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 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	30,385	22,272	-1,796	45,710	64,000
Depreciation & Amortization	33,710	32,395	29,283	25,816	23,702
Loss (Gain) From Sale of Assets	13.35	47.05	172.15	544.05	1,083
Asset Writedown & Restructuring Costs	-	908.77	-	-	-
Stock-Based Compensation	184.82	489.28	-	-	-
Provision & Write-off of Bad Debts	-	-	-	-	-347.16
Other Operating Activities	8,098	6,685	-3,525	-8,520	8,936
Change in Accounts Receivable	-649.23	-2,913	-1,930	12,819	-9,611
Change in Inventory	7,113	977.01	43,163	-42,239	-9,901
Change in Accounts Payable	-1,375	-1,227	-3,097	-9,713	9,419
Change in Other Net Operating Assets	791.78	-4,501	-2,257	-6,979	1,275
Operating Cash Flow	78,272	55,132	60,013	17,437	88,556
Operating Cash Flow Growth	41.97%	-8.13%	244.16%	-80.31%	9.41%
Capital Expenditures	-3,934	-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	-395.88	390.03	-50.01	-4,794	-3,698
Investment in Securities	2	3	-	15,000	-15,000
Other Investing Activities	-733.78	50.46	-30.25	-429.88	71.1
Investing Cash Flow	-5,018	-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	-24,415	-37,000	-	-7,315	-
Long-Term Debt Repaid	-70,561	-1,660	-4,893	-14,592	-20,324
Total Debt Repaid	-94,976	-38,660	-4,893	-21,907	-20,324
Net Debt Issued (Repaid)	-94,976	-15,859	55,372	37,093	-3,153
Dividends Paid	-10,278	-	-22,876	-32,009	-20,879
Other Financing Activities	-	-	-0	-0	0
Financing Cash Flow	-105,254	-15,859	32,495	5,084	-24,033
Foreign Exchange Rate Adjustments	-132.18	545.03	-137.97	1,185	656.32
Miscellaneous Cash Flow Adjustments	-	-	-0	0	-
Net Cash Flow	-32,133	26,403	40,008	-74,060	14,622
Free Cash Flow	74,338	41,908	7,818	-90,356	55,857
Free Cash Flow Growth	77.38%	436.02%	-	-	-22.47%
Free Cash Flow Margin	28.22%	16.68%	3.59%	-32.68%	18.50%
Free Cash Flow Per Share	-	1427.09	266.24	-3076.85	1902.08
Cash Interest Paid	4,818	5,003	3,401	457.35	870.02
Cash Income Tax Paid	1,854	881.65	3,110	20,194	12,205
Levered Free Cash Flow	64,625	29,527	9,395	-106,141	34,841
Unlevered Free Cash Flow	67,362	32,687	11,602	-105,701	35,423
Change in Working Capital	5,880	-7,664	35,878	-46,113	-8,818

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