HAESUNG DS 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	58,697	84,426	159,400	71,262
Depreciation & Amortization	50,204	44,669	39,029	32,941
Loss (Gain) From Sale of Assets	-9.33	172.62	121.71	249.26
Asset Writedown & Restructuring Costs	1,555	-	-	-
Loss (Gain) on Equity Investments	-	-	-	793.85
Provision & Write-off of Bad Debts	2,687	640.55	425.95	70.6
Other Operating Activities	7,901	-16,992	39,248	14,275
Change in Accounts Receivable	-11,878	31,463	-12,983	-51,165
Change in Inventory	-20,952	22,360	-24,058	-22,285
Change in Accounts Payable	-9,229	3,609	-6,291	6,777
Change in Other Net Operating Assets	-18,355	-27,242	1,962	4,194
Operating Cash Flow	60,622	143,107	196,854	57,113
Operating Cash Flow Growth	-57.64%	-27.30%	244.68%	28.69%
Capital Expenditures	-148,738	-93,912	-78,112	-27,581
Sale of Property, Plant & Equipment	758.44	125.64	298.91	203.31
Cash Acquisitions	-	-	-10,986	-8,000
Divestitures	-	-	-	1,873
Sale (Purchase) of Intangibles	-10,548	-4,083	-2,279	-470.33
Investment in Securities	-	30,000	-30,000	-
Other Investing Activities	14,757	49.53	-1,416	483.44
Investing Cash Flow	-143,770	-67,821	-122,495	-33,492
Short-Term Debt Issued	313,464	166,198	368,191	270,654
Long-Term Debt Issued	21,662	26,126	-	-
Total Debt Issued	335,126	192,324	368,191	270,654
Short-Term Debt Repaid	-275,792	-173,579	-370,988	-267,992
Long-Term Debt Repaid	-16,976	-14,783	-14,328	-10,764
Total Debt Repaid	-292,768	-188,362	-385,316	-278,756
Net Debt Issued (Repaid)	42,358	3,962	-17,125	-8,102
Dividends Paid	-15,300	-15,300	-10,200	-7,650
Other Financing Activities	-0.5	0.5	0	-2,005
Financing Cash Flow	27,057	-11,337	-27,325	-17,757
Foreign Exchange Rate Adjustments	423.59	-452.85	-0.38	5.91
Net Cash Flow	-55,667	63,496	47,034	5,869
Free Cash Flow	-88,116	49,195	118,742	29,532
Free Cash Flow Growth	-	-58.57%	302.08%	287.11%
Free Cash Flow Margin	-14.61%	7.32%	14.15%	4.51%
Free Cash Flow Per Share	-5183.28	2893.81	6984.81	1737.15
Cash Interest Paid	2,904	4,068	1,912	1,398
Cash Income Tax Paid	10,761	52,944	24,133	9,267
Levered Free Cash Flow	-93,023	24,460	80,698	19,292
Unlevered Free Cash Flow	-91,037	27,370	81,905	20,175
Change in Working Capital	-60,413	30,190	-41,370	-62,479

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