Aero Win 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	37.45	102.09	60.63	18.92	-102.95
Depreciation & Amortization	84.43	67.66	56.02	54.71	63.84
Other Amortization	4.11	4.39	4.65	4.51	4.68
Loss (Gain) From Sale of Assets	-	-3	-	-	-0.01
Provision & Write-off of Bad Debts	0.93	0.04	-0.02	0.1	-
Other Operating Activities	17.82	27.89	17.46	0.13	2.02
Change in Accounts Receivable	-48.19	13.16	-83.58	-0.18	-25.68
Change in Inventory	-34.5	-204.12	-192.22	-10.57	63.37
Change in Accounts Payable	-45.57	43.19	40.48	23.13	3.44
Change in Other Net Operating Assets	-1.81	29.39	-1.89	4.51	6.7
Operating Cash Flow	14.67	80.67	-98.48	95.26	15.42
Operating Cash Flow Growth	-81.81%	-	-	517.83%	-29.48%
Capital Expenditures	-92.96	-556	-75.97	-39.24	-7.39
Sale of Property, Plant & Equipment	-	3	-	-	0.01
Sale (Purchase) of Intangibles	-2.23	-2.31	-1.89	-1.17	-
Other Investing Activities	-1.9	0.87	0.29	-0.21	1.88
Investing Cash Flow	-97.1	-554.43	-77.57	-40.63	-5.49
Short-Term Debt Issued	820	750.84	308.44	310	250
Long-Term Debt Issued	525.73	763.86	274.7	230	162
Total Debt Issued	1,346	1,515	583.14	540	412
Short-Term Debt Repaid	-690	-759.28	-260	-330	-230
Long-Term Debt Repaid	-569.1	-287.1	-280.41	-212.41	-228.72
Total Debt Repaid	-1,259	-1,046	-540.41	-542.41	-458.72
Net Debt Issued (Repaid)	86.63	468.32	42.73	-2.41	-46.72
Common Dividends Paid	-48	-20.57	-	-	-
Other Financing Activities	-0.03	-0.03	-	-	0.03
Financing Cash Flow	38.6	447.72	42.73	-2.41	-46.69
Net Cash Flow	-43.82	-26.05	-133.32	52.22	-36.77
Free Cash Flow	-78.29	-475.32	-174.45	56.02	8.03
Free Cash Flow Growth	-	-	-	597.41%	-
Free Cash Flow Margin	-8.15%	-57.68%	-25.51%	12.46%	2.28%
Free Cash Flow Per Share	-1.14	-6.91	-2.54	0.82	0.12
Cash Interest Paid	21.24	10.53	8.27	5.8	4.96
Cash Income Tax Paid	3.45	10.13	1.02	-0.01	0.67
Levered Free Cash Flow	-79.09	-537.95	-208.85	21.89	43.64
Unlevered Free Cash Flow	-65.79	-531.23	-203.65	25.58	46.7
Change in Working Capital	-130.06	-118.39	-237.21	16.89	47.83

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