Koal Software Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-63.23	-85.49	36.81	36.97	-8.71	79.71
Depreciation & Amortization	35.99	35.99	21.63	36.22	36.31	34.82
Other Amortization	7.86	7.86	19.28	6.8	2.89	2.29
Loss (Gain) From Sale of Assets	-	-	-	-	-4.33	-
Asset Writedown & Restructuring Costs	3.05	3.05	2.35	1.56	-	-
Loss (Gain) From Sale of Investments	-10.13	-10.13	-19.08	-51.42	-25.65	-48.17
Provision & Write-off of Bad Debts	-	-	17.5	1.72	21.18	1.7
Other Operating Activities	25.42	39.97	-0.77	2.52	-13.7	1
Change in Accounts Receivable	40.77	40.77	-69.65	-21.31	-15.27	-32.94
Change in Inventory	-27.17	-27.17	72.73	55.47	128.89	-236.47
Change in Accounts Payable	-14.72	-14.72	-76.01	-123.15	-140.36	188.35
Operating Cash Flow	-18.09	-25.79	-12.01	-61.13	-33.61	-12.62
Capital Expenditures	-2.82	-3.65	-114.45	-51.09	-12.83	-100.84
Sale of Property, Plant & Equipment	0.03	0.03	-	0.07	-	-
Cash Acquisitions	-	-	-	-	-	0.03
Divestitures	2.5	-	-0.05	-	-	-
Investment in Securities	34.06	-49.5	88.76	140.57	104.36	-116.03
Other Investing Activities	16.43	13.43	18.68	26.73	34.28	35.83
Investing Cash Flow	50.2	-39.68	-7.05	116.28	125.82	-181.01
Long-Term Debt Issued	-	-	58.43	10	-	-
Long-Term Debt Repaid	-	-14.1	-16.27	-5.6	-	-
Net Debt Issued (Repaid)	-4.14	-14.1	42.16	4.4	-	-
Issuance of Common Stock	-	-	25.65	7.05	14.37	-
Repurchase of Common Stock	-	-	-12.22	-12.25	-	-
Common Dividends Paid	-13.39	-13.43	-14.08	-0.07	-30.12	-23.17
Other Financing Activities	-16.88	-16.88	-	-	-	-
Financing Cash Flow	-34.41	-44.42	41.5	-0.88	-15.76	-23.17
Net Cash Flow	-2.3	-109.89	22.44	54.28	76.45	-216.8
Free Cash Flow	-20.91	-29.44	-126.46	-112.22	-46.44	-113.46
Free Cash Flow Margin	-5.54%	-8.23%	-23.89%	-19.99%	-7.04%	-18.57%
Free Cash Flow Per Share	-	-0.13	-0.55	-0.49	-0.21	-0.48
Cash Income Tax Paid	38.91	38.91	41.23	27.77	67.52	49.29
Levered Free Cash Flow	219.97	-46.08	-120.42	-92.19	-22.1	-120.69
Unlevered Free Cash Flow	220.86	-46.08	-120.04	-92.02	-21.93	-120.66
Change in Working Capital	-17.05	-17.05	-89.73	-95.5	-41.6	-83.97

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