PI Advanced Materials Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	23,377	-1,796	45,710	64,000
Depreciation & Amortization	32,395	29,283	25,816	23,702
Loss (Gain) From Sale of Assets	47.05	172.15	544.05	1,083
Asset Writedown & Restructuring Costs	908.77	-	-	-
Stock-Based Compensation	489.28	-	-	-
Provision & Write-off of Bad Debts	-	-	-	-347.16
Other Operating Activities	6,685	-3,525	-8,520	8,936
Change in Accounts Receivable	-2,913	-1,930	12,819	-9,611
Change in Inventory	967	43,163	-42,239	-9,901
Change in Accounts Payable	-1,227	-3,097	-9,713	9,419
Change in Other Net Operating Assets	-5,596	-2,257	-6,979	1,275
Operating Cash Flow	55,132	60,013	17,437	88,556
Operating Cash Flow Growth	-8.13%	244.16%	-80.31%	9.41%
Capital Expenditures	-13,224	-52,194	-107,793	-32,699
Sale of Property, Plant & Equipment	158.43	2.9	27.6	511.03
Sale (Purchase) of Intangibles	390.03	-50.01	-4,794	-3,698
Investment in Securities	3	-	15,000	-15,000
Other Investing Activities	50.46	-30.25	-429.88	71.1
Investing Cash Flow	-13,415	-52,362	-97,766	-50,557
Short-Term Debt Issued	7,801	33,215	-	3,170
Long-Term Debt Issued	15,000	27,050	59,000	14,000
Total Debt Issued	22,801	60,265	59,000	17,170
Short-Term Debt Repaid	-37,000	-	-7,315	-
Long-Term Debt Repaid	-1,660	-4,893	-14,592	-20,324
Total Debt Repaid	-38,660	-4,893	-21,907	-20,324
Net Debt Issued (Repaid)	-15,859	55,372	37,093	-3,153
Dividends Paid	-	-22,876	-32,009	-20,879
Other Financing Activities	-	-0	-0	0
Financing Cash Flow	-15,859	32,495	5,084	-24,033
Foreign Exchange Rate Adjustments	545.03	-137.97	1,185	656.32
Miscellaneous Cash Flow Adjustments	-	-0	0	-
Net Cash Flow	26,403	40,008	-74,060	14,622
Free Cash Flow	41,908	7,818	-90,356	55,857
Free Cash Flow Growth	436.02%	-	-	-22.47%
Free Cash Flow Margin	16.68%	3.59%	-32.68%	18.50%
Free Cash Flow Per Share	1427.09	266.24	-3076.85	1902.08
Cash Interest Paid	5,003	3,401	457.35	870.02
Cash Income Tax Paid	881.65	3,110	20,194	12,205
Levered Free Cash Flow	30,387	9,395	-106,141	34,841
Unlevered Free Cash Flow	33,546	11,602	-105,701	35,423
Change in Working Capital	-8,770	35,878	-46,113	-8,818

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