Baolong International 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	1.27	37.75	30.1	426.88	184.58
Depreciation & Amortization	1.42	1.41	1.17	0.94	0.73
Loss (Gain) From Sale of Assets	-	-52.35	-	-	-
Loss (Gain) From Sale of Investments	7.77	10.33	11.43	-73.16	-36.29
Loss (Gain) on Equity Investments	19.9	-9.66	-17.24	-50.17	-29.71
Other Operating Activities	4.26	-9.62	35.79	30.54	27.99
Change in Accounts Receivable	-70.82	-9.67	-2.13	68.43	-132.24
Change in Inventory	-7.32	12.03	31.29	-28.13	-37.06
Change in Accounts Payable	578.09	112.83	-32.58	-185.22	181.95
Change in Unearned Revenue	-16.13	20.51	2.67	-	-
Change in Other Net Operating Assets	-2.03	3.27	-2.71	1.28	-16.53
Operating Cash Flow	516.41	116.85	57.8	191.38	143.42
Operating Cash Flow Growth	341.93%	102.18%	-69.80%	33.43%	46.32%
Capital Expenditures	-0.3	-4.88	-	-	-
Sale of Property, Plant & Equipment	-	37.9	-	-	-
Sale (Purchase) of Real Estate	-0.82	62.86	-0.64	-0.79	-0.61
Investment in Securities	-200.41	-132.67	-32.1	-407.78	-43.38
Other Investing Activities	-	-	-0.45	0.76	-0.4
Investing Cash Flow	-201.53	-36.79	-33.18	-407.81	-44.39
Short-Term Debt Issued	-	40.47	75	324.61	99.82
Long-Term Debt Issued	-	-	-	106.32	-
Total Debt Issued	-	40.47	75	430.93	99.82
Short-Term Debt Repaid	-299.82	-	-0.05	-	-140
Long-Term Debt Repaid	-1.45	-54.61	-54.37	-0.97	-0.75
Total Debt Repaid	-301.28	-54.61	-54.42	-0.97	-140.75
Net Debt Issued (Repaid)	-301.28	-14.15	20.58	429.96	-40.93
Common Dividends Paid	-15.1	-22.65	-75.5	-90.6	-60.4
Financing Cash Flow	-316.38	-36.8	-54.92	339.36	-101.33
Net Cash Flow	-1.49	43.27	-30.31	122.92	-2.3
Free Cash Flow	516.11	111.98	57.8	191.38	143.42
Free Cash Flow Growth	360.91%	93.75%	-69.80%	33.43%	47.47%
Free Cash Flow Margin	16.59%	3.49%	1.70%	4.16%	7.78%
Free Cash Flow Per Share	3.42	0.74	0.38	1.27	0.95
Cash Interest Paid	39.4	38.21	33.83	19.99	17.15
Cash Income Tax Paid	4.68	24.67	6.48	9.68	7.08
Levered Free Cash Flow	514.28	101.38	-23.1	-140.51	-11.45
Unlevered Free Cash Flow	538.91	125	-1.39	-127.45	-0.73
Change in Working Capital	481.78	138.98	-3.45	-143.65	-3.87

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