Santi Renewable Energy 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	-126.01	45.47	36.6	-91.04	-64.21
Depreciation & Amortization	525.01	454.47	221.1	50.72	29.19
Other Amortization	-	3.8	2.16	-	-
Loss (Gain) on Sale of Assets	0.73	1.34	0.43	0.01	-
Loss (Gain) on Equity Investments	0.31	0.3	0.06	-	-
Asset Writedown	120.55	3.66	24.05	-	-
Stock-Based Compensation	-	-	7.99	-	-
Change in Accounts Receivable	450.23	-874.63	-359.26	-16.13	-0.05
Change in Inventory	0.22	1.6	5.45	-5.7	-
Change in Accounts Payable	-24.93	23.31	5.16	0.82	-
Change in Other Net Operating Assets	-427.46	-74.09	-155.61	-151.12	-15.05
Other Operating Activities	-51.31	-18.43	10	-18.42	7.79
Operating Cash Flow	467.34	-433.2	-201.88	-230.86	-42.32
Capital Expenditures	-1,584	-1,790	-3,424	-4,014	-403.66
Sale of Property, Plant & Equipment	0.38	0.27	3.29	1.8	-
Cash Acquisitions	-	-	-	-	-0.56
Sale (Purchase) of Intangibles	-4.79	-4.89	-16.62	-	-142.91
Investment in Securities	-	-3	-4.09	-	-
Other Investing Activities	-91.61	-88.12	-133.32	-62.6	-4.29
Investing Cash Flow	-1,680	-1,885	-5,697	-4,808	-560.12
Short-Term Debt Issued	-	230.78	79.74	121.96	-
Long-Term Debt Issued	1,566	1,788	4,972	2,561	344.33
Total Debt Issued	1,566	2,019	5,052	2,683	344.33
Short-Term Debt Repaid	-290.58	-	-122.07	-	-
Long-Term Debt Repaid	-331.69	-84.14	-151.19	-43.83	-25.43
Total Debt Repaid	-622.27	-84.14	-273.26	-43.83	-25.43
Net Debt Issued (Repaid)	943.78	1,935	4,778	2,639	318.91
Issuance of Common Stock	118	-	28	2,458	629.25
Other Financing Activities	259	1	751.44	-0.05	85.77
Financing Cash Flow	1,321	1,936	5,558	5,097	1,034
Net Cash Flow	108.45	-382.65	-341.52	58.99	431.49
Free Cash Flow	-1,116	-2,223	-3,626	-4,244	-445.98
Free Cash Flow Margin	-102.96%	-226.96%	-667.63%	-8192.22%	-9580.69%
Free Cash Flow Per Share	-3.46	-6.87	-11.21	-19.14	-11.19
Cash Interest Paid	-	137.9	62.14	11.75	10.4
Cash Income Tax Paid	-	80.57	5.29	0.17	-
Levered Free Cash Flow	-1,137	-1,586	-3,457	-4,212	-
Unlevered Free Cash Flow	-1,007	-1,472	-3,412	-4,204	-
Change in Working Capital	-1.94	-923.81	-504.26	-172.13	-15.1

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