WinWay Technology 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	1,673	1,186	464.04	1,100	486.63
Depreciation & Amortization	245.39	223	115.21	111.38	114.08
Other Amortization	12.69	13.74	12.03	10.87	10.82
Loss (Gain) From Sale of Assets	-1.94	-0.14	0.59	-1.77	0.14
Loss (Gain) From Sale of Investments	0.16	1.49	-0.68	-	-0.83
Stock-Based Compensation	88.4	93.47	89.05	23.9	3.91
Provision & Write-off of Bad Debts	-5.44	-17.3	5.15	17.17	0.29
Other Operating Activities	40.23	88.19	-200.08	158.73	69.27
Change in Accounts Receivable	-334.4	-895.33	727.58	-753.15	-338.37
Change in Inventory	-83.88	-176.85	189.83	-419.28	66.43
Change in Accounts Payable	336.68	331	-596.4	537.87	275.48
Change in Unearned Revenue	85.93	89.12	41.19	35.12	22.76
Change in Other Net Operating Assets	-253.92	112.73	-247.97	241.62	22.89
Operating Cash Flow	1,803	1,049	599.53	1,063	733.49
Operating Cash Flow Growth	71.86%	74.97%	-43.58%	44.88%	2.14%
Capital Expenditures	-279.98	-298.73	-860.17	-769.07	-325.43
Sale of Property, Plant & Equipment	2.9	0.26	4.42	19.56	0.18
Sale (Purchase) of Intangibles	-10.93	-2.98	-11.05	-10.41	-4.63
Investment in Securities	1,011	-783.34	-229.5	119.3	-148.17
Other Investing Activities	-0.38	0.34	2.07	-0.84	-49.1
Investing Cash Flow	722.18	-1,084	-1,094	-641.46	-527.14
Long-Term Debt Issued	10	1,309	400	-	50
Long-Term Debt Repaid	-177.21	-414.84	-13.96	-50.94	-109.5
Total Debt Repaid	-177.21	-414.84	-13.96	-50.94	-109.5
Net Debt Issued (Repaid)	-167.21	893.85	386.04	-50.94	-59.5
Issuance of Common Stock	-	-	-	12.5	1,110
Common Dividends Paid	-890.05	-377.98	-754.47	-376.2	-439.91
Other Financing Activities	-0.2	0.2	-0.2	0.2	-
Financing Cash Flow	-1,057	516.07	-368.63	-414.44	610.57
Foreign Exchange Rate Adjustments	2.36	3.95	-1.29	1.66	-1.37
Net Cash Flow	1,470	484.52	-864.62	8.44	815.55
Free Cash Flow	1,523	750.24	-260.64	293.61	408.06
Free Cash Flow Growth	102.98%	-	-	-28.05%	-35.06%
Free Cash Flow Margin	19.38%	12.94%	-7.08%	5.73%	14.13%
Free Cash Flow Per Share	42.36	21.13	-7.50	8.47	11.93
Cash Interest Paid	3.96	5.55	2.92	0.96	1.34
Cash Income Tax Paid	336.84	158.8	303.93	117.25	41.71
Levered Free Cash Flow	1,166	383.28	-383.02	54.11	325.04
Unlevered Free Cash Flow	1,168	386.66	-381.06	54.72	325.88
Change in Working Capital	-249.58	-539.33	114.23	-357.82	49.19

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