Song Ho 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	74.35	84.69	46.12	100.3	235.52
Depreciation & Amortization	67.94	66.96	67.26	68.24	72.82
Loss (Gain) From Sale of Assets	-0.01	0.12	0.01	0	-
Provision & Write-off of Bad Debts	0.09	1.71	0.53	-2.39	2.12
Other Operating Activities	-5.35	12.19	11.73	-14.52	16.81
Change in Accounts Receivable	-14.32	2.1	40.04	163.71	-89.33
Change in Inventory	-4.57	35.51	154.92	-135.03	-219.5
Change in Accounts Payable	-0.16	3.32	-2.67	-5.54	5.51
Change in Other Net Operating Assets	-12.09	32.96	14.42	-15.95	52.1
Operating Cash Flow	105.88	239.55	332.36	158.83	76.05
Operating Cash Flow Growth	-55.80%	-27.93%	109.26%	108.85%	-70.22%
Capital Expenditures	-59.55	-44.91	-52.63	-33.07	-51.58
Sale of Property, Plant & Equipment	0.25	0.13	0.25	0.04	-
Sale (Purchase) of Intangibles	-0.15	-0.35	-0.46	-	-0.14
Investment in Securities	-42.49	-12.63	0.73	-11.42	14.27
Other Investing Activities	-2.17	-1.37	0.97	2.45	0.13
Investing Cash Flow	-104.11	-59.13	-51.14	-42.01	-37.32
Short-Term Debt Issued	1,062	1,154	1,441	2,170	2,279
Long-Term Debt Issued	250	200	250	430	301.85
Total Debt Issued	1,312	1,354	1,691	2,600	2,581
Short-Term Debt Repaid	-1,053	-1,247	-1,493	-2,223	-2,199
Long-Term Debt Repaid	-239.4	-285.35	-337.56	-300.68	-290.38
Total Debt Repaid	-1,292	-1,533	-1,830	-2,524	-2,490
Net Debt Issued (Repaid)	19.21	-179.02	-139.49	76.32	91.73
Common Dividends Paid	-59.55	-34.74	-69.47	-163.75	-99.24
Financing Cash Flow	-40.34	-213.75	-208.96	-87.43	-7.52
Foreign Exchange Rate Adjustments	-12.65	4.2	-6.31	14.64	0.82
Net Cash Flow	-51.22	-29.13	65.95	44.04	32.04
Free Cash Flow	46.32	194.64	279.73	125.76	24.47
Free Cash Flow Growth	-76.20%	-30.42%	122.43%	413.92%	-89.06%
Free Cash Flow Margin	2.26%	9.57%	13.89%	4.98%	0.83%
Free Cash Flow Per Share	0.94	3.92	5.63	2.53	0.49
Cash Interest Paid	14.4	16.05	17.23	14.17	10.41
Cash Income Tax Paid	25.94	9.47	1.74	70	43.7
Levered Free Cash Flow	-4.56	163.18	258.68	106.34	-24.74
Unlevered Free Cash Flow	4.58	173.32	269.6	115.6	-18.05
Change in Working Capital	-31.14	73.89	206.71	7.19	-251.22

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