POSCO STEELEON 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	17,043	34,261	24,766	22,711	102,417
Depreciation & Amortization	13,495	12,495	12,594	14,707	15,991
Loss (Gain) From Sale of Assets	385.83	-367.81	298.65	91.5	-32.12
Asset Writedown & Restructuring Costs	-	-	-	-	12,626
Provision & Write-off of Bad Debts	-651.5	3,044	4,556	-1,341	1,557
Other Operating Activities	12,285	12,831	20,897	-1,026	34,888
Change in Accounts Receivable	11,507	26,251	-1,320	2,929	-48,938
Change in Inventory	25,477	-21,437	217	27,138	-64,506
Change in Accounts Payable	-20,182	-17,401	19,288	-30,669	32,708
Change in Other Net Operating Assets	-17,866	-12,469	-16,289	-11,207	-45,916
Operating Cash Flow	41,494	37,206	65,007	23,335	40,796
Operating Cash Flow Growth	11.52%	-42.77%	178.58%	-42.80%	-58.98%
Capital Expenditures	-18,815	-12,655	-13,285	-8,324	-8,874
Sale of Property, Plant & Equipment	1,509	2,078	48.15	11.68	59.15
Sale (Purchase) of Intangibles	-2,427	-349.19	-222.36	-612.27	-399.9
Investment in Securities	-14.35	-2	-	1,887	13,000
Other Investing Activities	-1,790	-102.41	-492.92	-248.58	58.73
Investing Cash Flow	-21,537	-11,031	-13,953	-7,286	3,844
Short-Term Debt Issued	12,579	35,000	103,400	125,000	94,428
Total Debt Issued	12,579	35,000	103,400	125,000	94,428
Short-Term Debt Repaid	-39,580	-42,663	-148,400	-134,500	-110,428
Long-Term Debt Repaid	-224.42	-235.81	-183.35	-902.67	-898.65
Total Debt Repaid	-39,805	-42,899	-148,583	-135,403	-111,327
Net Debt Issued (Repaid)	-27,226	-7,899	-45,183	-10,403	-16,899
Repurchase of Common Stock	-	-	-433.2	-	-
Dividends Paid	-12,940	-9,675	-5,250	-6,000	-3,000
Other Financing Activities	0	-0	-0	-	-
Financing Cash Flow	-40,166	-17,574	-50,867	-16,403	-19,899
Foreign Exchange Rate Adjustments	-763.37	2,600	263	506.32	-54.67
Net Cash Flow	-20,973	11,201	451.04	152.75	24,687
Free Cash Flow	22,678	24,551	51,722	15,011	31,922
Free Cash Flow Growth	-7.63%	-52.53%	244.55%	-52.98%	-63.84%
Free Cash Flow Margin	2.02%	2.03%	4.46%	1.25%	2.37%
Free Cash Flow Per Share	3785.73	4098.24	8631.19	2501.88	5320.37
Cash Interest Paid	908	2,358	4,268	2,987	1,944
Cash Income Tax Paid	7,522	9,532	5,156	21,590	1,311
Levered Free Cash Flow	18,930	14,409	52,783	15,163	24,065
Unlevered Free Cash Flow	19,501	15,937	55,433	17,004	25,293
Change in Working Capital	-1,064	-25,056	1,895	-11,808	-126,651

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.