TSG Development Co., Ltd. (TPEX:3521)

TSG Development 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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	338.34	-9.17	-81.99	-192.01	-85.77	-79.32
Depreciation & Amortization	10.89	11.42	10.24	26.5	19.36	17.82
Other Amortization	0.28	0.52	1.4	1.73	1.61	1.16
Loss (Gain) From Sale of Assets	-385.69	-41.1	-90.6	6.99	-0.23	-0.11
Asset Writedown & Restructuring Costs	-	-	-	27.1	3.5	-
Loss (Gain) From Sale of Investments	-4.62	-5.8	-	0	0.21	-0.09
Provision & Write-off of Bad Debts	3.62	3.51	-3.98	4.1	-0.13	-3.59
Other Operating Activities	24.31	23.36	-15.67	24.87	10.95	16.27
Change in Accounts Receivable	2.7	-4.07	10.83	-0.84	2.82	51.99
Change in Inventory	177.25	128.49	108.15	116.33	49.95	-156.47
Change in Accounts Payable	-5.02	-3.46	-14.56	7.74	-12.86	-31.45
Change in Unearned Revenue	-124.87	-96.01	85.95	6.58	-0.96	-0.23
Change in Other Net Operating Assets	53.84	63.18	-77.82	-21.42	11.18	-15.27
Operating Cash Flow	91.03	70.87	-68.05	7.68	-0.37	-199.29
Operating Cash Flow Growth	-	-	-	-	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-0.64	-0.93	-4.39	-10.03	-7.87	-0.87
Sale of Property, Plant & Equipment	463.14	0.35	33.46	0.03	0.59	-
Cash Acquisitions	-	-	-	-	-	-20.74
Divestitures	1.45	1.45	-	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-0.17	-2.37	-2.29
Sale (Purchase) of Real Estate	62.76	57.19	-13.71	-0.22	-	25.2
Investment in Securities	-271.3	-271.49	-	-	-	-
Other Investing Activities	2.37	2.29	-1.78	2.88	-3.65	0.13
Investing Cash Flow	257.78	-211.15	13.58	-7.51	-13.3	1.43

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	-	-	-	-	231.75
Long-Term Debt Issued	-	-	30	100	270	4.91
Total Debt Issued	-	-	30	100	270	236.66
Short-Term Debt Repaid	-	-	-99	-172.9	-231.13	-
Long-Term Debt Repaid	-	-15.29	-150.6	-70.77	-16.48	-10.32
Total Debt Repaid	-286.4	-15.29	-249.6	-243.67	-247.6	-10.32
Net Debt Issued (Repaid)	-286.4	-15.29	-219.6	-143.67	22.4	226.34
Issuance of Common Stock	175	175	710	333.38	-	-
Other Financing Activities	-	-0.01	9.47	-0.16	-0.13	-0.11
Financing Cash Flow	-111.4	159.7	499.86	189.54	22.27	226.23

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-0.09	-0.04	-0.14	-0.02	0.09	-0.03
Net Cash Flow	237.33	19.39	445.25	189.69	8.69	28.34

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	90.39	69.94	-72.44	-2.36	-8.25	-200.15
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Margin	37.76%	28.34%	-46.47%	-0.85%	-3.23%	-55.00%
Free Cash Flow Per Share	0.66	0.54	-0.93	-0.03	-0.16	-4.25
Levered Free Cash Flow	119.41	-20.81	-4.87	88.89	27.41	-185.31
Unlevered Free Cash Flow	123.59	-16.16	1.24	97.87	35.48	-178.74

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	6.77	7.5	9.92	13.59	10.3	7.96
Cash Income Tax Paid	7.27	2.05	17.66	4.45	1.89	-0
Change in Working Capital	103.9	88.14	112.55	108.39	50.13	-151.43

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 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:

Jul 26, 2026

Data Sources Report a data error