Pixon Technologies 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	-11.21	44.33	20.98	12.76	12.08
Depreciation & Amortization	40.46	36.25	57.69	55.33	53.65
Provision & Write-off of Bad Debts	-	0.24	-	-	0.1
Other Operating Activities	15.08	2.62	4.08	2.39	0.79
Change in Accounts Receivable	52.73	-61.8	12.2	19.84	-23.54
Change in Inventory	-72.65	12.16	26.05	-36.13	-24.14
Change in Accounts Payable	5.19	10.29	2.2	-12.11	-6.33
Change in Other Net Operating Assets	-11.86	12.47	0.04	-2.2	6.01
Operating Cash Flow	17.75	56.54	123.23	39.88	18.62
Operating Cash Flow Growth	-68.61%	-54.12%	209.04%	114.10%	9.53%
Capital Expenditures	-37.95	-66.79	-95.03	-139.07	-20.29
Investment in Securities	-	-	-	-	25.92
Other Investing Activities	-17.92	34.98	-20.03	-32	-13.87
Investing Cash Flow	-55.87	-31.81	-115.06	-171.07	-8.23
Short-Term Debt Issued	26.95	-	-	-	27
Long-Term Debt Issued	-	30	79	86	-
Total Debt Issued	26.95	30	79	86	27
Short-Term Debt Repaid	-6.74	-	-	-27	-25.48
Long-Term Debt Repaid	-29.26	-17.17	-34.68	-9.48	-9.34
Total Debt Repaid	-36	-17.17	-34.68	-36.48	-34.82
Net Debt Issued (Repaid)	-9.05	12.83	44.32	49.53	-7.82
Issuance of Common Stock	-	-	-	70.83	69.78
Common Dividends Paid	-26.95	-12.25	-8.58	-8.58	-38.18
Other Financing Activities	-3.56	-2.92	-2.12	-0.93	-0.42
Financing Cash Flow	-39.56	-2.34	33.62	110.85	23.36
Net Cash Flow	-77.68	22.39	41.79	-20.34	33.75
Free Cash Flow	-20.2	-10.25	28.2	-99.19	-1.66
Free Cash Flow Margin	-5.48%	-2.29%	7.59%	-29.99%	-0.39%
Free Cash Flow Per Share	-0.82	-0.41	1.15	-4.14	-0.09
Cash Interest Paid	3.56	2.92	2.12	0.93	0.89
Cash Income Tax Paid	6.14	9.06	3.83	3.26	0.44
Levered Free Cash Flow	-22.52	-34.79	23.12	-108.04	20.96
Unlevered Free Cash Flow	-20.25	-32.92	24.53	-107.46	21.52
Change in Working Capital	-26.59	-26.9	40.48	-30.61	-48

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