Hanwha REIT Cash Flow Statement

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

Millions KRW. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023
Period Ending	Oct '25 Oct 31, 2025	Apr '25 Apr 30, 2025	Oct '24 Oct 31, 2024	Apr '24 Apr 30, 2024	Oct '23 Oct 31, 2023
Net Income	23,229	21,584	5,599	6,409	5,563
Depreciation & Amortization	12,677	12,555	9,666	7,912	8,029
Other Operating Activities	396.69	925.86	4,898	123.87	545.2
Change in Unearned Revenue	-232.4	636.92	2.76	-	-30.63
Change in Other Net Operating Assets	1,101	-2,711	2,164	-132.42	799.43
Operating Cash Flow	37,171	32,991	22,331	14,312	14,906
Operating Cash Flow Growth	12.67%	47.74%	56.03%	-3.98%	55.85%
Capital Expenditures	-284.32	-32.46	-1,665,502	-989.39	-624.26
Investment in Securities	-349.15	-506.44	25,841	-16,866	15,497
Other Investing Activities	-	-	-	-	-0
Investing Cash Flow	-633.47	-538.9	-1,639,661	-17,855	14,873
Total Debt Issued	220,000	1,007,400	2,397,152	239,900	-
Total Debt Repaid	-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	-22,310	-22,168	-22,310	-18,522
Other Financing Activities	-12,520	-6,255	-	-	-
Financing Cash Flow	-23,212	-81,204	1,699,783	-2,410	-18,522
Miscellaneous Cash Flow Adjustments	-	0	-0	-	-
Net Cash Flow	13,326	-48,752	82,452	-5,953	11,256
Free Cash Flow	36,887	32,959	-1,643,172	13,323	14,281
Free Cash Flow Growth	11.92%	-	-	-6.71%	-
Free Cash Flow Margin	35.19%	32.66%	-2451.62%	29.20%	30.68%
Free Cash Flow Per Share	205.38	195.31	-23276.69	188.71	202.30
Cash Interest Paid	34,219	37,064	26,019	17,839	17,513
Cash Income Tax Paid	-11.73	-51.15	42.8	-67.18	-1.09
Levered Free Cash Flow	30,044	47,794	-1,633,630	7,654	-
Unlevered Free Cash Flow	52,517	73,038	-1,613,472	20,138	-
Change in Working Capital	868.74	-2,074	2,167	-132.42	768.8