Chang-Ho Fibre 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	33.73	151.32	27.24	37.03	9.65
Depreciation & Amortization	35.01	37.27	38.06	37.62	36
Loss (Gain) From Sale of Assets	-0.89	-29.71	0.25	1.85	-19.97
Loss (Gain) From Sale of Investments	8.5	-91.08	-24.32	-64.56	-
Loss (Gain) on Equity Investments	-0.14	-0.03	-0.28	0.79	-3.62
Provision & Write-off of Bad Debts	-3.68	23.65	7.78	-3.42	-2.73
Other Operating Activities	-9.51	27.21	40.24	-3.48	-1.37
Change in Accounts Receivable	18.04	-22.05	-20.18	4.45	-0.14
Change in Inventory	102.27	17.5	80.6	155.97	-549.7
Change in Accounts Payable	-29.08	58.73	-107.71	-9.95	16.93
Change in Unearned Revenue	9.4	-50.29	-75.2	27.27	9.36
Change in Other Net Operating Assets	5.12	-77.36	12.69	50.93	20.58
Operating Cash Flow	151.58	106.38	-34.02	298.43	-485.02
Operating Cash Flow Growth	42.49%	-	-	-	-
Capital Expenditures	-6.85	-34.88	-46.51	-35.85	-20.22
Sale of Property, Plant & Equipment	1.06	91.33	6.82	9.25	53.84
Sale (Purchase) of Intangibles	-	-	-	-1.26	-
Investment in Securities	-458.53	94.73	-205.27	443	-
Other Investing Activities	-1.41	-1.08	-17.82	-76.16	-380.34
Investing Cash Flow	-465.73	150.11	-262.77	338.97	-346.72
Short-Term Debt Issued	483.58	-	43.4	-	690.75
Long-Term Debt Issued	-	100	318.86	-	246.1
Total Debt Issued	483.58	100	362.26	-	936.84
Short-Term Debt Repaid	-	-145.65	-	-416.27	-
Long-Term Debt Repaid	-100.1	-0.1	-83.49	-455.24	-413.57
Total Debt Repaid	-100.1	-145.75	-83.49	-871.51	-413.57
Net Debt Issued (Repaid)	383.48	-45.75	278.77	-871.51	523.27
Other Financing Activities	0.18	-	0.87	-0.57	2.99
Financing Cash Flow	383.66	-45.75	279.64	-872.08	526.26
Foreign Exchange Rate Adjustments	-2.24	2.96	-0.02	2.21	-1.02
Net Cash Flow	67.27	213.69	-17.18	-232.47	-306.5
Free Cash Flow	144.73	71.5	-80.53	262.58	-505.25
Free Cash Flow Growth	102.42%	-	-	-	-
Free Cash Flow Margin	17.49%	6.63%	-7.65%	18.59%	-44.33%
Free Cash Flow Per Share	0.90	0.45	-0.50	1.64	-3.15
Cash Interest Paid	12.83	31.11	30.09	24.05	23.72
Cash Income Tax Paid	21.73	17.63	2.6	0.08	9.05
Levered Free Cash Flow	-350.14	85.16	-372.95	561.27	-914.84
Unlevered Free Cash Flow	-342.12	99.45	-354.24	575.44	-900.23
Change in Working Capital	88.55	-12.25	-122.98	292.61	-502.97

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