AuthenX 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	-77.48	-41.99
Depreciation & Amortization	5.11	3.13
Other Amortization	1.5	0.45
Stock-Based Compensation	12.99	0.45
Provision & Write-off of Bad Debts	4.39	3.19
Other Operating Activities	1.36	0.63
Change in Accounts Receivable	-4.36	7.03
Change in Inventory	-6.28	-4.52
Change in Accounts Payable	0.8	2.28
Change in Unearned Revenue	1.7	-0.73
Change in Other Net Operating Assets	0.32	-4.46
Operating Cash Flow	-59.95	-34.55
Operating Cash Flow Growth	-	-
Capital Expenditures	-2.28	-3.27
Sale (Purchase) of Intangibles	-13.36	-0.2
Investment in Securities	-24.5	-
Other Investing Activities	0.61	-1.37
Investing Cash Flow	-39.52	-4.84
Long-Term Debt Issued	25	-
Long-Term Debt Repaid	-3.62	-22.36
Net Debt Issued (Repaid)	21.38	-22.36
Issuance of Common Stock	347.05	204
Financing Cash Flow	368.42	181.65
Net Cash Flow	268.96	142.26
Free Cash Flow	-62.22	-37.82
Free Cash Flow Growth	-	-
Free Cash Flow Margin	-275.03%	-215.14%
Free Cash Flow Per Share	-1.74	-1.17
Levered Free Cash Flow	-50.08	-
Unlevered Free Cash Flow	-49.92	-
Cash Interest Paid	0.25	0.51
Cash Income Tax Paid	0.15	0.14
Change in Working Capital	-7.82	-0.4