POSCO Holdings Cash Flow Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,094,917	1,698,092	3,144,087	6,617,239
Depreciation & Amortization	3,984,460	3,844,653	3,693,579	3,579,446
Loss (Gain) From Sale of Assets	87,757	218,490	41,283	23,496
Asset Writedown & Restructuring Costs	656,115	405,753	583,845	535,848
Loss (Gain) on Equity Investments	315,652	-447,923	-677,764	-722,668
Provision & Write-off of Bad Debts	185,129	265,914	34,615	27,178
Other Operating Activities	2,756	1,269,973	-297,514	3,269,401
Change in Accounts Receivable	1,566,091	-1,127,629	547,480	-1,565,327
Change in Inventory	218,506	1,383,720	-415,596	-6,049,837
Change in Accounts Payable	-376,277	-118,796	141,925	1,401,942
Change in Other Net Operating Assets	-1,071,452	-1,224,552	-609,173	-857,352
Operating Cash Flow	6,663,655	6,167,695	6,186,765	6,259,365
Operating Cash Flow Growth	8.04%	-0.31%	-1.16%	-27.93%
Capital Expenditures	-7,673,583	-6,801,227	-4,929,147	-3,171,589
Sale of Property, Plant & Equipment	44,607	707.17	24,265	3,809
Cash Acquisitions	-	-150,201	-901,223	-
Divestitures	-	-	-	5,472
Sale (Purchase) of Intangibles	-481,074	-451,554	-485,125	-421,637
Investment in Securities	3,471,767	-174,882	1,681,940	-2,208,992
Other Investing Activities	155,997	5,181	335,251	69,835
Investing Cash Flow	-4,486,783	-7,388,224	-4,219,871	-5,583,508
Short-Term Debt Issued	-	-	1,764,569	-
Long-Term Debt Issued	5,899,541	7,817,217	4,553,746	4,358,955
Total Debt Issued	5,899,541	7,817,217	6,318,315	4,358,955
Short-Term Debt Repaid	-217,759	-2,524,077	-	-329,897
Long-Term Debt Repaid	-7,728,278	-4,683,942	-4,406,136	-4,000,830
Total Debt Repaid	-7,946,037	-7,208,020	-4,406,136	-4,330,727
Net Debt Issued (Repaid)	-2,046,496	609,197	1,912,179	28,228
Repurchase of Common Stock	-92,311	-	-	-116,771
Dividends Paid	-844,195	-815,451	-1,218,405	-1,310,920
Other Financing Activities	681,269	27,661	625,634	630,796
Financing Cash Flow	-2,301,733	-178,593	1,319,408	-768,666
Foreign Exchange Rate Adjustments	221,880	16,718	-8,741	112,951
Miscellaneous Cash Flow Adjustments	-	-	-	-0
Net Cash Flow	97,019	-1,382,403	3,277,562	20,143
Free Cash Flow	-1,009,928	-633,532	1,257,617	3,087,777
Free Cash Flow Growth	-	-	-59.27%	-43.73%
Free Cash Flow Margin	-1.39%	-0.82%	1.48%	4.04%
Free Cash Flow Per Share	-12949.38	-8350.28	15938.10	40263.96
Cash Interest Paid	1,028,654	1,048,047	577,260	450,288
Cash Income Tax Paid	553,706	727,437	2,773,599	588,968
Levered Free Cash Flow	-3,275,902	-1,569,391	-535,825	677,756
Unlevered Free Cash Flow	-2,618,707	-943,585	-156,163	952,647
Change in Working Capital	336,868	-1,087,257	-335,364	-7,070,574

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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