QBit Semiconductor 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	14.81	-42.57
Depreciation & Amortization	88.02	61.76
Asset Writedown & Restructuring Costs	2.41	0.32
Stock-Based Compensation	0.86	0.73
Provision & Write-off of Bad Debts	7.02	1.7
Other Operating Activities	1	-7.35
Change in Accounts Receivable	-113.69	-63.76
Change in Inventory	7.02	-16.22
Change in Accounts Payable	6.34	21.78
Change in Other Net Operating Assets	-17.01	-20.11
Operating Cash Flow	-3.23	-63.72
Operating Cash Flow Growth	-	-
Capital Expenditures	-2.3	-0.02
Sale (Purchase) of Intangibles	-130.57	-359.62
Investment in Securities	-16	-85.5
Investing Cash Flow	-148.87	-445.14
Short-Term Debt Issued	288.97	150
Long-Term Debt Issued	-	35
Total Debt Issued	288.97	185
Short-Term Debt Repaid	-150	-
Long-Term Debt Repaid	-7.74	-14.83
Total Debt Repaid	-157.74	-14.83
Net Debt Issued (Repaid)	131.22	170.17
Issuance of Common Stock	290	100
Other Financing Activities	-342.81	243.54
Financing Cash Flow	78.41	513.71
Foreign Exchange Rate Adjustments	-3.88	4.96
Net Cash Flow	-77.56	9.81
Free Cash Flow	-5.53	-63.74
Free Cash Flow Growth	-	-
Free Cash Flow Margin	-1.85%	-33.98%
Free Cash Flow Per Share	-0.13	-1.68
Levered Free Cash Flow	-366.24	-
Unlevered Free Cash Flow	-362.8	-
Cash Interest Paid	5.38	1.93
Cash Income Tax Paid	3.03	2.36
Change in Working Capital	-117.34	-78.3