SeAH Steel Cash Flow Statement

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

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	93,064	137,062	188,834
Depreciation & Amortization	34,298	31,062	30,668
Loss (Gain) From Sale of Assets	-751	-708	684
Asset Writedown & Restructuring Costs	-	-	3,979
Loss (Gain) on Equity Investments	-30	257	120
Other Operating Activities	-13,354	17,124	-33,077
Change in Accounts Receivable	-21,626	86,688	-74,079
Change in Inventory	1,642	46,610	-4,478
Change in Accounts Payable	-16,101	-1,724	-7,945
Change in Other Net Operating Assets	-12,227	-16,483	6,461
Operating Cash Flow	64,914	299,889	111,167
Operating Cash Flow Growth	-41.61%	169.76%	-
Capital Expenditures	-61,792	-90,352	-49,877
Sale of Property, Plant & Equipment	1,435	1,230	241.58
Cash Acquisitions	-68,883	-68,883	-
Sale (Purchase) of Intangibles	72	-551.51	-
Investment in Securities	-93,960	-58,595	-46,042
Other Investing Activities	-2,096	-288.18	-1,170
Investing Cash Flow	-224,610	-217,287	-96,635
Short-Term Debt Issued	-	21,953	12,301
Long-Term Debt Issued	-	140,000	-
Total Debt Issued	265,003	161,953	12,301
Short-Term Debt Repaid	-	-80,000	-60,000
Long-Term Debt Repaid	-	-1,382	-2,085
Total Debt Repaid	-94,538	-81,382	-62,085
Net Debt Issued (Repaid)	170,465	80,572	-49,784
Dividends Paid	-19,601	-22,401	-16,801
Other Financing Activities	-447.61	-547.61	100
Financing Cash Flow	150,417	57,623	-66,484
Foreign Exchange Rate Adjustments	3,401	4,112	-290.28
Net Cash Flow	-5,878	144,336	-52,243
Free Cash Flow	3,123	209,536	61,290
Free Cash Flow Growth	-94.91%	241.88%	-
Free Cash Flow Margin	0.19%	11.58%	3.29%
Free Cash Flow Per Share	1115.19	74831.77	21888.47
Cash Interest Paid	10,580	7,137	9,327
Cash Income Tax Paid	96,275	61,909	68,111
Levered Free Cash Flow	-	187,480	-
Unlevered Free Cash Flow	-	192,410	-
Change in Working Capital	-48,312	115,091	-80,041

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.