Gongwin Biopharm Holdings 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	-114.13	-82.55	-92.04	-292.13	-121.58
Depreciation & Amortization	11.72	11.59	13.33	13.39	12.96
Loss (Gain) From Sale of Assets	0.08	0	-	-	-
Loss (Gain) From Sale of Investments	-19.21	-11.11	-	-	-0.74
Stock-Based Compensation	-	9.36	-	29.29	0.57
Provision & Write-off of Bad Debts	-1.64	5.91	-	-	-
Other Operating Activities	-4.71	-17.11	-10.16	-4.83	4.36
Change in Accounts Receivable	-0.8	-9.08	-10.58	-	-
Change in Inventory	2.7	8.34	-11.72	-0.21	-
Change in Accounts Payable	-0.08	-0.08	0.29	11.72	2.83
Change in Unearned Revenue	5	-	2.6	12.31	3.25
Change in Other Net Operating Assets	-14.69	-2.69	-2.52	-1.72	2.84
Operating Cash Flow	-135.75	-87.41	-110.8	-232.2	-95.51
Capital Expenditures	-1.86	-205.89	-0.91	-7.34	-123.01
Sale (Purchase) of Intangibles	-0.59	-0.24	-0.22	-	-
Investment in Securities	603.16	-992.64	-279.84	-194.5	-123.76
Other Investing Activities	-0.02	0.31	-	-0.17	0.36
Investing Cash Flow	600.68	-1,198	-280.97	-202.01	-246.42
Short-Term Debt Issued	127.79	270.04	119.16	50.29	144.56
Total Debt Issued	127.79	270.04	119.16	50.29	144.56
Short-Term Debt Repaid	-121.79	-237.45	-181.51	-30	-60.73
Long-Term Debt Repaid	-3.06	-2.69	-5.04	-4.9	-4.73
Total Debt Repaid	-124.85	-240.14	-186.55	-34.9	-65.46
Net Debt Issued (Repaid)	2.95	29.9	-67.39	15.4	79.11
Issuance of Common Stock	-	1,989	11.95	575.42	22.66
Repurchase of Common Stock	-386.16	-146.84	-	-	-
Other Financing Activities	-5.4	9.15	43.34	13.24	0
Financing Cash Flow	-388.61	1,881	-12.1	604.05	101.77
Foreign Exchange Rate Adjustments	-0.88	24.31	5.94	47.55	-12.96
Net Cash Flow	75.43	619.88	-397.92	217.39	-253.11
Free Cash Flow	-137.62	-293.3	-111.7	-239.54	-218.52
Free Cash Flow Margin	-377.59%	-915.41%	-590.55%	-20956.69%	-19118.11%
Free Cash Flow Per Share	-1.11	-2.43	-0.99	-2.15	-2.00
Cash Interest Paid	5.01	4.3	7.19	3.07	1.08
Cash Income Tax Paid	0.12	0.08	0.04	-0.05	-0.16
Levered Free Cash Flow	46.87	-316.82	-23.45	-255.26	-239.95
Unlevered Free Cash Flow	50.09	-314.14	-18.96	-253.27	-239.21
Change in Working Capital	-7.87	-3.51	-21.92	22.1	8.92

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