D&D platform REIT Cash Flow Statement

Financials in millions KRW. Fiscal year is October - September.

Millions KRW. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	2018 - 2022
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Sep '24 Sep 30, 2024	Mar '24 Mar 31, 2024	Sep '23 Sep 30, 2023	2018 - 2022
Net Income	5,052	8,134	5,630	6,913	6,278	Upgrade
Depreciation & Amortization	9,686	9,513	9,256	9,252	9,249	Upgrade
Loss (Gain) on Equity Investments	-3,610	-4,814	-4,566	-4,769	-3,124	Upgrade
Other Operating Activities	5,754	5,402	5,374	5,457	4,603	Upgrade
Change in Accounts Receivable	-2,249	-102.82	736.99	1,876	-2,613	Upgrade
Change in Unearned Revenue	-	-	-2,202	1,723	-741.43	Upgrade
Change in Other Net Operating Assets	-1,786	770.82	1,285	2,058	-143.34	Upgrade
Operating Cash Flow	12,847	18,904	15,513	22,509	13,509	Upgrade
Operating Cash Flow Growth	-32.04%	21.86%	-31.08%	66.63%	878.98%	Upgrade
Capital Expenditures	-	-338,749	-464	-	-488.96	Upgrade
Investment in Securities	-34,069	-13,295	-3,554	4,003	2,610	Upgrade
Other Investing Activities	-	-0	-	-	-	Upgrade
Investing Cash Flow	-34,069	-352,044	-4,018	4,003	2,121	Upgrade
Total Debt Issued	881,503	219,859	115,630	-	114,492	Upgrade
Total Debt Repaid	-857,400	-14,000	-116,000	-	-114,000	Upgrade
Net Debt Issued (Repaid)	24,103	205,859	-370.18	-	492	Upgrade
Issuance of Common Stock	-	129,305	-	-	-	Upgrade
Dividends Paid	-22,277	-17,903	-17,774	-18,161	-19,320	Upgrade
Other Financing Activities	2,196	39,207	3,641	-	-3,481	Upgrade
Financing Cash Flow	4,023	356,468	-14,504	-18,161	-22,309	Upgrade
Miscellaneous Cash Flow Adjustments	0	-	0	-	-	Upgrade
Net Cash Flow	-17,199	23,328	-3,009	8,352	-6,679	Upgrade
Free Cash Flow	12,847	-319,845	15,049	22,509	13,020	Upgrade
Free Cash Flow Growth	-	-	-33.14%	72.89%	2376.65%	Upgrade
Free Cash Flow Margin	24.38%	-681.25%	37.23%	56.68%	31.12%	Upgrade
Free Cash Flow Per Share	145.32	-4019.93	233.68	351.66	202.17	Upgrade
Cash Interest Paid	26,776	21,241	18,770	17,527	16,987	Upgrade
Cash Income Tax Paid	83.19	-100.47	126.31	27.73	625.2	Upgrade
Levered Free Cash Flow	4,522	-329,612	17,194	13,952	5,560	Upgrade
Unlevered Free Cash Flow	22,661	-315,493	29,625	25,848	17,050	Upgrade
Change in Working Capital	-4,035	667.99	-180.59	5,657	-3,498	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.