CastleNet Technology 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-462.96	-355.06	6.73	16.31	-150.57
Depreciation & Amortization	97.1	14.88	16.38	17.09	15.65
Loss (Gain) From Sale of Assets	-	-	0.01	-	-20.9
Asset Writedown & Restructuring Costs	-	-	12.9	-	-
Loss (Gain) From Sale of Investments	6.24	-34.14	-108.39	-39.09	-1.21
Stock-Based Compensation	3.81	1.23	2.19	5.68	7.71
Provision & Write-off of Bad Debts	45.4	0.04	-0.18	-0.09	0.27
Other Operating Activities	34.96	-5.7	-20.88	-0.16	5.78
Change in Accounts Receivable	1,487	-97.99	169.81	439.55	-361.68
Change in Inventory	1,359	-90.22	-153.49	-295.62	-225.25
Change in Accounts Payable	376.65	85.05	-404.23	-174.32	241.69
Change in Unearned Revenue	-1.28	2.17	-7.1	-8.91	10.32
Change in Other Net Operating Assets	-1,165	-265.04	228.23	-6.54	-7.56
Operating Cash Flow	1,780	-744.78	-258.02	-46.11	-485.77
Capital Expenditures	-14	-5.92	-15.51	-9.12	-17.34
Sale of Property, Plant & Equipment	-	-	0.04	-	-
Cash Acquisitions	350.08	-	-	-	-
Sale (Purchase) of Intangibles	-3.34	-	-0.37	-2.93	-
Other Investing Activities	-2.89	200.36	47.53	-23.6	314.07
Investing Cash Flow	329.86	194.43	31.69	-35.64	296.73
Short-Term Debt Issued	4,647	2,809	1,082	450	66
Long-Term Debt Issued	210.31	-	-	-	-
Total Debt Issued	4,857	2,809	1,082	450	66
Short-Term Debt Repaid	-5,243	-2,287	-806.74	-261	-
Long-Term Debt Repaid	-208.9	-7.59	-5.11	-3.11	-3.05
Total Debt Repaid	-5,452	-2,294	-811.85	-264.11	-3.05
Net Debt Issued (Repaid)	-594.25	514.37	269.89	185.9	62.95
Issuance of Common Stock	6.98	20.55	37.26	-	-
Common Dividends Paid	-	-	-0.03	-	-
Other Financing Activities	-0.01	-0.03	-	0.13	0.33
Financing Cash Flow	-587.28	534.89	307.12	186.03	63.29
Foreign Exchange Rate Adjustments	-42.4	2.19	-0.54	1.23	-0.06
Net Cash Flow	1,480	-13.27	80.25	105.5	-125.81
Free Cash Flow	1,766	-750.7	-273.53	-55.22	-503.11
Free Cash Flow Margin	23.09%	-182.53%	-49.16%	-4.82%	-29.73%
Free Cash Flow Per Share	9.12	-3.90	-1.42	-0.29	-2.67
Cash Interest Paid	64.25	16.65	8.83	2.25	0.68
Cash Income Tax Paid	19.08	0.25	0.38	0.07	-0.13
Levered Free Cash Flow	957.25	-608.39	-232.29	-107.9	-165.15
Unlevered Free Cash Flow	998.64	-597.88	-226.55	-106.27	-164.7
Change in Working Capital	2,056	-366.04	-166.77	-45.85	-342.49

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.