Kiwoom Securities 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	1,113,586	835,047	436,281	507,326	903,715
Depreciation & Amortization, Total	64,328	53,064	40,898	40,517	36,413
Gain (Loss) On Sale of Investments	-630,436	-352,571	-496,539	361,575	-147,238
Change in Other Net Operating Assets	7,010,477	-4,731,014	-1,159,576	1,563,079	-2,086,826
Other Operating Activities	-1,043,727	-930,092	-998,626	-812,091	-65,186
Operating Cash Flow	-6,399,934	-4,971,289	-2,147,456	-2,011,806	-3,528,474
Capital Expenditures	-67,738	-22,187	-9,702	-9,507	-15,527
Sale (Purchase) of Intangibles	-17,800	-11,718	-17,141	-16,458	-18,031
Investment in Securities	-1,009,541	-85,369	-248,296	-303,693	-312,486
Other Investing Activities	-46,953	-43,247	-10,943	33,609	34,190
Investing Cash Flow	-1,519,877	-179,704	-291,739	-295,073	-314,725
Short-Term Debt Issued	483,728	150,000	-	210,100	299,900
Long-Term Debt Issued	9,755,955	6,573,036	4,292,260	3,958,658	4,519,911
Total Debt Issued	10,239,683	6,723,036	4,292,260	4,168,758	4,819,811
Short-Term Debt Repaid	-	-	-70,000	-	-
Long-Term Debt Repaid	-1,513,759	-1,340,140	-1,235,292	-1,469,088	-1,155,729
Total Debt Repaid	-1,513,759	-1,340,140	-1,305,292	-1,469,088	-1,155,729
Net Debt Issued (Repaid)	8,725,924	5,382,896	2,986,968	2,699,671	3,664,082
Issuance of Common Stock	-	-	-	-	439,906
Repurchase of Common Stock	-35,040	-80,558	-36,307	-84,141	-
Common Dividends Paid	-205,679	-88,099	-89,284	-105,645	-77,270
Other Financing Activities	13,166	65,494	-77,203	10,872	3,411
Financing Cash Flow	8,498,371	5,279,733	2,784,173	2,520,757	4,030,129
Foreign Exchange Rate Adjustments	137.9	4,163	-70.22	-4,938	81.02
Net Cash Flow	578,698	132,902	344,909	208,939	187,011
Free Cash Flow	-6,467,672	-4,993,476	-2,157,158	-2,021,312	-3,544,000
Free Cash Flow Margin	-45.97%	-57.06%	-31.25%	-28.44%	-70.04%
Free Cash Flow Per Share	-228643.59	-168159.42	-74390.00	-65132.87	-116686.86
Cash Interest Paid	1,114,489	1,077,916	967,950	488,291	206,913
Cash Income Tax Paid	450,766	134,549	179,493	371,032	286,318

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