Niching Industrial Cash Flow Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	109.74	107.45	93.55	195.98	134.43	106.43
Depreciation & Amortization	18.41	17.75	16.42	15.24	13.56	10.7
Other Amortization	2.57	2	1.79	1.76	1.55	1.8
Loss (Gain) From Sale of Assets	-0.33	0.45	0.01	0.16	0.02	0.01
Loss (Gain) From Sale of Investments	-	-	-	-	-	-0.5
Loss (Gain) on Equity Investments	-45.72	-31.67	-18.91	-59.97	-15.15	-20.16
Stock-Based Compensation	-	-	5.5	-	-	-
Provision & Write-off of Bad Debts	-0.01	3.16	0.25	0.6	-5.7	-1.98
Other Operating Activities	-25.32	-10.13	-3.21	1.7	5.66	-9.06
Change in Accounts Receivable	119.59	-91.6	82.44	-27.53	95.91	-286.82
Change in Inventory	0.62	5.61	-6.46	6.82	-20.77	173.57
Change in Accounts Payable	2.42	76.23	8.59	-36.21	24.86	81.4
Change in Other Net Operating Assets	-41.44	9.23	-21.28	14.39	4.47	-4.28
Operating Cash Flow	140.53	88.48	158.66	112.94	238.82	51.1
Operating Cash Flow Growth	98.56%	-44.24%	40.49%	-52.71%	367.40%	-
Capital Expenditures	-15.21	-76.3	-9.43	-11.5	-6.51	-13.54
Sale of Property, Plant & Equipment	0.53	1.72	-	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-0.5	-0.11	-
Investment in Securities	147.08	-48.33	-27.19	2.61	42.01	-43.75
Other Investing Activities	7.15	72.77	22.2	10.88	6.26	17.13
Investing Cash Flow	139.54	-50.15	-14.41	1.49	41.64	-40.16
Short-Term Debt Issued	-	30	-	170	940.69	283.87
Total Debt Issued	20	30	-	170	940.69	283.87
Short-Term Debt Repaid	-	-30	-150	-146.67	-1,038	-233
Long-Term Debt Repaid	-	-4.57	-3.86	-3.02	-2.58	-2.33
Total Debt Repaid	-35.39	-34.57	-153.86	-149.69	-1,040	-235.33
Net Debt Issued (Repaid)	-15.39	-4.57	-153.86	20.31	-99.77	48.53
Issuance of Common Stock	-	-	249	-	-	-
Common Dividends Paid	-89.99	-101.46	-167.64	-89.96	-70.41	-70.41
Other Financing Activities	-0.01	-	-0	-0.46	-0.01	0.46
Financing Cash Flow	-105.39	-106.03	-72.51	-70.11	-170.19	-21.41
Foreign Exchange Rate Adjustments	-2.06	2.06	-0.38	3.35	-0.6	-0.94
Net Cash Flow	172.63	-65.64	71.37	47.67	109.68	-11.42
Free Cash Flow	125.32	12.17	149.24	101.44	232.32	37.56
Free Cash Flow Growth	-	-91.84%	47.13%	-56.34%	518.52%	-
Free Cash Flow Margin	10.11%	1.05%	15.29%	9.57%	19.06%	3.89%
Free Cash Flow Per Share	2.77	0.27	3.38	2.53	5.80	0.94
Cash Interest Paid	0.5	0.52	1.07	2.04	2.78	2.67
Cash Income Tax Paid	23.2	35.66	22.35	35.07	21.8	25.73
Levered Free Cash Flow	151.5	-16.1	123.34	43.93	207.65	24.02
Unlevered Free Cash Flow	151.81	-15.77	124.01	45.21	209.38	25.69
Change in Working Capital	81.19	-0.53	63.28	-42.53	104.46	-36.13

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.