Pan Asia Chemical Co. 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	360.27	381.79	347.28	402.1	342.98
Depreciation & Amortization	64.75	65.55	67.97	68.18	74.03
Other Amortization	-	-	-	0.07	0.07
Loss (Gain) From Sale of Assets	-0.84	-1.05	-1.05	-0.7	0.36
Asset Writedown & Restructuring Costs	-9.44	-	-	-	-
Loss (Gain) From Sale of Investments	-7.09	-7.53	-6.24	10.09	-14.45
Loss (Gain) on Equity Investments	-514.68	-460.56	-375.76	-297.36	-267.04
Provision & Write-off of Bad Debts	-1.77	-4.53	4.64	1.92	-0.24
Other Operating Activities	118.1	121.04	56.01	77.74	59.06
Change in Accounts Receivable	21.16	15.06	5.72	34.45	20.79
Change in Inventory	105.22	-22.76	17.49	-10.53	-101.76
Change in Accounts Payable	-53.3	-45.03	-75.71	124.53	49.58
Change in Other Net Operating Assets	4	-1.2	-3.43	-4.31	-4.75
Operating Cash Flow	86.36	40.79	36.91	406.18	158.64
Operating Cash Flow Growth	111.74%	10.49%	-90.91%	156.04%	39.95%
Capital Expenditures	-13.18	-2.07	-11.01	-7.97	-11.78
Sale of Property, Plant & Equipment	4.44	4.44	4.44	2.96	-
Sale (Purchase) of Intangibles	-	-0.53	-	-	-0.2
Investment in Securities	102.72	-188.75	286.16	-79.24	-94.29
Other Investing Activities	-0.06	11.14	-15.51	25.47	0.35
Investing Cash Flow	93.92	-175.77	264.07	-58.78	-105.92
Short-Term Debt Issued	100.03	50.29	45	475	80
Long-Term Debt Issued	-	760	-	230	50
Total Debt Issued	100.03	810.29	45	705	130
Short-Term Debt Repaid	-80	-130	-99.78	-50.82	-
Long-Term Debt Repaid	-145.15	-381.55	-258.67	-925.88	-253.71
Total Debt Repaid	-225.15	-511.55	-358.45	-976.71	-253.71
Net Debt Issued (Repaid)	-125.12	298.74	-313.45	-271.71	-123.71
Common Dividends Paid	-100.93	-94.77	-52.89	-49.2	-45.35
Financing Cash Flow	-226.05	203.97	-366.34	-320.91	-169.06
Net Cash Flow	-45.77	68.98	-65.36	26.49	-116.34
Free Cash Flow	73.17	38.71	25.9	398.21	146.86
Free Cash Flow Growth	89.01%	49.48%	-93.50%	171.15%	32.97%
Free Cash Flow Margin	5.45%	2.69%	1.96%	21.77%	8.50%
Free Cash Flow Per Share	0.18	0.10	0.06	0.98	0.36
Cash Interest Paid	49	46.25	45.4	35.21	31.82
Cash Income Tax Paid	1.59	1.43	28.2	9.81	1.59
Levered Free Cash Flow	3.59	-54.12	-64.84	269.21	56.33
Unlevered Free Cash Flow	34.5	-25.16	-36.44	291.32	76.22
Change in Working Capital	77.08	-53.93	-55.93	144.14	-36.13

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