Shinhan Financial Group Co., Ltd. (SHG)

Shinhan Financial Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	4,971,561	4,450,177	4,368,035	4,665,643	4,019,254
Depreciation & Amortization	990,365	1,004,745	962,069	821,917	902,692
Other Amortization	304,720	275,637	222,937	177,765	-
Gain (Loss) on Sale of Investments	-1,498,775	-653,031	-1,353,410	1,142,306	-662,345
Provision for Credit Losses	1,908,258	1,903,923	2,151,598	1,263,457	974,685
Change in Trading Asset Securities	-4,739,668	214,353	-8,101,264	7,001,764	-2,929,031
Change in Other Net Operating Assets	-19,094,357	-44,397,633	659,607	-27,878,863	-37,313,595
Other Operating Activities	3,016,735	2,930,783	3,125,365	1,806,976	2,418,066
Operating Cash Flow	-14,362,386	-34,247,224	1,909,849	-11,120,732	-32,748,874
Capital Expenditures	-258,659	-263,836	-261,444	-326,546	-343,166
Sale of Property, Plant and Equipment	56,596	6,652	19,822	718,348	68,136
Cash Acquisitions	-1,071,250	-	-	-27,840	-
Investment in Securities	-9,141,306	1,065,421	-3,722,088	-10,356,965	-11,003,560
Income (Loss) Equity Investments	-221,225	23,822	-125,088	-121,697	-158,600
Divestitures	98,267	-	-	-	-
Purchase / Sale of Intangibles	-363,965	-506,836	-429,765	-593,541	-539,473
Other Investing Activities	-228,027	-154,947	-39,638	-361,953	-212,447
Investing Cash Flow	-10,903,780	148,533	-4,271,713	-10,695,927	-12,030,510
Long-Term Debt Issued	49,607,077	54,660,582	55,827,114	45,667,237	30,564,891
Long-Term Debt Repaid	-45,516,257	-53,586,428	-44,070,500	-42,037,853	-24,418,525
Net Debt Issued (Repaid)	4,090,820	1,074,154	11,756,614	3,629,384	6,146,366
Issuance of Common Stock	797,870	798,163	897,646	997,120	23,588
Repurchase of Common Stock	-1,900,070	-900,102	-1,681,578	-435,060	-79
Common Dividends Paid	-1,293,828	-1,267,146	-1,461,371	-1,540,871	-1,218,761
Total Dividends Paid	-1,293,828	-1,267,146	-1,461,371	-1,540,871	-1,218,761
Net Increase (Decrease) in Deposit Accounts	24,093,267	38,873,523	-1,380,003	18,309,172	36,948,828
Other Financing Activities	-444,147	112,281	248,855	744,142	10,631
Financing Cash Flow	25,343,912	38,690,873	8,380,163	21,703,887	41,910,573
Foreign Exchange Rate Adjustments	-26,857	238,477	-15,361	-58,955	112,854
Net Cash Flow	47,580	4,830,659	6,002,938	-171,727	-2,755,957
Free Cash Flow	-14,621,045	-34,511,060	1,648,405	-11,447,278	-33,092,040
Free Cash Flow Margin	-93.00%	-236.17%	11.59%	-86.39%	-138.88%
Free Cash Flow Per Share	-30054.49	-68172.47	3174.85	-21572.64	-61964.32
Cash Interest Paid	14,749,663	15,218,677	13,058,769	6,770,156	4,114,027
Cash Income Tax Paid	1,076,814	1,030,947	1,931,943	1,693,408	1,149,965

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

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