KB Financial Group (KB) Cash Flow: Operating & Free Cash Flow

KB Financial Group (KB) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), KB Financial Group generated KRW 4.23T of operating cash flow and spent KRW 554.97B on capital expenditures. That left free cash flow of KRW 3.67T, up 8.2% from KRW 3.39T a year earlier, or 17.3% of revenue. It returned KRW 2.80T to shareholders through KRW 1.30T in dividends and KRW 1.50T in share buybacks.

KB Financial Group Cash Flow Statement Analysis

Values in trillions KRW

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for KB Financial Group Inc. (KB) - Annual data in trillions KRW
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	5.84	5.03	4.53	3.89	4.38	3.52	3.31	3.06	3.34
Depreciation & Amortization	0.91	0.92	0.87	0.88	1.01	1.05	0.98	0.62	0.55
Stock Based Compensation	0.15	0.14	0.07	0.06	0.10	0.05	0.05	0.01	0.07
Change in Working Capital	4.97	3.09	1.80	2.90	-11.96	-16.73	2.68	-15.32	-11.42
Change in Accounts Receivable	-0.05	-0.10	-0.04	-0.11	0.01	-0.05	-0.01	0.00	0.06
Change in Accounts Payable	0.00	0.39	-0.85	0.00	0.00	0.00	0.00	0.00	0.00
Change in Other Working Capital	5.02	-8.46	-5.27	3.00	-6.62	-16.68	2.69	-15.31	-11.48
Other Operating Activities	-7.65	-8.46	-5.27	-2.96	3.26	3.71	2.38	2.66	2.61
Net Cash from Operating Activities	4.23	4.02	4.11	4.76	-34.52	-8.41	9.40	-8.96	-4.84
Investing Activities
Capital Expenditures	-0.55	-0.63	-0.68	-0.50	-0.29	-0.61	-0.94	-0.58	-0.41
Acquisitions	-0.26	0.09	1.30	0.93	-0.26	-1.95	0.09	0.19	-0.41
Purchases of Investments	-82.96	-64.08	-58.60	-57.21	-69.19	-106.71	-91.74	-73.62	-46.59
Sales/Maturities of Investments	77.29	60.97	55.96	36.48	65.29	97.52	80.88	70.43	38.19
Other Investing Activities	0.73	-0.47	-1.83	0.46	0.08	0.57	-0.95	-1.03	0.37
Net Cash from Investing Activities	-5.54	-3.83	-3.52	-19.64	-3.86	-10.99	-12.33	-4.48	-8.73
Financing Activities
Debt Repayment	7.24	-85.52	-86.14	15.39	-117.51	22.39	2.31	12.64	14.74
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Common Stock Repurchased	-1.50	-0.82	-0.57	0.00	0.00	0.00	-0.27	-0.22	-0.19
Dividends Paid	-1.30	-1.49	-1.15	-1.44	-0.98	-0.88	-0.77	-0.77	-0.50
Other Financing Activities	1.36	-0.19	2.85	1.23	-0.85	3.75	1.01	0.10	0.63
Net Cash from Financing Activities	5.80	-1.98	-1.24	15.18	43.32	25.26	2.28	11.74	14.69
Summary
Effect of Forex Changes on Cash	-0.07	0.57	-0.06	0.20	0.24	-0.26	0.14	-0.07	-0.13
Net Change in Cash	4.41	-1.22	-0.71	0.50	5.18	5.60	-0.52	-1.76	0.99
Cash at Beginning of Period	24.61	25.83	26.53	26.03	20.09	14.49	6.64	8.40	7.41
Cash at End of Period	29.02	24.61	25.83	26.53	25.27	20.09	6.12	6.64	8.40
Free Cash Flow	3.67	3.39	3.43	4.26	-34.81	-9.02	8.46	-9.54	-5.25
Supplemental Disclosures
Interest Paid	-	15.35	13.12	6.36	4.06	-	-	-	-
Income Taxes Paid	-	1.16	2.19	1.52	1.59	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About KB Financial Group Cash Flow

What is KB Financial Group's free cash flow?

KB Financial Group generated free cash flow of KRW 3.67T in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of KRW 4.23T minus KRW 554.97B of capital expenditures. That was up 8.2% from KRW 3.39T a year earlier. Free cash flow equaled 17.3% of revenue.

How much does KB Financial Group spend on capital expenditures?

KB Financial Group spent KRW 554.97B on capital expenditures in fiscal 2025, compared with KRW 626.91B a year earlier. That equals 13.1% of operating cash flow.

Does KB Financial Group pay dividends or buy back shares?

Yes. In fiscal 2025 KB Financial Group returned KRW 1.30T in dividends and KRW 1.50T in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition