SAMWONSTEEL 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	10,359	13,243	16,609	13,013	8,804	8,119
Depreciation & Amortization	6,625	6,964	6,975	6,557	6,550	6,772
Loss (Gain) From Sale of Assets	-58.92	93.1	-147.45	50.65	-45.91	6.56
Loss (Gain) on Equity Investments	2,559	2,383	-94.9	1,806	693.37	1,095
Provision & Write-off of Bad Debts	98.89	-136.2	18.59	260.05	-22.79	104.37
Other Operating Activities	2,054	-1,302	2,050	5,203	2,751	2,891
Change in Accounts Receivable	-9,777	13,673	-1,874	-26,071	2,274	-10,459
Change in Inventory	6,570	2,391	-3,821	1,799	-18,500	-3,901
Change in Accounts Payable	1,946	-16,964	-1,569	5,895	6,563	10,357
Change in Other Net Operating Assets	5,528	-1,166	-307.83	-2,288	-2,193	-3,221
Operating Cash Flow	25,905	19,179	17,837	6,225	6,874	11,764
Operating Cash Flow Growth	41.29%	7.52%	186.56%	-9.44%	-41.57%	-37.24%
Capital Expenditures	-18,155	-7,193	-3,342	-11,477	-7,366	-1,279
Sale of Property, Plant & Equipment	1,193	33.18	-	892.9	45.91	60
Sale (Purchase) of Intangibles	-	-	-302.82	-	-	-
Investment in Securities	12,500	-17,189	-24,796	37,999	-3.49	-13,218
Other Investing Activities	3.94	1.5	0	-	2	-
Investing Cash Flow	-4,310	-24,432	-28,472	27,295	-7,457	-14,437
Long-Term Debt Repaid	-	-	-	-	-	-5,052
Net Debt Issued (Repaid)	-	-	-	-	-	-5,052
Dividends Paid	-4,371	-4,371	-4,173	-4,173	-4,173	-4,587
Financing Cash Flow	-4,371	-4,371	-4,173	-4,173	-4,173	-9,639
Foreign Exchange Rate Adjustments	70.55	36.79	9.87	-1,323	-6.39	-27.26
Miscellaneous Cash Flow Adjustments	0	-	-	-	-	-
Net Cash Flow	17,295	-9,587	-14,798	28,024	-4,763	-12,340
Free Cash Flow	7,750	11,986	14,495	-5,252	-492.18	10,485
Free Cash Flow Growth	-36.75%	-17.31%	-	-	-	-26.63%
Free Cash Flow Margin	2.17%	3.49%	4.04%	-1.44%	-0.16%	4.26%
Free Cash Flow Per Share	195.02	301.62	364.76	-132.17	-12.38	263.69
Cash Interest Paid	0.88	4.25	2.11	16.11	4.7	38.95
Cash Income Tax Paid	3,403	5,590	4,584	3,227	2,790	2,842
Levered Free Cash Flow	-3,185	4,065	4,512	-6,851	-4,183	7,482
Unlevered Free Cash Flow	-3,184	4,067	4,513	-6,841	-4,180	7,506
Change in Working Capital	4,267	-2,066	-7,572	-20,665	-11,856	-7,224

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