MH Ethanol Co.,Ltd. (KRX:023150)

MH Ethanol Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-4,345	-2,384	-3,110	4,670	4,985	5,911
Depreciation & Amortization	8,169	12,232	14,639	14,266	14,521	14,852
Loss (Gain) From Sale of Assets	18,905	20,388	16.91	-91.06	185.81	-168.27
Asset Writedown & Restructuring Costs	-	-	16,463	-	-	-
Loss (Gain) on Equity Investments	-0.24	-0.43	-0.59	-0.88	0.29	0.41
Provision & Write-off of Bad Debts	-	-	-	-	-4	-
Other Operating Activities	-13,415	-16,943	-17,488	3,081	5,797	10,170
Change in Accounts Receivable	1,897	877.05	148.14	45.44	-2,366	-179.53
Change in Inventory	1,900	-256.43	1,119	-2,192	413.08	-828.3
Change in Accounts Payable	630.97	-0.01	-54.27	-663.25	697.57	-78.08
Change in Other Net Operating Assets	-1,266	9,173	5,265	87.75	-7,752	-3,308
Operating Cash Flow	12,476	23,086	16,999	19,203	16,477	26,371
Operating Cash Flow Growth	-38.15%	35.81%	-11.48%	16.54%	-37.52%	38.90%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-5,007	-4,285	-5,992	-4,086	-5,067	-6,191
Sale of Property, Plant & Equipment	1,842	103.3	104.3	131.73	100.22	874.39
Sale (Purchase) of Intangibles	-216.19	-	-	-	-	-591.71
Investment in Securities	-366.53	-8,854	-536.85	9,927	-9,455	2,215
Other Investing Activities	1,147	1,781	2,509	-4,439	-2,396	978.58
Investing Cash Flow	-2,601	-11,255	-3,915	1,533	-16,818	-2,715

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	51,321	49,341	53,211	189,175	46,764
Long-Term Debt Repaid	-	-75,868	-58,416	-61,147	-198,197	-54,049
Net Debt Issued (Repaid)	-23,590	-24,547	-9,075	-7,936	-9,022	-7,285
Repurchase of Common Stock	-422.6	-	-610.08	-	-	-
Dividends Paid	-1,602	-1,602	-1,627	-1,627	-2,278	-2,278
Other Financing Activities	-	-1,956	-0	0	-0	-
Financing Cash Flow	-25,615	-28,105	-11,312	-9,563	-11,300	-9,563

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-	-	-	-0.46	-	-0.27
Miscellaneous Cash Flow Adjustments	0	-	-0	-	0	-
Net Cash Flow	-15,739	-16,274	1,772	11,173	-11,640	14,093

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	7,469	18,801	11,007	15,117	11,410	20,181
Free Cash Flow Growth	-48.01%	70.81%	-27.19%	32.49%	-43.46%	40.67%
Free Cash Flow Margin	8.85%	19.85%	10.96%	14.33%	10.30%	19.77%
Free Cash Flow Per Share	1166.81	2933.76	1699.27	2322.66	1753.13	3100.64
Levered Free Cash Flow	8,570	13,644	16,151	7,095	7,657	28,842
Unlevered Free Cash Flow	11,674	19,003	23,318	14,715	14,976	36,426

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	4,573	8,753	10,544	12,297	9,046	7,989
Cash Income Tax Paid	1,379	2,076	1,607	970.01	2,487	1,269
Change in Working Capital	3,162	9,794	6,478	-2,722	-9,007	-4,394

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 4, 2026

Data Sources Report a data error