Shiny Brands Group 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	324.02	300.24	403.49	181.91	142.19
Depreciation & Amortization	52.01	40.96	23.91	9.96	9.36
Other Amortization	-	3.02	1.95	2.36	1.95
Loss (Gain) From Sale of Investments	-0.48	0.27	-2.71	12.63	-2.02
Stock-Based Compensation	7.08	11.45	6.95	9.06	14.78
Provision & Write-off of Bad Debts	-0.02	-0.06	0.08	-	-
Other Operating Activities	17.83	-72.86	47.44	7.39	4.36
Change in Accounts Receivable	-35.33	47.85	-113.23	-51.39	25.9
Change in Inventory	19.43	26.79	-160.75	-22.8	-12.82
Change in Accounts Payable	100.88	-57.34	36.23	65.88	30.13
Change in Unearned Revenue	-0.48	0.88	3.67	-1.71	2.84
Change in Other Net Operating Assets	19.54	-35.74	94.89	23.32	-66.69
Operating Cash Flow	504.47	265.46	341.92	236.61	149.97
Operating Cash Flow Growth	90.03%	-22.36%	44.51%	57.77%	-9.37%
Capital Expenditures	-25.98	-21.34	-75.49	-3.61	-0.21
Cash Acquisitions	-	-	14.24	-	-
Sale (Purchase) of Intangibles	-6.61	-2.03	-7.98	-2.56	-2.08
Investment in Securities	-5.87	79.59	-97.81	-294.9	54.7
Other Investing Activities	-1.03	1.36	2.2	2.14	0.15
Investing Cash Flow	-39.5	57.59	-164.83	-298.94	52.55
Short-Term Debt Issued	35	144	15	-	-
Total Debt Issued	35	144	15	-	-
Short-Term Debt Repaid	-62.3	-59.03	-	-	-
Long-Term Debt Repaid	-38.49	-26.37	-27	-8.15	-7.33
Total Debt Repaid	-100.79	-85.4	-27	-8.15	-7.33
Net Debt Issued (Repaid)	-65.79	58.6	-12	-8.15	-7.33
Issuance of Common Stock	1.97	31.3	32.01	40.84	-
Repurchase of Common Stock	-9.62	-21.31	-	-20.3	-
Common Dividends Paid	-297.58	-347.8	-133.32	-151.84	-150.8
Other Financing Activities	25.8	-	-	-3.01	-
Financing Cash Flow	-345.22	-279.2	-113.31	-142.47	-158.13
Foreign Exchange Rate Adjustments	0.2	0.17	-0.45	0.3	-0.36
Net Cash Flow	119.96	44.01	63.32	-204.5	44.03
Free Cash Flow	478.49	244.13	266.43	233	149.76
Free Cash Flow Growth	96.00%	-8.37%	14.35%	55.58%	-9.23%
Free Cash Flow Margin	14.56%	6.81%	8.96%	13.64%	11.05%
Free Cash Flow Per Share	14.61	7.50	8.24	7.33	4.76
Cash Interest Paid	10.75	10.42	4.32	-	-
Cash Income Tax Paid	60.32	135.09	53.97	40.23	33.54
Levered Free Cash Flow	443.28	166.85	126.73	173.56	124.31
Unlevered Free Cash Flow	452.21	173.73	130.2	173.92	124.6
Change in Working Capital	104.03	-17.56	-139.19	13.3	-20.65

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