Sinew Pharma 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	-123.75	-150.37	-170.92	-140.18	-91.58
Depreciation & Amortization	19.25	30.21	28.95	22.78	22.59
Other Amortization	0.09	0.1	0.03	0.03	0.06
Stock-Based Compensation	17.01	20.16	18	16.71	12.1
Other Operating Activities	-1.91	-1.45	-0.86	-0.45	-0.41
Change in Accounts Receivable	-0.05	-	0.23	-0.34	0.15
Change in Accounts Payable	-4.8	-3.72	8.68	5.54	-
Change in Unearned Revenue	-	-	-	-0.33	0.85
Change in Other Net Operating Assets	-1.13	-1	-2.16	2.47	-1.06
Operating Cash Flow	-95.3	-106.08	-118.05	-93.76	-57.32
Capital Expenditures	-0.63	-0.18	-7.21	-5.23	-2.18
Sale (Purchase) of Intangibles	-1.24	-1.15	-0.24	-0.66	-3.69
Investment in Securities	90.8	-9	35.8	-213	-640
Other Investing Activities	-4.18	-6.36	-2.15	-2.26	-2.7
Investing Cash Flow	84.75	-16.69	26.2	-221.15	-648.56
Long-Term Debt Repaid	-6.22	-6.46	-6.1	-2.76	-2.29
Net Debt Issued (Repaid)	-6.22	-6.46	-6.1	-2.76	-2.29
Issuance of Common Stock	0.65	3.82	18.08	13.17	1,213
Financing Cash Flow	-5.58	-2.65	11.98	10.41	1,210
Net Cash Flow	-16.12	-125.42	-79.87	-304.49	504.35
Free Cash Flow	-95.93	-106.26	-125.26	-98.99	-59.5
Free Cash Flow Margin	-204112.77%	-	-	-30178.66%	-955.19%
Free Cash Flow Per Share	-1.35	-1.49	-1.78	-1.43	-1.00
Cash Interest Paid	0.66	0.41	0.78	0.28	0.15
Cash Income Tax Paid	0.78	0.46	-	-	-
Levered Free Cash Flow	-61.42	-63.29	-71.93	-51.5	-34.31
Unlevered Free Cash Flow	-61	-63.03	-71.44	-51.33	-34.22
Change in Working Capital	-5.98	-4.73	6.75	7.35	-0.07

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