Axcen Photonics Cash Flow Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	72.1	65.83	55.4	42.22	53.78	36.7
Depreciation & Amortization	9.55	9.44	9.73	9.27	7.84	7.9
Other Amortization	0.39	0.39	1.03	1.02	1	0.26
Loss (Gain) From Sale of Investments	-	-	-	-	0.58	0.16
Provision & Write-off of Bad Debts	-0.14	0.67	-1.66	1.39	0.25	1.29
Other Operating Activities	3.32	1.76	3.82	-4.91	1.88	1.73
Change in Accounts Receivable	-4.37	-6.3	-4.5	0.34	2.49	-8.69
Change in Inventory	-18.49	-12.98	1.68	9.48	-7.12	-12.03
Change in Accounts Payable	10.05	13.51	-2.08	-2.42	-2.83	5.77
Change in Other Net Operating Assets	5.91	5.84	6.2	-5.32	4.93	5.97
Operating Cash Flow	78.32	78.15	69.63	51.06	78.68	34.06
Operating Cash Flow Growth	3.19%	12.24%	36.38%	-35.10%	130.98%	-40.85%
Capital Expenditures	-1.59	-1.54	-0.56	-1.41	-15.7	-0.6
Sale (Purchase) of Intangibles	-0.21	-0.21	-	-0.48	-0.64	-
Investment in Securities	-	-	52.98	56.72	-49.85	110.5
Other Investing Activities	0.22	0.22	-	0	0.3	-0.01
Investing Cash Flow	-1.57	-1.53	52.43	54.84	-65.89	109.89
Long-Term Debt Repaid	-	-5.74	-5.7	-5.76	-5.81	-5.84
Net Debt Issued (Repaid)	-5.72	-5.74	-5.7	-5.76	-5.81	-5.84
Common Dividends Paid	-52.31	-52.31	-40.5	-50.63	-37.13	-33.75
Financing Cash Flow	-58.04	-58.05	-46.2	-56.38	-42.93	-39.59
Net Cash Flow	18.71	18.58	75.86	49.51	-30.14	104.37
Free Cash Flow	76.74	76.61	69.08	49.65	62.97	33.46
Free Cash Flow Growth	1.68%	10.91%	39.13%	-21.16%	88.18%	-40.24%
Free Cash Flow Margin	22.50%	23.37%	24.59%	19.71%	22.96%	12.34%
Free Cash Flow Per Share	2.27	2.26	2.04	1.46	1.84	0.98
Cash Interest Paid	0.12	0.12	0.17	0.1	0.12	0.11
Cash Income Tax Paid	14.69	14.69	10.03	15.47	11.52	7.47
Levered Free Cash Flow	57.86	59.56	50.95	37.6	30.17	31.17
Unlevered Free Cash Flow	57.93	59.64	51.05	37.66	30.25	31.23
Change in Working Capital	-6.9	0.06	1.31	2.07	13.35	-13.98

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