Hanon Systems (KRX:018880)
South Korea · Delayed Price · Currency is KRW 3,525.00
+30.00 (0.86%)
Sep 4, 2026, 3:30 PM KST
Hanon Systems Cash Flow Statement
Financials in millions KRW. Fiscal year is January - December.
Millions KRW. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 | -5,064 | -198,546 | -363,256 | 50,985 | 20,438 | 308,515 |
Depreciation & Amortization | 760,772 | 741,913 | 651,184 | 598,415 | 557,879 | 508,532 |
Loss (Gain) From Sale of Assets | 3,288 | 4,673 | 14,499 | -5,284 | 550.22 | 2,849 |
Asset Writedown & Restructuring Costs | 230,937 | 234,945 | 134,984 | 21,079 | 40,516 | 78,280 |
Loss (Gain) From Sale of Investments | -905.52 | -1,147 | -1,141 | 1,608 | 19,523 | -26,319 |
Loss (Gain) on Equity Investments | -10,598 | -10,538 | -12,823 | -12,474 | -8,896 | -5,417 |
Stock-Based Compensation | - | - | 85.97 | 1,582 | 1,557 | 2,005 |
Provision & Write-off of Bad Debts | -2,258 | -845.27 | 5,893 | 2,017 | -1,644 | -5,949 |
Other Operating Activities | 57,158 | 41,592 | 108,984 | 52,977 | 121,478 | -36,660 |
Change in Accounts Receivable | 207,504 | -317,749 | 177,331 | -21,008 | -218,438 | 243,896 |
Change in Inventory | -78,813 | -121,582 | -48,534 | -140,372 | -167,790 | -162,857 |
Change in Accounts Payable | -327,973 | -125,509 | -220,881 | 27,751 | 239,170 | -134,982 |
Change in Other Net Operating Assets | -251,073 | -134,869 | 122,928 | -59,920 | -226,034 | -135,585 |
Operating Cash Flow | 582,975 | 112,337 | 569,254 | 517,356 | 378,310 | 636,307 |
Operating Cash Flow Growth | 81.74% | -80.27% | 10.03% | 36.75% | -40.55% | -20.02% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -227,369 | -302,883 | -393,227 | -481,176 | -385,075 | -387,670 |
Sale of Property, Plant & Equipment | 53,649 | 48,965 | 13,351 | 64,831 | 10,154 | 4,209 |
Cash Acquisitions | - | - | - | - | - | 39,088 |
Divestitures | - | - | - | - | - | 2,292 |
Sale (Purchase) of Intangibles | -133,528 | -187,092 | -347,653 | -316,944 | -256,583 | -215,909 |
Investment in Securities | -9,441 | 7,044 | 2,000 | 5,295 | -9,841 | -1,437 |
Other Investing Activities | -20,688 | -117,317 | -0 | 30,853 | -53.7 | 2,018 |
Investing Cash Flow | -337,816 | -546,996 | -732,734 | -677,283 | -643,322 | -557,280 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Short-Term Debt Issued | - | 3,562,200 | 2,963,972 | 1,692,126 | 1,428,078 | 1,081,880 |
Long-Term Debt Issued | - | 720,000 | 773,385 | 652,431 | 509,092 | 498,488 |
Total Debt Issued | 4,863,048 | 4,282,200 | 3,737,357 | 2,344,557 | 1,937,170 | 1,580,368 |
Short-Term Debt Repaid | - | -3,723,993 | -2,978,730 | -2,082,252 | -1,106,495 | -1,046,316 |
Long-Term Debt Repaid | - | -1,534,069 | -660,218 | -557,550 | -374,484 | -348,498 |
Total Debt Repaid | -6,000,111 | -5,258,062 | -3,638,948 | -2,639,802 | -1,480,979 | -1,394,815 |
Net Debt Issued (Repaid) | -1,137,063 | -975,862 | 98,409 | -295,245 | 456,191 | 185,554 |
Issuance of Common Stock | 978,684 | 978,684 | 598,521 | - | - | - |
Dividends Paid | -1,872 | -1,872 | -46,369 | -185,020 | -194,197 | -209,784 |
Other Financing Activities | -2,662 | -0 | 0 | - | -0 | -0 |
Financing Cash Flow | -162,913 | 949.57 | 650,562 | -480,265 | 261,994 | -24,230 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | 96,804 | 11,999 | 80,858 | -10,388 | 28,396 | 23,599 |
Miscellaneous Cash Flow Adjustments | 0 | - | - | - | - | - |
Net Cash Flow | 179,050 | -421,711 | 567,939 | -650,581 | 25,379 | 78,396 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | 355,606 | -190,546 | 176,027 | 36,180 | -6,765 | 248,637 |
Free Cash Flow Growth | 8656.65% | - | 386.54% | - | - | -36.82% |
Free Cash Flow Margin | 3.22% | -1.75% | 1.76% | 0.38% | -0.08% | 3.38% |
Free Cash Flow Per Share | 415.15 | -280.39 | 327.90 | 67.79 | -12.68 | 463.35 |
Levered Free Cash Flow | 225,813 | -494,558 | 111,851 | -263,200 | -170,410 | -72,982 |
Unlevered Free Cash Flow | 356,372 | -345,276 | 277,333 | -147,163 | -104,421 | -19,456 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash Interest Paid | 207,801 | 239,362 | 254,952 | 188,819 | 98,460 | 90,311 |
Cash Income Tax Paid | 88,099 | 110,711 | 93,317 | 91,292 | 64,923 | 58,308 |
Change in Working Capital | -450,354 | -699,710 | 30,844 | -193,549 | -373,091 | -189,528 |