Kwong Fong Industries Cash Flow Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	150.6	146.93	95.1	94.46	81.86
Depreciation & Amortization	22.8	21.11	22.41	22.92	23.4
Other Amortization	7.22	7.38	8.07	6.05	3.18
Loss (Gain) From Sale of Assets	0.33	-	-3.04	-6.75	-319.1
Loss (Gain) From Sale of Investments	-38.91	-14.24	-5.81	5.27	-2.21
Provision & Write-off of Bad Debts	-0.04	-0.62	0.85	-0.19	5.26
Other Operating Activities	-7.46	54.93	39.41	3.05	-18.08
Change in Accounts Receivable	-5.08	-0.62	-6.03	38.13	14.22
Change in Inventory	-6.39	-	17.79	-	30.75
Change in Accounts Payable	0.89	0.56	-1.54	-0.64	4.49
Change in Unearned Revenue	55.7	3.35	21.2	-0.15	21.58
Change in Other Net Operating Assets	-0.62	-6.02	66.46	-7.41	71.07
Operating Cash Flow	179.03	212.76	254.86	154.75	199.31
Operating Cash Flow Growth	-15.85%	-16.52%	64.69%	-22.36%	96.13%
Capital Expenditures	-7.68	-0.98	-1.1	-0.15	-6.19
Sale of Property, Plant & Equipment	-	-	74.85	-	0.25
Sale (Purchase) of Intangibles	-9.43	-6.72	-7.1	-4.46	-16.19
Investment in Securities	-207.2	-650.13	-292.71	-462.91	-1,186
Other Investing Activities	-1.85	69.03	-19.71	-4.73	4,150
Investing Cash Flow	-226.15	-588.8	-245.76	-472.25	2,942
Short-Term Debt Issued	3,381	3,558	89.96	-	-
Long-Term Debt Issued	137.42	75.72	20.08	591.24	323.84
Total Debt Issued	3,518	3,634	110.04	591.24	323.84
Short-Term Debt Repaid	-3,304	-3,303	-30.82	-58	-244.85
Long-Term Debt Repaid	-16.61	-21.26	-28.06	-118.36	-3,123
Total Debt Repaid	-3,321	-3,324	-58.88	-176.36	-3,368
Net Debt Issued (Repaid)	197.48	309.26	51.16	414.88	-3,044
Repurchase of Common Stock	-	-	-	-4.9	-
Common Dividends Paid	-103.8	-92.68	-92.67	-95.98	-92.71
Other Financing Activities	-20.02	-26.44	3.32	0	-39.66
Financing Cash Flow	73.66	190.14	-38.19	314	-3,176
Foreign Exchange Rate Adjustments	1.37	105.37	-55.68	13.03	-0.13
Net Cash Flow	27.92	-80.51	-84.77	9.52	-35.26
Free Cash Flow	171.36	211.79	253.76	154.59	193.13
Free Cash Flow Growth	-19.09%	-16.54%	64.15%	-19.95%	124.18%
Free Cash Flow Margin	47.58%	63.50%	85.77%	61.99%	81.51%
Free Cash Flow Per Share	0.92	1.14	1.37	0.83	1.04
Cash Interest Paid	12.33	11.64	3.16	2.54	25.6
Cash Income Tax Paid	21.68	16.4	16.7	17.01	7.2
Levered Free Cash Flow	8.66	-4.63	115.53	-25.92	4,382
Unlevered Free Cash Flow	18.15	3.87	120.41	-19.81	4,387
Change in Working Capital	44.5	-2.73	97.87	29.93	142.11

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