Wave Power 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	123.2	86.81	86.77	113.76	90.38
Depreciation & Amortization	37.37	22.23	19.67	17.04	17.93
Other Amortization	3.12	4.4	4.03	3.52	3.06
Loss (Gain) on Equity Investments	-0.24	-3.26	-	-	-
Provision & Write-off of Bad Debts	0.06	0.01	-0.03	0.02	0
Other Operating Activities	60.87	3.66	-0.87	3.48	0.34
Change in Accounts Receivable	-165.88	-68.17	97.83	-64.67	-53.12
Change in Inventory	-40.47	-21.24	-20.26	-85.51	4.89
Change in Accounts Payable	47.96	35.23	-23.68	20.98	-1.35
Change in Unearned Revenue	-11.86	7.86	-1.27	5.26	-0.85
Change in Other Net Operating Assets	-0.05	-4.11	-2.05	7.43	9.44
Operating Cash Flow	54.08	63.43	160.13	21.31	70.72
Operating Cash Flow Growth	-14.74%	-60.39%	651.34%	-69.86%	-5.93%
Capital Expenditures	-157.94	-58.68	-19.67	-18.66	-26.04
Sale (Purchase) of Intangibles	-0.39	-	-3.6	-3.08	-3.99
Investment in Securities	204.38	95.81	-361.2	47.6	-
Other Investing Activities	3.36	-1.94	0.05	5.76	-67.5
Investing Cash Flow	49.41	35.19	-384.42	31.62	-97.53
Short-Term Debt Issued	40	10	5	-	10
Total Debt Issued	40	10	5	-	10
Short-Term Debt Repaid	-10	-10	-5	-	-
Long-Term Debt Repaid	-8.07	-3.02	-1.6	-0.75	-0.79
Total Debt Repaid	-18.07	-13.02	-6.6	-0.75	-0.79
Net Debt Issued (Repaid)	21.94	-3.02	-1.6	-0.75	9.21
Issuance of Common Stock	0.01	-	396.47	0.66	0.28
Common Dividends Paid	-78.43	-75.02	-106.95	-77.5	-55.8
Financing Cash Flow	-56.49	-78.04	287.92	-77.59	-46.31
Net Cash Flow	47	20.58	63.63	-24.65	-73.12
Free Cash Flow	-103.86	4.75	140.47	2.65	44.68
Free Cash Flow Growth	-	-96.62%	5196.68%	-94.06%	-25.12%
Free Cash Flow Margin	-12.21%	1.15%	34.14%	0.61%	12.34%
Free Cash Flow Per Share	-3.04	0.14	4.36	0.09	1.41
Cash Interest Paid	1.23	0.59	0.41	0.16	0.07
Cash Income Tax Paid	17.38	18.74	31.61	26.03	22.33
Levered Free Cash Flow	-101.92	-46.44	120.61	29.89	-42.5
Unlevered Free Cash Flow	-101.16	-46.07	120.86	29.99	-42.46
Change in Working Capital	-170.29	-50.43	50.56	-116.51	-40.99

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