Waste Recovery Technology 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	261.5	202.4	162.86	186.48	163.95
Depreciation & Amortization	81.55	78.9	70.43	66.8	56.3
Loss (Gain) From Sale of Assets	7.56	-0.74	0.34	0.35	0.26
Loss (Gain) From Sale of Investments	-0.47	-	-	-	-
Loss (Gain) on Equity Investments	10.04	6.11	0.53	-	-
Stock-Based Compensation	-	-	3.54	1	4.21
Provision & Write-off of Bad Debts	-	-	-3.3	-3.18	-
Other Operating Activities	47.69	20.06	2.63	23.13	25.93
Change in Accounts Receivable	-64.61	-115.99	-91.46	57.4	-64.28
Change in Inventory	-28.46	-39.09	-43.23	-12.53	-23.29
Change in Accounts Payable	-86.24	103.57	49.96	-25.94	26.37
Change in Unearned Revenue	27.82	15.77	18.93	-12.13	23.07
Change in Other Net Operating Assets	-77.41	22.03	-46.29	12.03	-5.22
Operating Cash Flow	178.97	293.01	124.93	293.4	207.3
Operating Cash Flow Growth	-38.92%	134.53%	-57.42%	41.54%	35.45%
Capital Expenditures	-98.24	-144.99	-65.84	-35.03	-95.42
Sale of Property, Plant & Equipment	0.08	0.95	0.02	-	-
Sale (Purchase) of Intangibles	-0.2	-	-0.19	-2.1	-
Sale (Purchase) of Real Estate	-	-36.1	-	-	-
Investment in Securities	109.88	-31.9	-493.4	56.61	-71.27
Other Investing Activities	3.03	-11.9	1.45	-3.66	9.97
Investing Cash Flow	14.55	-223.94	-557.96	15.82	-156.72
Long-Term Debt Repaid	-3.89	-3.44	-1.2	-1.2	-1.2
Net Debt Issued (Repaid)	-3.89	-3.44	-1.2	-1.2	-1.2
Issuance of Common Stock	-	-	433.83	142	10
Common Dividends Paid	-161.84	-154.7	-142.81	-122.41	-47.88
Other Financing Activities	0.12	-	-6.44	-	-0.36
Financing Cash Flow	-165.61	-158.14	283.37	18.39	-39.44
Foreign Exchange Rate Adjustments	1.17	10.7	-5.63	3.98	-0.34
Net Cash Flow	29.08	-78.36	-155.28	331.6	10.8
Free Cash Flow	80.73	148.03	59.09	258.38	111.88
Free Cash Flow Growth	-45.46%	150.50%	-77.13%	130.94%	116.74%
Free Cash Flow Margin	5.85%	15.10%	7.62%	32.01%	15.61%
Free Cash Flow Per Share	3.37	6.18	2.83	12.81	5.73
Cash Income Tax Paid	62.39	57.44	56.01	36.74	37.49
Levered Free Cash Flow	-3.68	83.31	23.8	200.53	78.18
Unlevered Free Cash Flow	-3.63	83.38	23.83	200.57	78.23
Change in Working Capital	-228.9	-13.7	-112.09	18.82	-43.35

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