Wholetech System Hitech 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	547.75	495.12	399.03	385.71	281.19
Depreciation & Amortization	66.01	56.16	48.87	45.55	39.9
Loss (Gain) From Sale of Assets	-0.16	0.01	0.01	-0.07	-0.16
Stock-Based Compensation	-	-	-	-	26.78
Provision & Write-off of Bad Debts	-	-	-2.83	-15.79	-32.51
Other Operating Activities	-4.45	40.6	35.9	69.98	0.27
Change in Accounts Receivable	-349.69	402.42	123.19	8.78	-604.36
Change in Inventory	137.52	317.8	-70.01	-510.26	-167.39
Change in Accounts Payable	527.94	-348.58	65.41	53.67	585.44
Change in Unearned Revenue	-987.65	767.67	-296.72	1,727	6.45
Change in Other Net Operating Assets	-179.47	334.77	-65.54	-33.8	-19.9
Operating Cash Flow	-242.19	2,066	237.3	1,730	115.72
Operating Cash Flow Growth	-	770.60%	-86.29%	1395.33%	-79.28%
Capital Expenditures	-423.63	-273.31	-113.39	-224.38	-34.64
Sale of Property, Plant & Equipment	0.58	-	-	0.1	0.58
Other Investing Activities	176.72	12.13	-150.15	4.13	-35.01
Investing Cash Flow	-246.33	-261.18	-263.54	-220.15	-69.07
Short-Term Debt Issued	847.86	2,346	2,682	2,323	275.68
Total Debt Issued	847.86	2,346	2,682	2,323	275.68
Short-Term Debt Repaid	-806.37	-2,669	-2,578	-2,130	-232.13
Long-Term Debt Repaid	-0.06	-0.79	-2.2	-2.98	-2.06
Total Debt Repaid	-806.43	-2,669	-2,580	-2,133	-234.19
Net Debt Issued (Repaid)	41.44	-322.89	102.18	190.01	41.48
Issuance of Common Stock	-	-	-	-	39.63
Common Dividends Paid	-365.24	-328.71	-306.8	-219.14	-193.15
Other Financing Activities	-6.69	-24.6	-7.06	-2.12	-0.64
Financing Cash Flow	-330.49	-676.2	-211.69	-31.25	-112.67
Foreign Exchange Rate Adjustments	13.54	15.7	-30.16	-3.73	-22.1
Net Cash Flow	-805.48	1,144	-268.09	1,475	-88.13
Free Cash Flow	-665.83	1,793	123.92	1,506	81.08
Free Cash Flow Growth	-	1346.68%	-91.77%	1757.39%	-83.05%
Free Cash Flow Margin	-12.69%	32.67%	2.79%	31.52%	2.36%
Free Cash Flow Per Share	-9.04	24.34	1.68	20.31	1.12
Cash Interest Paid	6.69	24.6	7.06	2.12	0.64
Cash Income Tax Paid	202.67	168.84	127.76	80.41	102.81
Levered Free Cash Flow	-630.17	1,603	-184.38	1,402	-33.5
Unlevered Free Cash Flow	-626	1,618	-179.56	1,404	-33.04
Change in Working Capital	-851.35	1,474	-243.68	1,245	-199.76

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