DB Securities 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	79,295	50,105	6,170	-77.39	117,284	96,415
Depreciation & Amortization, Total	17,632	16,705	15,673	13,091	11,323	9,583
Gain (Loss) On Sale of Investments	-56,629	-33,463	-73,281	84,328	-7,517	-33,079
Change in Other Net Operating Assets	572,620	22,347	248,161	261,933	-952,256	1,683,982
Other Operating Activities	-211,075	-267,962	-217,218	-266,234	-100,280	-98,547
Operating Cash Flow	-832,752	-185,984	-7,341	-116,571	-197,243	309,103
Capital Expenditures	-5,286	-4,139	-1,473	-3,687	-6,842	-2,665
Sale (Purchase) of Intangibles	-3,090	-3,720	-3,363	-9,375	-5,374	-2,805
Investment in Securities	-495,724	-366,685	-57,505	-3,500	-4,686	-90
Other Investing Activities	684.55	23.65	533.17	2,705	-4,511	-6,848
Investing Cash Flow	-507,146	-376,272	-64,443	-13,857	-22,750	-12,408
Short-Term Debt Issued	-	-	100,000	-	-	30,000
Long-Term Debt Issued	-	550,566	400,576	283,567	28,412,366	28,372,331
Total Debt Issued	17,900,715	550,566	500,576	283,567	28,412,366	28,402,331
Short-Term Debt Repaid	-	-	-	-40,000	-	-
Long-Term Debt Repaid	-	-	-346,339	-	-28,025,738	-28,634,169
Total Debt Repaid	-16,474,957	-	-346,339	-40,000	-28,025,738	-28,634,169
Net Debt Issued (Repaid)	1,425,758	550,566	154,237	243,567	386,629	-231,838
Repurchase of Common Stock	-5,818	-3,578	-	-4,295	-	-
Dividends Paid	-16,222	-8,557	-7,334	-21,249	-12,965	-10,893
Other Financing Activities	-23,820	-28,076	3,258	-5,760	-2,993	-2,817
Financing Cash Flow	1,379,898	510,355	150,160	212,263	370,671	-245,548
Foreign Exchange Rate Adjustments	377.49	361.74	343.28	-612.24	978.64	-639.36
Net Cash Flow	40,378	-51,540	78,720	81,223	151,657	50,507
Free Cash Flow	-838,038	-190,123	-8,814	-120,258	-204,085	306,438
Free Cash Flow Margin	-60.89%	-19.79%	-1.05%	-11.58%	-16.01%	21.34%
Free Cash Flow Per Share	-20866.04	-4677.64	-216.14	-2935.27	-4926.14	7396.72
Cash Interest Paid	231,030	247,406	238,526	136,796	103,400	83,166
Cash Income Tax Paid	19,563	7,563	4,145	59,138	16,710	23,310

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