Zenitron 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	747.52	489.18	455.97	714.57	877.71
Depreciation & Amortization	91.19	77.75	67.3	69.93	68.92
Loss (Gain) From Sale of Assets	-0.15	-15.17	0.21	0.09	0.35
Loss (Gain) From Sale of Investments	-10.44	-1.19	-2.83	-0.88	3.99
Provision & Write-off of Bad Debts	-18.32	10.07	-3.14	-2.4	-23.12
Other Operating Activities	67.61	-19.38	-95.27	-72.52	70.83
Change in Accounts Receivable	-1,315	-658.05	-848.98	1,987	-196.87
Change in Inventory	-1,147	1,843	1,703	-2,440	-2,278
Change in Accounts Payable	781.74	-378.67	1,846	-2,053	213.23
Change in Other Net Operating Assets	-68.33	127.02	-62.12	88.11	-4.67
Operating Cash Flow	-971.97	1,474	3,048	-1,705	-1,270
Operating Cash Flow Growth	-	-51.64%	-	-	-
Capital Expenditures	-22.34	-21.53	-9.33	-12.4	-8.53
Sale of Property, Plant & Equipment	0.77	-	-	0.17	0.07
Investment in Securities	57.7	100.2	97.85	242.01	-1.85
Other Investing Activities	-4.59	7.72	11.43	8.83	15.32
Investing Cash Flow	31.54	86.38	99.96	238.62	5.01
Short-Term Debt Issued	3,221	1.1	0.14	1,760	1,080
Long-Term Debt Issued	-	35	-	-	649.96
Total Debt Issued	3,221	36.1	0.14	1,760	1,730
Short-Term Debt Repaid	-799.14	-1,067	-2,325	-	-
Long-Term Debt Repaid	-87.5	-44.98	-43.02	-47.95	-41.79
Total Debt Repaid	-886.64	-1,112	-2,368	-47.95	-41.79
Net Debt Issued (Repaid)	2,334	-1,076	-2,368	1,712	1,688
Common Dividends Paid	-498.21	-420.07	-660.39	-748.39	-406.3
Other Financing Activities	-	-46.69	-	-	2.15
Financing Cash Flow	1,836	-1,542	-3,029	963.63	1,284
Foreign Exchange Rate Adjustments	-98.72	212.98	-7.03	261.88	-80.35
Net Cash Flow	796.56	230.85	111.7	-240.62	-61.03
Free Cash Flow	-994.3	1,452	3,038	-1,717	-1,278
Free Cash Flow Growth	-	-52.20%	-	-	-
Free Cash Flow Margin	-2.40%	3.99%	9.33%	-4.29%	-3.04%
Free Cash Flow Per Share	-4.17	6.10	12.76	-7.22	-5.72
Cash Interest Paid	382.22	420.17	484	280.71	114.51
Cash Income Tax Paid	98.74	102.31	206.06	292.69	113.48
Levered Free Cash Flow	-1,048	1,193	2,874	-1,770	-1,545
Unlevered Free Cash Flow	-800.79	1,457	3,169	-1,569	-1,472
Change in Working Capital	-1,849	932.54	2,625	-2,414	-2,268

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