Baolong International Cash Flow Statement

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

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	17.21	37.75	30.1	426.88	184.58	93.26
Depreciation & Amortization	1.41	1.41	1.17	0.94	0.73	0.62
Loss (Gain) From Sale of Assets	-26.11	-52.35	-	-	-	-
Loss (Gain) From Sale of Investments	-17.87	10.33	11.43	-73.16	-36.29	-3.34
Loss (Gain) on Equity Investments	8.61	-9.66	-17.24	-50.17	-29.71	-37.52
Other Operating Activities	-5.74	-9.62	35.79	30.54	27.99	-4.52
Change in Accounts Receivable	-20.83	-9.67	-2.13	68.43	-132.24	50.79
Change in Inventory	7.97	12.03	31.29	-28.13	-37.06	14.53
Change in Accounts Payable	454.79	112.83	-32.58	-185.22	181.95	-22
Change in Unearned Revenue	-10.8	20.51	2.67	-	-	-
Change in Other Net Operating Assets	-39.85	3.27	-2.71	1.28	-16.53	6.2
Operating Cash Flow	368.79	116.85	57.8	191.38	143.42	98.02
Operating Cash Flow Growth	309.97%	102.18%	-69.80%	33.43%	46.32%	52.77%
Capital Expenditures	-4.88	-4.88	-	-	-	-0.76
Sale of Property, Plant & Equipment	1.22	37.9	-	-	-	-
Sale (Purchase) of Real Estate	62.97	62.86	-0.64	-0.79	-0.61	-0.76
Investment in Securities	-203.91	-132.67	-32.1	-407.78	-43.38	-167.92
Other Investing Activities	-	-	-0.45	0.76	-0.4	-
Investing Cash Flow	-144.6	-36.79	-33.18	-407.81	-44.39	-169.44
Short-Term Debt Issued	-	40.47	75	324.61	99.82	165.09
Long-Term Debt Issued	-	-	-	106.32	-	-
Total Debt Issued	40.47	40.47	75	430.93	99.82	165.09
Short-Term Debt Repaid	-	-	-0.05	-	-140	-
Long-Term Debt Repaid	-	-54.61	-54.37	-0.97	-0.75	-15.63
Total Debt Repaid	-205.19	-54.61	-54.42	-0.97	-140.75	-15.63
Net Debt Issued (Repaid)	-164.72	-14.15	20.58	429.96	-40.93	149.47
Common Dividends Paid	-15.1	-22.65	-75.5	-90.6	-60.4	-75.5
Financing Cash Flow	-179.82	-36.8	-54.92	339.36	-101.33	73.97
Net Cash Flow	44.37	43.27	-30.31	122.92	-2.3	2.54
Free Cash Flow	363.91	111.98	57.8	191.38	143.42	97.26
Free Cash Flow Growth	304.55%	93.75%	-69.80%	33.43%	47.47%	51.58%
Free Cash Flow Margin	11.97%	3.49%	1.70%	4.16%	7.78%	7.81%
Free Cash Flow Per Share	2.41	0.74	0.38	1.27	0.95	0.64
Cash Interest Paid	40.21	38.21	33.83	19.99	17.15	15.75
Cash Income Tax Paid	4.72	24.67	6.48	9.68	7.08	6.23
Levered Free Cash Flow	404.02	101.38	-23.1	-140.51	-11.45	31.82
Unlevered Free Cash Flow	429.59	125	-1.39	-127.45	-0.73	41.6
Change in Working Capital	391.27	138.98	-3.45	-143.65	-3.87	49.53

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.