Cryomax Cooling System 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	29.91	-33.8	42.06	136.91	102.48
Depreciation & Amortization	162.48	176.35	177.69	180.34	163.39
Loss (Gain) From Sale of Assets	-2.05	-0.73	-0.7	-0.23	-1.65
Loss (Gain) From Sale of Investments	2.51	-4.74	-4.2	-11.65	2.34
Stock-Based Compensation	-	12.64	-	-	-
Provision & Write-off of Bad Debts	-0.01	-	-	-	-
Other Operating Activities	-1.68	-30.11	1.67	-6.67	21.85
Change in Accounts Receivable	-211	-169.82	-2.94	-29.28	-75.9
Change in Inventory	-129.19	-40.81	191.6	32.44	-201.85
Change in Accounts Payable	145.32	70.56	11.23	36.64	-5.29
Change in Unearned Revenue	19.47	4.52	-8.99	-1.2	-12.81
Change in Other Net Operating Assets	7.62	-19.8	-69.91	13.47	14.31
Operating Cash Flow	17.68	-35.72	345.47	366.72	19.8
Operating Cash Flow Growth	-	-	-5.79%	1751.84%	-92.81%
Capital Expenditures	-98.97	-122.64	-457.5	-161.62	-111.5
Sale of Property, Plant & Equipment	14.01	9.37	29.52	17	7.55
Sale (Purchase) of Intangibles	-	-	-0.27	-0.02	-0.99
Other Investing Activities	0.32	-1	-0.49	-1.52	-0.33
Investing Cash Flow	-84.65	-114.27	-428.75	-146.16	-105.26
Short-Term Debt Issued	586.36	628.94	418.33	447.39	1,103
Long-Term Debt Issued	-	-	360	-	-
Total Debt Issued	586.36	628.94	778.33	447.39	1,103
Short-Term Debt Repaid	-309.77	-720.69	-461.5	-409.38	-819.78
Long-Term Debt Repaid	-138.46	-100.78	-150.91	-65.13	-117.69
Total Debt Repaid	-448.23	-821.46	-612.4	-474.51	-937.47
Net Debt Issued (Repaid)	138.12	-192.52	165.93	-27.12	165.52
Issuance of Common Stock	-	244.43	-	-	-
Repurchase of Common Stock	-	-6.18	-	-	-
Common Dividends Paid	-40.03	-34.31	-68.62	-68.62	-98.04
Financing Cash Flow	98.1	11.42	97.3	-95.74	67.49
Foreign Exchange Rate Adjustments	-42.08	38.09	-4.98	40.03	-9.96
Net Cash Flow	-10.95	-100.49	9.04	164.85	-27.94
Free Cash Flow	-81.3	-158.36	-112.03	205.1	-91.69
Free Cash Flow Margin	-3.07%	-7.35%	-5.28%	8.09%	-3.90%
Free Cash Flow Per Share	-1.01	-2.18	-1.55	2.83	-1.27
Cash Interest Paid	36.72	38.54	29.67	21.15	10.72
Cash Income Tax Paid	19.12	15.75	24.19	67.44	26.01
Levered Free Cash Flow	-121.84	-154.75	-140.08	129.16	-104.02
Unlevered Free Cash Flow	-98.07	-131.52	-120.68	142.42	-95.59
Change in Working Capital	-173.49	-155.34	128.96	68.02	-268.61

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