Chosun Refractories 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	-8,094	5,825	47,167
Depreciation & Amortization	11,596	12,033	11,892
Loss (Gain) From Sale of Assets	-97.95	-25.12	489.76
Loss (Gain) From Sale of Investments	-2,061	-619.51	32.34
Loss (Gain) on Equity Investments	19,465	4,221	-961.88
Provision & Write-off of Bad Debts	-605.41	-2,624	2,553
Other Operating Activities	4,386	9,799	15,893
Change in Accounts Receivable	-1,872	33,369	-79,727
Change in Inventory	-4,049	-4,778	-5,553
Change in Accounts Payable	5,804	-4,885	10,156
Change in Other Net Operating Assets	-1,595	367.38	4,213
Operating Cash Flow	22,876	52,683	6,154
Operating Cash Flow Growth	271.76%	756.13%	-
Capital Expenditures	-17,984	-14,395	-18,192
Sale of Property, Plant & Equipment	226.35	135.03	9.33
Sale (Purchase) of Intangibles	-18.53	-50.11	-51.2
Investment in Securities	76,380	-85,946	-140,143
Other Investing Activities	1,007	589.35	0
Investing Cash Flow	59,611	-99,667	-158,377
Short-Term Debt Issued	-	141,794	-
Long-Term Debt Issued	-	0.95	-
Total Debt Issued	68,211	141,794	217,658
Short-Term Debt Repaid	-	-23,956	-
Long-Term Debt Repaid	-	-753.6	-
Total Debt Repaid	-120,315	-24,709	-53,106
Net Debt Issued (Repaid)	-52,104	117,085	164,552
Repurchase of Common Stock	-	-	-362.03
Dividends Paid	-12,330	-9,802	-
Other Financing Activities	212.05	10,400	-1.58
Financing Cash Flow	-64,222	117,684	164,188
Foreign Exchange Rate Adjustments	504.6	575.75	-88.75
Net Cash Flow	18,770	71,275	11,877
Free Cash Flow	4,893	38,287	-12,039
Free Cash Flow Margin	0.94%	7.65%	-2.15%
Free Cash Flow Per Share	413.15	3231.24	-1015.91
Cash Interest Paid	10,213	8,166	3,607
Cash Income Tax Paid	3,194	1,626	294.93
Levered Free Cash Flow	-	27,645	-
Unlevered Free Cash Flow	-	33,034	-
Change in Working Capital	-1,713	24,073	-70,912

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