Niching Industrial 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	96.6	107.45	93.55	195.98	134.43
Depreciation & Amortization	18.71	17.75	16.42	15.24	13.56
Other Amortization	2.69	2	1.79	1.76	1.55
Loss (Gain) From Sale of Assets	0	0.45	0.01	0.16	0.02
Loss (Gain) From Sale of Investments	-20.9	-	-	-	-
Loss (Gain) on Equity Investments	-18.96	-31.67	-18.91	-59.97	-15.15
Stock-Based Compensation	-	-	5.5	-	-
Provision & Write-off of Bad Debts	-	3.16	0.25	0.6	-5.7
Other Operating Activities	-23.48	-10.13	-3.21	1.7	5.66
Change in Accounts Receivable	92.66	-91.6	82.44	-27.53	95.91
Change in Inventory	-4.49	5.61	-6.46	6.82	-20.77
Change in Accounts Payable	30.98	76.23	8.59	-36.21	24.86
Change in Other Net Operating Assets	-52.02	9.23	-21.28	14.39	4.47
Operating Cash Flow	121.79	88.48	158.66	112.94	238.82
Operating Cash Flow Growth	37.65%	-44.24%	40.49%	-52.71%	367.40%
Capital Expenditures	-17.49	-76.3	-9.43	-11.5	-6.51
Sale of Property, Plant & Equipment	0	1.72	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-0.5	-0.11
Investment in Securities	159.78	-48.33	-27.19	2.61	42.01
Other Investing Activities	8.53	72.77	22.2	10.88	6.26
Investing Cash Flow	150.83	-50.15	-14.41	1.49	41.64
Short-Term Debt Issued	-	30	-	170	940.69
Total Debt Issued	-	30	-	170	940.69
Short-Term Debt Repaid	-	-30	-150	-146.67	-1,038
Long-Term Debt Repaid	-5.53	-4.57	-3.86	-3.02	-2.58
Total Debt Repaid	-5.53	-34.57	-153.86	-149.69	-1,040
Net Debt Issued (Repaid)	-5.53	-4.57	-153.86	20.31	-99.77
Issuance of Common Stock	-	-	249	-	-
Common Dividends Paid	-89.99	-101.46	-167.64	-89.96	-70.41
Other Financing Activities	-	-	-0	-0.46	-0.01
Financing Cash Flow	-95.53	-106.03	-72.51	-70.11	-170.19
Foreign Exchange Rate Adjustments	-0.56	2.06	-0.38	3.35	-0.6
Net Cash Flow	176.54	-65.64	71.37	47.67	109.68
Free Cash Flow	104.3	12.17	149.24	101.44	232.32
Free Cash Flow Growth	756.77%	-91.84%	47.13%	-56.34%	518.52%
Free Cash Flow Margin	8.18%	1.05%	15.29%	9.57%	19.06%
Free Cash Flow Per Share	2.31	0.27	3.38	2.53	5.80
Cash Interest Paid	0.45	0.52	1.07	2.04	2.78
Cash Income Tax Paid	27.4	35.66	22.35	35.07	21.8
Levered Free Cash Flow	138.28	-16.1	123.34	43.93	207.65
Unlevered Free Cash Flow	138.55	-15.77	124.01	45.21	209.38
Change in Working Capital	67.13	-0.53	63.28	-42.53	104.46

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