Zenithtek 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Net Income	113.94	43.17
Depreciation & Amortization	26.96	20.44
Other Amortization	3.26	4.21
Loss (Gain) From Sale of Assets	0.08	-
Stock-Based Compensation	0.63	-
Provision & Write-off of Bad Debts	-0.51	0.45
Other Operating Activities	16.88	-3.14
Change in Accounts Receivable	-112	-1.68
Change in Inventory	-24.4	-15.67
Change in Accounts Payable	70.82	25.78
Change in Unearned Revenue	-0.48	0.49
Change in Other Net Operating Assets	0.72	6.64
Operating Cash Flow	95.91	80.69
Operating Cash Flow Growth	18.86%	-
Capital Expenditures	-52.57	-4.41
Sale (Purchase) of Intangibles	-2	-0.81
Other Investing Activities	-1.25	-0.01
Investing Cash Flow	-55.82	-5.23
Short-Term Debt Issued	88.69	102.66
Long-Term Debt Issued	12.57	49.27
Total Debt Issued	101.26	151.93
Short-Term Debt Repaid	-72.95	-140.12
Long-Term Debt Repaid	-26.41	-16.93
Total Debt Repaid	-99.36	-157.04
Net Debt Issued (Repaid)	1.9	-5.11
Issuance of Common Stock	192.25	31.5
Other Financing Activities	-0.32	0.33
Financing Cash Flow	193.82	26.72
Foreign Exchange Rate Adjustments	13.32	-1.13
Net Cash Flow	247.23	101.05
Free Cash Flow	43.34	76.28
Free Cash Flow Growth	-43.19%	-
Free Cash Flow Margin	4.23%	11.63%
Free Cash Flow Per Share	2.31	4.34
Cash Interest Paid	3.47	3.88
Cash Income Tax Paid	7.18	13.98
Levered Free Cash Flow	16.48	-
Unlevered Free Cash Flow	18.65	-
Change in Working Capital	-65.33	15.56