Niching Industrial Corporation (TPEX:3444)

Niching Industrial Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	89.52	96.6	107.45	93.55	195.98	134.43
Depreciation & Amortization	18.07	18.71	17.75	16.42	15.24	13.56
Other Amortization	2.44	2.69	2	1.79	1.76	1.55
Loss (Gain) From Sale of Assets	0	0	0.45	0.01	0.16	0.02
Loss (Gain) From Sale of Investments	-	-20.9	-	-	-	-
Loss (Gain) on Equity Investments	-15.38	-18.96	-31.67	-18.91	-59.97	-15.15
Stock-Based Compensation	-	-	-	5.5	-	-
Provision & Write-off of Bad Debts	0	-	3.16	0.25	0.6	-5.7
Other Operating Activities	-20.82	-23.48	-10.13	-3.21	1.7	5.66
Change in Accounts Receivable	98.6	92.66	-91.6	82.44	-27.53	95.91
Change in Inventory	2.87	-4.49	5.61	-6.46	6.82	-20.77
Change in Accounts Payable	-50.08	30.98	76.23	8.59	-36.21	24.86
Change in Other Net Operating Assets	-16.87	-52.02	9.23	-21.28	14.39	4.47
Operating Cash Flow	108.35	121.79	88.48	158.66	112.94	238.82
Operating Cash Flow Growth	53.71%	37.65%	-44.24%	40.49%	-52.71%	367.40%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-23.49	-17.49	-76.3	-9.43	-11.5	-6.51
Sale of Property, Plant & Equipment	0	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	8.99	8.53	72.77	22.2	10.88	6.26
Investing Cash Flow	-14.5	150.83	-50.15	-14.41	1.49	41.64

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	-	30	-	170	940.69
Total Debt Issued	210	-	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
Lease Payments	-5.33	-5.53	-4.57	-3.86	-3.02	-2.58
Total Debt Repaid	-5.33	-5.53	-34.57	-153.86	-149.69	-1,040
Net Debt Issued (Repaid)	204.67	-5.53	-4.57	-153.86	20.31	-99.77
Issuance of Common Stock	-	-	-	249	-	-
Common Dividends Paid	-89.99	-89.99	-101.46	-167.64	-89.96	-70.41
Other Financing Activities	0.17	-	-	-0	-0.46	-0.01
Financing Cash Flow	114.85	-95.53	-106.03	-72.51	-70.11	-170.19

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	5.29	-0.56	2.06	-0.38	3.35	-0.6
Net Cash Flow	213.99	176.54	-65.64	71.37	47.67	109.68

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	84.86	104.3	12.17	149.24	101.44	232.32
Free Cash Flow Growth	50.28%	756.77%	-91.84%	47.13%	-56.34%	518.52%
Free Cash Flow Margin	6.50%	8.18%	1.05%	15.29%	9.57%	19.06%
Free Cash Flow Per Share	1.88	2.31	0.27	3.38	2.53	5.80
Levered Free Cash Flow	50.44	138.28	-16.1	123.34	43.93	207.65
Unlevered Free Cash Flow	50.81	138.55	-15.77	124.01	45.21	209.38
Free Cash Flow After Leases	79.54	98.77	7.61	145.38	98.42	229.74

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	0.47	0.45	0.52	1.07	2.04	2.78
Cash Income Tax Paid	14.62	27.4	35.66	22.35	35.07	21.8
Change in Working Capital	34.52	67.13	-0.53	63.28	-42.53	104.46

Data Source: S&P Global Market Intelligence Last updated: Aug 13, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 8, 2026

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