GrandTech Cloud Services 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	102.79	95.47	67.57	63.01
Depreciation & Amortization	4.67	5.14	8.69	8.33
Other Amortization	0.61	0.65	0.72	0.59
Loss (Gain) From Sale of Assets	-0.01	0.02	0.49	0.01
Stock-Based Compensation	-	0.72	-	0
Provision & Write-off of Bad Debts	2.53	0.24	0.05	-1.48
Other Operating Activities	4.72	10.2	7.51	11.89
Change in Accounts Receivable	-3.36	-73.86	-41.5	-43.95
Change in Inventory	28.99	-19.75	13.78	-0.52
Change in Accounts Payable	-18.79	24.7	64.31	39.64
Change in Unearned Revenue	0.47	0.67	-4.18	16.14
Change in Other Net Operating Assets	188.29	-86.8	-94.7	-114.02
Operating Cash Flow	310.91	-42.61	22.74	-20.36
Capital Expenditures	-1.04	-0.81	-7.62	-0.6
Sale of Property, Plant & Equipment	0.01	-	0.32	-
Sale (Purchase) of Intangibles	-	-	-0.03	-3.33
Investment in Securities	-12.02	-0.36	-1.88	-
Other Investing Activities	1.01	1.82	0.58	9.91
Investing Cash Flow	-12.04	0.65	-8.63	5.98
Short-Term Debt Issued	290	555	95	40
Total Debt Issued	290	555	95	40
Short-Term Debt Repaid	-390	-455	-135	-
Long-Term Debt Repaid	-2.41	-2.72	-6.49	-6.5
Total Debt Repaid	-392.41	-457.72	-141.49	-6.5
Net Debt Issued (Repaid)	-102.41	97.28	-46.49	33.5
Issuance of Common Stock	468.34	21.51	-	96
Common Dividends Paid	-94.5	-30.58	-23.69	-1.68
Other Financing Activities	-6.77	0.22	-5.27	-11.72
Financing Cash Flow	264.67	88.42	-75.44	116.1
Foreign Exchange Rate Adjustments	-2.55	3.1	-0.14	2.05
Net Cash Flow	560.99	49.57	-61.47	103.77
Free Cash Flow	309.88	-43.42	15.12	-20.96
Free Cash Flow Margin	19.76%	-3.04%	1.44%	-2.39%
Free Cash Flow Per Share	12.16	-1.85	0.65	-0.93
Cash Interest Paid	1.07	1.49	0.46	0.8
Cash Income Tax Paid	21.61	21.81	19.46	14.52
Levered Free Cash Flow	162.96	-14.45	19.3	-
Unlevered Free Cash Flow	163.58	-13.48	19.58	-
Change in Working Capital	195.6	-155.05	-62.28	-102.71

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