Lee Ku Industrial 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	10,920	12,607	656.31	5,721	21,054
Depreciation & Amortization	5,491	5,554	5,459	5,233	5,206
Loss (Gain) From Sale of Assets	51.88	103.47	-120.74	-	2,412
Provision & Write-off of Bad Debts	-94.14	8.7	-105.81	624.9	167.57
Other Operating Activities	816.58	4,500	3,189	-3,953	8,475
Change in Accounts Receivable	2,003	-8,253	11,385	-12,560	-6,335
Change in Inventory	-45,683	-5,079	5,536	2,429	-50,469
Change in Accounts Payable	19,882	-2,970	-5,437	5,004	10,619
Change in Other Net Operating Assets	1,776	-1,718	5,926	-4,187	-1,093
Operating Cash Flow	-4,837	4,754	26,488	-1,689	-9,961
Operating Cash Flow Growth	-	-82.05%	-	-	-
Capital Expenditures	-8,270	-1,558	-3,537	-5,091	-1,566
Sale of Property, Plant & Equipment	-	30.85	255.98	-	292.51
Sale (Purchase) of Intangibles	-	-	-	-	-221.75
Other Investing Activities	454.93	15	-3,501	-147.42	829.89
Investing Cash Flow	-7,812	-1,507	-6,776	-5,232	-662.05
Short-Term Debt Issued	734,632	719,793	714,235	541,043	407,202
Long-Term Debt Issued	-	-	1,000	-	-
Total Debt Issued	734,632	719,793	715,235	541,043	407,202
Short-Term Debt Repaid	-716,705	-717,222	-732,079	-529,745	-393,135
Long-Term Debt Repaid	-340.57	-365.43	-1,181	-1,954	-1,218
Total Debt Repaid	-717,046	-717,588	-733,259	-531,699	-394,353
Net Debt Issued (Repaid)	17,586	2,206	-18,024	9,344	12,849
Dividends Paid	-1,672	-1,672	-1,672	-1,672	-1,003
Other Financing Activities	-0	-0	-	-	-0
Financing Cash Flow	15,914	533.79	-19,696	7,672	11,845
Foreign Exchange Rate Adjustments	-141.96	65.59	-1.6	-1,302	-0.22
Net Cash Flow	3,123	3,846	13.89	-550.25	1,222
Free Cash Flow	-13,107	3,196	22,950	-6,780	-11,527
Free Cash Flow Growth	-	-86.08%	-	-	-
Free Cash Flow Margin	-2.58%	0.68%	5.30%	-1.58%	-3.45%
Free Cash Flow Per Share	-391.93	95.57	686.30	-202.74	-344.69
Cash Interest Paid	6,408	7,387	8,449	4,753	3,162
Cash Income Tax Paid	4,489	214.99	-1,200	5,194	89.21
Levered Free Cash Flow	-13,151	1,066	19,701	-7,250	-16,436
Unlevered Free Cash Flow	-9,154	5,749	24,813	-4,211	-14,551
Change in Working Capital	-22,022	-18,020	17,410	-9,314	-47,277

Source: S&P Global Market Intelligence. Standard template. Financial Sources.