Hanwha REIT Cash Flow Statement

Financials in millions KRW. Fiscal year is May - April.

Millions KRW. Fiscal year is May - Apr.

Fiscal Year	FY 2026	FY 2025	FY 2025	FY 2024	FY 2024
Period Ending	Apr '26 Apr 30, 2026	Oct '25 Oct 31, 2025	Apr '25 Apr 30, 2025	Oct '24 Oct 31, 2024	Apr '24 Apr 30, 2024
Net Income	34,820	23,229	21,584	5,599	6,409
Depreciation & Amortization	12,471	12,677	12,555	9,666	7,912
Other Operating Activities	-449.44	396.69	925.86	4,898	123.87
Change in Unearned Revenue	351.76	-232.4	636.92	2.76	-
Change in Other Net Operating Assets	-1,185	1,101	-2,711	2,164	-132.42
Operating Cash Flow	46,007	37,171	32,991	22,331	14,312
Operating Cash Flow Growth	23.77%	12.67%	47.74%	56.03%	-3.98%
Capital Expenditures	-	-284.32	-32.46	-1,665,502	-989.39
Investment in Securities	714.6	-349.15	-506.44	25,841	-16,866
Other Investing Activities	-4,000	-	-	-	-
Investing Cash Flow	-3,285	-633.47	-538.9	-1,639,661	-17,855
Total Debt Issued	80,000	220,000	1,007,400	2,397,152	239,900
Total Debt Repaid	-80,000	-182,200	-1,827,400	-675,200	-220,000
Net Debt Issued (Repaid)	-	37,800	-820,000	1,721,952	19,900
Issuance of Common Stock	-	-	767,360	-	-
Dividends Paid	-48,492	-48,492	-22,310	-22,168	-22,310
Other Financing Activities	-	-12,520	-6,255	-	-
Financing Cash Flow	-48,492	-23,212	-81,204	1,699,783	-2,410
Miscellaneous Cash Flow Adjustments	0	-	0	-0	-
Net Cash Flow	-5,770	13,326	-48,752	82,452	-5,953
Free Cash Flow	46,007	36,887	32,959	-1,643,172	13,323
Free Cash Flow Growth	24.73%	11.92%	-	-	-6.71%
Free Cash Flow Margin	42.40%	35.19%	32.66%	-2451.62%	29.20%
Free Cash Flow Per Share	256.18	205.38	195.31	-23276.69	188.71
Cash Interest Paid	29,782	34,219	37,064	26,019	17,839
Cash Income Tax Paid	-6.56	-11.73	-51.15	42.8	-67.18
Levered Free Cash Flow	33,100	30,044	47,794	-1,633,630	7,654
Unlevered Free Cash Flow	54,238	52,517	73,038	-1,613,472	20,138
Change in Working Capital	-833.71	868.74	-2,074	2,167	-132.42