Solus 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	-66,862	4,641	187,509	-11,344	11,874
Depreciation & Amortization	73,949	67,734	64,730	47,787	35,563
Loss (Gain) From Sale of Assets	3,689	231	-284,094	179	2
Asset Writedown & Restructuring Costs	4	-	-	-	1,453
Loss (Gain) From Sale of Investments	270	-	-	-	-
Stock-Based Compensation	-179	-186	-219	-2,473	4,081
Provision & Write-off of Bad Debts	15	1	1	-	-70
Other Operating Activities	-53,167	-158,850	16,113	-38,712	-12,320
Change in Accounts Receivable	-6,204	-31,476	26,030	-10,439	-20,245
Change in Inventory	6,798	-16,264	-27,348	-37,189	-65,974
Change in Accounts Payable	23,475	-13,205	-13,398	-23,673	23,531
Change in Other Net Operating Assets	67.75	-42,587	48,172	-24,548	-19,870
Operating Cash Flow	-18,144	-189,962	17,495	-100,411	-41,974
Capital Expenditures	-233,541	-257,611	-244,584	-339,646	-232,036
Sale of Property, Plant & Equipment	30.6	22.64	21.51	6.99	1,241
Sale (Purchase) of Intangibles	-1,104	-1,635	-555.59	-3,668	-3,474
Investment in Securities	-15,573	136,206	-151,543	-2,471	30
Other Investing Activities	33,998	4,075	325,581	-327.17	124.44
Investing Cash Flow	-227,939	-118,943	-71,079	-346,278	-234,031
Long-Term Debt Issued	364,011	648,221	832,501	245,755	210,499
Total Debt Issued	364,011	648,221	832,501	245,755	210,499
Long-Term Debt Repaid	-221,081	-321,222	-812,386	-205,534	-175,721
Total Debt Repaid	-221,081	-321,222	-812,386	-205,534	-175,721
Net Debt Issued (Repaid)	142,930	326,999	20,115	40,221	34,778
Issuance of Common Stock	-	-	-	238,489	-
Common Dividends Paid	-925.88	-4,553	-4,553	-3,967	-406.61
Other Financing Activities	-0	-1,558	-6.99	182,460	57,342
Financing Cash Flow	142,004	320,888	15,555	457,204	91,713
Foreign Exchange Rate Adjustments	1,066	14,031	4,306	12,672	18,278
Miscellaneous Cash Flow Adjustments	-	-	0	-0	-
Net Cash Flow	-103,012	26,015	-33,723	23,186	-166,014
Free Cash Flow	-251,684	-447,572	-227,088	-440,058	-274,010
Free Cash Flow Margin	-40.85%	-78.39%	-52.88%	-105.20%	-72.05%
Free Cash Flow Per Share	-2888.96	-5137.46	-2606.64	-4989.08	-3610.20
Cash Interest Paid	41,169	26,581	10,295	12,250	4,151
Cash Income Tax Paid	7,274	82,298	4,169	2,340	9,664
Levered Free Cash Flow	-76,709	-421,682	-64,088	-417,372	-277,756
Unlevered Free Cash Flow	-60,509	-405,382	-48,713	-411,934	-274,786
Change in Working Capital	24,137	-103,532	33,456	-95,849	-82,558

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