Kedge Construction 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	1,243	874.36	990.35	1,048	740.48
Depreciation & Amortization	61.61	47.15	37.52	17.44	19.69
Loss (Gain) From Sale of Assets	-0.06	-	-	-	-0.03
Asset Writedown & Restructuring Costs	-	-	-	-	18.62
Loss (Gain) From Sale of Investments	-11.19	-34.39	-13.26	17.25	-34.68
Loss (Gain) on Equity Investments	-1.93	-1.37	-1.74	0.73	5.39
Provision & Write-off of Bad Debts	-	-7.55	-	-	7.55
Other Operating Activities	112.88	-159.3	-9.58	78.89	63.22
Change in Accounts Receivable	-970.49	-992.89	-699.86	-365.72	293.32
Change in Accounts Payable	400.87	-248.68	89.29	248.59	392.99
Change in Unearned Revenue	668.01	325.47	569.61	1,089	-1,081
Change in Other Net Operating Assets	512.06	85.39	253.32	-1,205	-156.51
Operating Cash Flow	2,015	-111.81	1,215	929.49	267.34
Operating Cash Flow Growth	-	-	30.77%	247.68%	-86.54%
Capital Expenditures	-45.98	-10.9	-15.16	-21.11	-3.88
Sale of Property, Plant & Equipment	0.06	-	-	-	0.08
Sale (Purchase) of Intangibles	-2.36	-5.98	-0.46	-	-
Investment in Securities	6.67	-2.98	-0.04	6.87	-12.42
Investing Cash Flow	-41.61	-19.86	-15.67	-14.24	-16.22
Short-Term Debt Issued	810	734	530	995	670
Total Debt Issued	810	734	530	995	670
Short-Term Debt Repaid	-810	-734	-915	-710	-620
Long-Term Debt Repaid	-23.45	-13.57	-16.07	-1.77	-2.68
Total Debt Repaid	-833.45	-747.57	-931.07	-711.77	-622.68
Net Debt Issued (Repaid)	-23.45	-13.57	-401.07	283.23	47.32
Common Dividends Paid	-394.04	-482.89	-484.05	-275.69	-381.73
Financing Cash Flow	-417.48	-496.45	-885.12	7.53	-334.4
Net Cash Flow	1,555	-628.12	314.69	922.79	-83.28
Free Cash Flow	1,969	-122.71	1,200	908.38	263.47
Free Cash Flow Growth	-	-	32.14%	244.78%	-86.17%
Free Cash Flow Margin	9.16%	-0.86%	8.40%	6.40%	2.45%
Free Cash Flow Per Share	14.95	-0.93	9.10	6.86	2.00
Cash Interest Paid	-	3.45	4.54	4	1.46
Cash Income Tax Paid	-	387.84	275.47	194.88	119.65
Levered Free Cash Flow	1,607	-344.16	933.57	551.36	159.7
Unlevered Free Cash Flow	1,609	-342.01	936.3	554	160.61
Change in Working Capital	610.44	-830.71	212.2	-232.75	-552.88

Source: S&P Global Market Intelligence. Standard template. Financial Sources.