Chosun Refractories 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	2,223	471.1	47,167
Depreciation & Amortization	11,122	12,033	11,892
Loss (Gain) From Sale of Assets	-17.16	-25.12	489.76
Loss (Gain) From Sale of Investments	13,588	-619.51	32.34
Loss (Gain) on Equity Investments	1,804	12,721	-961.88
Provision & Write-off of Bad Debts	54.33	-2,624	2,553
Other Operating Activities	3,088	6,653	15,893
Change in Accounts Receivable	-5,943	33,369	-79,727
Change in Inventory	-3,813	-4,778	-5,553
Change in Accounts Payable	-36.04	-4,885	10,156
Change in Other Net Operating Assets	-5,495	367.38	4,213
Operating Cash Flow	16,577	52,683	6,154
Operating Cash Flow Growth	-68.53%	756.13%	-
Capital Expenditures	-20,479	-14,395	-18,192
Sale of Property, Plant & Equipment	159.75	135.03	9.33
Sale (Purchase) of Intangibles	-43.81	-50.11	-51.2
Investment in Securities	37,760	-85,946	-140,143
Other Investing Activities	656.48	589.35	0
Investing Cash Flow	18,054	-99,667	-158,377
Short-Term Debt Issued	66,978	141,794	-
Long-Term Debt Issued	-	0.95	-
Total Debt Issued	66,978	141,794	217,658
Short-Term Debt Repaid	-129,250	-23,956	-
Long-Term Debt Repaid	-742.82	-753.6	-
Total Debt Repaid	-129,993	-24,709	-53,106
Net Debt Issued (Repaid)	-63,015	117,085	164,552
Repurchase of Common Stock	-	-	-362.03
Dividends Paid	-12,330	-9,802	-
Other Financing Activities	-10,182	10,400	-1.58
Financing Cash Flow	-85,528	117,684	164,188
Foreign Exchange Rate Adjustments	88.84	575.75	-88.75
Net Cash Flow	-50,808	71,275	11,877
Free Cash Flow	-3,902	38,287	-12,039
Free Cash Flow Margin	-0.73%	7.65%	-2.15%
Free Cash Flow Per Share	-329.33	3250.94	-1015.91
Cash Interest Paid	9,974	8,166	3,607
Cash Income Tax Paid	2,675	1,626	294.93
Levered Free Cash Flow	-11,829	27,645	-
Unlevered Free Cash Flow	-5,856	33,034	-
Change in Working Capital	-15,286	24,073	-70,912

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