K-TOP Reits 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	6,216	5,170	11,631	10,052	11,480
Depreciation & Amortization	134.08	108.48	90.17	85.21	83.11
Loss (Gain) From Sale of Assets	-	-15.94	-2,044	0.58	-
Loss (Gain) From Sale of Investments	-7,281	-3,127	-12,376	-5,489	-18,546
Loss (Gain) on Equity Investments	0.1	-1.44	0.29	-	-
Provision & Write-off of Bad Debts	78.79	-	60.77	-	-
Other Operating Activities	2,472	-2,333	2,755	-741.49	11,869
Change in Accounts Receivable	-391.24	-1,056	-41.81	97.86	-60.74
Change in Income Taxes	-	-	-	-	-7.48
Change in Other Net Operating Assets	804.63	-5,308	5,902	252.45	-951.82
Operating Cash Flow	2,033	-6,563	5,977	4,257	3,866
Operating Cash Flow Growth	-	-	40.41%	10.10%	125.47%
Capital Expenditures	-7,836	-145.5	-113.13	-16,958	-13.21
Sale of Property, Plant & Equipment	-	15.94	87,237	21.87	-
Divestitures	-	-	14.43	-	1,146
Sale (Purchase) of Intangibles	-	-1.46	-0.79	-36	-15
Investment in Securities	-161.33	-111.87	3,430	-1,406	-6,265
Other Investing Activities	-	-	-30.76	-0	0
Investing Cash Flow	-7,997	-242.9	90,537	-18,378	-5,147
Short-Term Debt Issued	3,463	12,000	11,000	13,600	78,600
Long-Term Debt Issued	23,600	-	22,000	-	22,031
Total Debt Issued	27,063	12,000	33,000	13,600	100,631
Short-Term Debt Repaid	-	-12,000	-70,000	-	-50,530
Long-Term Debt Repaid	-22,000	-	-20,100	-	-50,000
Total Debt Repaid	-22,000	-12,000	-90,100	-	-100,530
Net Debt Issued (Repaid)	5,063	-	-57,100	13,600	100.64
Repurchase of Common Stock	-637.14	-443.79	-	-5.04	-600.7
Dividends Paid	-3,224	-4,536	-5,157	-1,837	-3,697
Other Financing Activities	-0	-	-	-90	-
Financing Cash Flow	1,202	-4,980	-62,257	11,668	-4,197
Miscellaneous Cash Flow Adjustments	0	-0	-	0	0
Net Cash Flow	-4,761	-11,786	34,257	-2,452	-5,478
Free Cash Flow	-5,802	-6,709	5,864	-12,701	3,853
Free Cash Flow Margin	-38.47%	-55.50%	21.80%	-58.71%	12.06%
Free Cash Flow Per Share	-124.15	-140.14	122.81	-266.62	80.46
Cash Interest Paid	2,832	3,289	6,169	4,031	2,390
Cash Income Tax Paid	395.3	2,935	193.35	544.41	1,056
Levered Free Cash Flow	-5,059	-4,947	8,087	-1,093	5,117
Unlevered Free Cash Flow	-3,084	-2,705	12,144	1,768	7,234
Change in Working Capital	413.39	-6,364	5,860	350.31	-1,020

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