V5 Technologies 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	479.93	148.2	-79.27	-16.78
Depreciation & Amortization	27.45	17.58	10.96	10.11
Other Amortization	1.14	0.92	0.46	0.19
Loss (Gain) From Sale of Assets	-0.13	-0.01	-	-
Stock-Based Compensation	3.61	6.41	1.02	0.32
Provision & Write-off of Bad Debts	2.05	0.08	-0.05	0.04
Other Operating Activities	48.43	-1.26	-0	-
Change in Accounts Receivable	-144.67	-90.32	1.07	-3.04
Change in Inventory	-664.51	-333.64	-44.09	-73.37
Change in Accounts Payable	32.97	233.49	-7.38	17.97
Change in Unearned Revenue	737.35	28.58	43.61	125.31
Change in Other Net Operating Assets	127.6	43.92	-4.14	-45.01
Operating Cash Flow	658.73	53.95	-77.82	15.74
Capital Expenditures	-83.92	-37.92	-13.41	-
Sale of Property, Plant & Equipment	0.28	0.08	-	-
Sale (Purchase) of Intangibles	-2.66	-2.7	-1.99	-0.2
Other Investing Activities	-3.29	-1.63	-0.45	0.01
Investing Cash Flow	-89.59	-42.18	-15.84	-0.19
Short-Term Debt Issued	-	49.97	-	-
Total Debt Issued	49.97	49.97	-	-
Short-Term Debt Repaid	-	-49.97	-	-22.13
Long-Term Debt Repaid	-	-8.65	-5.64	-4.36
Total Debt Repaid	-64.28	-58.61	-5.64	-26.48
Net Debt Issued (Repaid)	-14.32	-8.65	-5.64	-26.48
Issuance of Common Stock	20.4	98	162.5	101
Financing Cash Flow	11.49	89.35	156.86	74.52
Net Cash Flow	580.63	101.13	63.2	90.07
Free Cash Flow	574.81	16.03	-91.22	15.74
Free Cash Flow Margin	34.62%	2.22%	-43.74%	7.47%
Free Cash Flow Per Share	13.97	0.41	-2.84	0.58
Cash Interest Paid	1.38	1.38	1.23	1.72
Levered Free Cash Flow	-	-40.24	-65.24	-
Unlevered Free Cash Flow	-	-39.38	-64.47	-
Change in Working Capital	88.75	-117.96	-10.93	21.86

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