Miwon Chemicals 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	24,726	26,931	21,814	16,261	11,350
Depreciation & Amortization	13,681	13,091	13,422	11,532	11,670
Loss (Gain) From Sale of Assets	6.26	-281.39	-59.94	-22.76	35.79
Asset Writedown & Restructuring Costs	74.03	-	-24.53	34.65	-132.63
Loss (Gain) on Equity Investments	-158.39	-100.72	-140.47	119.97	13.23
Provision & Write-off of Bad Debts	86	9.75	73.94	-3.62	104.09
Other Operating Activities	-2,154	-1,240	-601.2	4,400	2,550
Change in Accounts Receivable	-8,922	1,268	-7,731	-425.24	-10,353
Change in Inventory	-1,704	-3,211	1,813	-2,835	-3,126
Change in Accounts Payable	-2,435	838.15	777.26	137.61	631.71
Change in Other Net Operating Assets	-2,516	889.64	4,121	-650.73	-3,038
Operating Cash Flow	20,683	38,194	33,464	28,547	9,706
Operating Cash Flow Growth	-45.85%	14.14%	17.22%	194.12%	-53.12%
Capital Expenditures	-8,704	-11,297	-11,776	-17,093	-5,767
Sale of Property, Plant & Equipment	24.86	398.45	104.73	65.32	-
Investment in Securities	-14,020	-7,000	-12,000	-	16.65
Other Investing Activities	2,590	1,909	792.38	310.91	306.16
Investing Cash Flow	-20,122	-15,181	-22,826	-16,631	-5,665
Short-Term Debt Issued	3,849	1,675	5,338	7,387	7,779
Total Debt Issued	3,849	1,675	5,338	7,387	7,779
Short-Term Debt Repaid	-3,489	-1,982	-5,126	-7,986	-8,105
Total Debt Repaid	-3,489	-1,982	-5,126	-7,986	-8,105
Net Debt Issued (Repaid)	359.44	-306.92	211.77	-599.3	-326.12
Issuance of Common Stock	-	-	-	312.08	-
Repurchase of Common Stock	-5,707	-	-3,338	-	-
Dividends Paid	-7,808	-7,709	-5,931	-4,932	-4,895
Other Financing Activities	-3.96	-0	-0.02	-0.28	99.79
Financing Cash Flow	-13,160	-8,016	-9,057	-5,220	-5,122
Foreign Exchange Rate Adjustments	-99.4	9.54	-2.86	-329.55	23.28
Miscellaneous Cash Flow Adjustments	-	-0	-0	-0	0
Net Cash Flow	-12,698	15,007	1,578	6,367	-1,058
Free Cash Flow	11,979	26,897	21,688	11,453	3,939
Free Cash Flow Growth	-55.46%	24.02%	89.36%	190.78%	-17.18%
Free Cash Flow Margin	4.21%	10.50%	9.32%	4.87%	1.99%
Free Cash Flow Per Share	-	1342.90	1069.94	560.59	193.32
Cash Interest Paid	-	-	0.02	0.28	0.21
Cash Income Tax Paid	8,416	6,955	5,475	2,113	1,594
Levered Free Cash Flow	5,582	20,314	18,063	5,897	-903.84
Unlevered Free Cash Flow	5,582	20,314	18,063	5,898	-903.71
Change in Working Capital	-15,578	-214.63	-1,020	-3,773	-15,885

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