Santi Renewable Energy Cash Flow Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-11.38	45.47	36.6	-91.04	-64.21
Depreciation & Amortization	506.88	454.47	221.1	50.72	29.19
Other Amortization	3.8	3.8	2.16	-	-
Loss (Gain) on Sale of Assets	1.5	1.34	0.43	0.01	-
Loss (Gain) on Equity Investments	0.33	0.3	0.06	-	-
Asset Writedown	0.81	3.66	24.05	-	-
Stock-Based Compensation	-	-	7.99	-	-
Change in Accounts Receivable	30.25	-874.63	-359.26	-16.13	-0.05
Change in Inventory	1.9	1.6	5.45	-5.7	-
Change in Accounts Payable	-25.66	23.31	5.16	0.82	-
Change in Other Net Operating Assets	-301.05	-74.09	-155.61	-151.12	-15.05
Other Operating Activities	31.82	-18.43	10	-18.42	7.79
Operating Cash Flow	239.2	-433.2	-201.88	-230.86	-42.32
Capital Expenditures	-1,519	-1,790	-3,424	-4,014	-403.66
Sale of Property, Plant & Equipment	-4.58	0.27	3.29	1.8	-
Cash Acquisitions	-	-	-	-	-0.56
Sale (Purchase) of Intangibles	-0.31	-4.89	-16.62	-	-142.91
Investment in Securities	-	-3	-4.09	-	-
Other Investing Activities	-59.29	-88.12	-133.32	-62.6	-4.29
Investing Cash Flow	-1,583	-1,885	-5,697	-4,808	-560.12
Short-Term Debt Issued	-	230.78	79.74	121.96	-
Long-Term Debt Issued	-	1,788	4,972	2,561	344.33
Total Debt Issued	1,688	2,019	5,052	2,683	344.33
Short-Term Debt Repaid	-	-	-122.07	-	-
Long-Term Debt Repaid	-	-84.14	-151.19	-43.83	-25.43
Total Debt Repaid	-391.01	-84.14	-273.26	-43.83	-25.43
Net Debt Issued (Repaid)	1,297	1,935	4,778	2,639	318.91
Issuance of Common Stock	-	-	28	2,458	629.25
Other Financing Activities	260	1	751.44	-0.05	85.77
Financing Cash Flow	1,557	1,936	5,558	5,097	1,034
Net Cash Flow	213.73	-382.65	-341.52	58.99	431.49
Free Cash Flow	-1,280	-2,223	-3,626	-4,244	-445.98
Free Cash Flow Margin	-120.32%	-226.96%	-667.63%	-8192.22%	-9580.69%
Free Cash Flow Per Share	-3.95	-6.87	-11.21	-19.14	-11.19
Cash Interest Paid	180.6	137.9	62.14	11.75	10.4
Cash Income Tax Paid	30.33	80.57	5.29	0.17	-
Levered Free Cash Flow	-877.15	-1,586	-3,457	-4,212	-
Unlevered Free Cash Flow	-749.2	-1,472	-3,412	-4,204	-
Change in Working Capital	-294.57	-923.81	-504.26	-172.13	-15.1

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