Horng Tong Enterprise Co., Ltd. (TPEX:5271)

Horng Tong Enterprise 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	8.52	1.82	-76.02	-55.5	-56.92	-76.77
Depreciation & Amortization	49.95	48.27	59.95	56.84	49.85	58.7
Other Amortization	0.22	0.22	0.41	0.56	0.52	0.66
Loss (Gain) From Sale of Assets	1.5	2.98	10.5	0.81	0.95	0
Asset Writedown & Restructuring Costs	-	-	14.5	-	-	-
Loss (Gain) From Sale of Investments	-3.6	-3.6	-	-	-	-
Provision & Write-off of Bad Debts	4.31	7.46	0.72	-11.96	1.67	10.16
Other Operating Activities	-2.11	-2.07	-2.32	3.82	0.78	2.37
Change in Accounts Receivable	54.29	-32.61	-8.53	-25.48	48.07	64.48
Change in Inventory	-2.04	-23.42	64.01	-1.7	1.63	28.68
Change in Accounts Payable	-28.89	2.19	-32.42	1.45	-13.92	-50.69
Change in Unearned Revenue	8.46	8.4	7.08	-4.84	4.83	-0.08
Change in Other Net Operating Assets	-1.06	8.58	-23.04	-8.69	-1.65	-20.12
Operating Cash Flow	89.57	18.22	14.84	-44.69	35.81	17.39
Operating Cash Flow Growth	-	22.73%	-	-	105.91%	-80.55%

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	-46.79	-56.62	-24.52	-30	-17.31	-42.4
Sale of Property, Plant & Equipment	0.35	0.37	0.79	0.19	0.27	0.01
Sale (Purchase) of Intangibles	-1.14	-1.14	-	-0.55	-0.69	-
Other Investing Activities	6.5	34.36	-16.88	33.72	-16.4	-19.31
Investing Cash Flow	-41.08	-23.04	-40.6	3.36	-34.14	-61.7

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	-	-	2.61	62.33	45.43	11.19
Long-Term Debt Issued	-	-	-	35	-	99.4
Total Debt Issued	30.92	-	2.61	97.33	45.43	110.59
Short-Term Debt Repaid	-	-20.84	-	-	-	-
Long-Term Debt Repaid	-	-13.69	-53.1	-81.73	-47.91	-67.2
Total Debt Repaid	-11.03	-34.53	-53.1	-81.73	-47.91	-67.2
Net Debt Issued (Repaid)	19.89	-34.53	-50.49	15.6	-2.47	43.39
Issuance of Common Stock	-	-	126	80	30	-
Other Financing Activities	3.59	3.59	-	-	-	-
Financing Cash Flow	23.48	-30.94	75.51	95.6	27.53	43.39

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	-22.32	19.1	-9.14	1.88	-19.88	2.6
Net Cash Flow	49.64	-16.66	40.61	56.15	9.32	1.68

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	42.78	-38.41	-9.68	-74.69	18.51	-25.01
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Margin	6.40%	-5.29%	-1.62%	-12.99%	3.67%	-3.81%
Free Cash Flow Per Share	0.67	-0.60	-0.16	-1.79	0.64	-0.88
Levered Free Cash Flow	22.63	-29.27	-55.43	-12.21	-15.48	-35.11
Unlevered Free Cash Flow	32.33	-19.37	-42.8	-0.7	-8.96	-29.87

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	14.18	14.18	21.5	14.74	9.22	6
Cash Income Tax Paid	0.52	0.52	0.07	3.12	0.02	-0.01
Change in Working Capital	30.78	-36.85	7.11	-39.26	38.96	22.27

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

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

Update frequency:

Semi-annually

Last checked:

Aug 18, 2026

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