Lucky Royal 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	403.43	377.68	350.56	154.11
Depreciation & Amortization	90.82	94.54	135.25	168.58
Loss (Gain) From Sale of Assets	0.16	-5.18	-1.06	0.54
Loss (Gain) From Sale of Investments	-	0.07	-	-
Stock-Based Compensation	6.28	-	-	-
Provision & Write-off of Bad Debts	-0.14	0.72	0.26	1.02
Other Operating Activities	-61.21	-102.38	-90.54	-60.42
Change in Accounts Receivable	-55.81	-84.65	82.43	-30.63
Change in Inventory	33.98	-23.91	-33.44	-43.24
Change in Accounts Payable	-1.61	23.74	-26.47	20.68
Change in Unearned Revenue	-	2.46	-2.32	-0.31
Change in Other Net Operating Assets	-121.18	-11.52	56.16	40.76
Operating Cash Flow	294.72	271.57	470.85	251.09
Operating Cash Flow Growth	8.53%	-42.32%	87.52%	-
Capital Expenditures	-371.08	-303.33	-57.76	-44.86
Sale of Property, Plant & Equipment	-	0.1	2.38	-
Divestitures	-	8.55	-29.64	-
Investment in Securities	2.19	-	-	-
Other Investing Activities	147.15	109.18	101.03	102.98
Investing Cash Flow	-221.74	-185.51	16.01	58.12
Short-Term Debt Issued	865	1,069	84.03	447.59
Total Debt Issued	865	1,069	84.03	447.59
Short-Term Debt Repaid	-965	-943.36	-151.79	-506.61
Long-Term Debt Repaid	-22.1	-31.03	-73.85	-90.69
Total Debt Repaid	-987.1	-974.39	-225.64	-597.3
Net Debt Issued (Repaid)	-122.1	94.99	-141.61	-149.72
Issuance of Common Stock	787.28	-	-	-
Common Dividends Paid	-231	-251.3	-157.28	-28.7
Other Financing Activities	-0.88	-258.2	-5.86	-8.34
Financing Cash Flow	433.29	-414.51	-304.75	-186.76
Foreign Exchange Rate Adjustments	-	1.11	-7.35	1.5
Net Cash Flow	506.27	-327.35	174.76	123.95
Free Cash Flow	-76.36	-31.77	413.09	206.23
Free Cash Flow Growth	-	-	100.30%	-
Free Cash Flow Margin	-2.96%	-1.19%	13.63%	8.25%
Free Cash Flow Per Share	-1.06	-0.45	4.32	2.15
Cash Interest Paid	6.13	4.39	8.7	12.57
Cash Income Tax Paid	10.13	54.04	56.08	3.52
Levered Free Cash Flow	-147.57	-108.78	270.2	-
Unlevered Free Cash Flow	-143.64	-106.14	274.71	-
Change in Working Capital	-144.62	-93.88	76.37	-12.75

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