,820
Change in Inventory	-2,832	-996.62	-630.45	-949.59	-137.45
Change in Accounts Payable	53.38	-172.48	696.5	-344.38	1,038
Change in Unearned Revenue	69.88	-31.29	-28.96	-193.66	232.47
Change in Other Net Operating Assets	-52,937	-53,111	-19,185	-7,228	-16,587
Operating Cash Flow	19,856	38,187	36,790	36,612	15,438
Operating Cash Flow Growth	-48.00%	3.80%	0.48%	137.16%	-32.01%
Capital Expenditures	-30,576	-35,153	-24,052	-13,606	-8,263
Sale of Property, Plant & Equipment	1,414	108.2	190.61	233.91	4,778
Sale (Purchase) of Intangibles	-155.94	-180	-47.19	-108.8	-61.2
Investment in Securities	45,096	30,640	1,176	-80,270	1,440
Other Investing Activities	-0	-	-	-	0
Investing Cash Flow	15,779	-4,585	-22,733	-93,751	-2,106
Short-Term Debt Repaid	-	-	-	-	-30,000
Long-Term Debt Repaid	-11,121	-6,451	-9,658	-10,743	-3,596
Total Debt Repaid	-11,121	-6,451	-9,658	-10,743	-33,596
Net Debt Issued (Repaid)	-11,121	-6,451	-9,658	-10,743	-33,596
Dividends Paid	-3,058	-3,058	-	-	-0.01
Other Financing Activities	-862.51	-1,171	-1,116	-783.72	-1,135
Financing Cash Flow	-15,041	-10,680	-10,774	-11,526	-34,731
Foreign Exchange Rate Adjustments	-20.07	80.47	-16.76	-220.35	3.83
Net Cash Flow	20,574	23,003	3,265	-68,886	-21,395
Free Cash Flow	-10,720	3,033	12,737	23,006	7,175
Free Cash Flow Growth	-	-76.19%	-44.64%	220.66%	-53.09%
Free Cash Flow Margin	-1.62%	0.48%	2.34%	5.74%	2.08%
Free Cash Flow Per Share	-3505.19	991.89	4164.95	7522.78	2345.99
Cash Interest Paid	862.51	1,171	1,116	783.72	1,135
Cash Income Tax Paid	6,489	3,442	1,022	1,133	1,174
Levered Free Cash Flow	1,240	21,995	23,192	18,135	-4,896
Unlevered Free Cash Flow	1,779	22,726	23,889	18,625	-4,151
Change in Working Capital	-74,238	-55,045	-37,601	-1,126	-20,273

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