Gish International 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	-12.13	-14.6	-15	-19.13	-27.62
Depreciation & Amortization	5.55	5.08	4.78	4.74	5.38
Loss (Gain) From Sale of Assets	-	-	-	-	-1.61
Asset Writedown & Restructuring Costs	-0.6	-	-	-	-
Loss (Gain) From Sale of Investments	-11.33	-4.89	-2.27	-4.25	-
Provision & Write-off of Bad Debts	0.01	0.03	-	-	-0.63
Other Operating Activities	-2.65	-8.52	-1.94	-3.93	-1.6
Change in Accounts Receivable	1.82	-4.49	-0.78	9.57	7.23
Change in Inventory	16.04	14.12	18.97	7.24	6.9
Change in Accounts Payable	0.24	-0.37	0.95	-5.22	3.51
Change in Other Net Operating Assets	2	4.59	3.23	1.31	-4.15
Operating Cash Flow	-5.03	-11.62	-26.12	-3.72	-24.56
Capital Expenditures	-3.08	-	-	-	-
Sale of Property, Plant & Equipment	-	-	-	0.05	-
Sale (Purchase) of Real Estate	-	-	-	-	136.83
Investment in Securities	18.68	-4.05	-13.33	-25.11	-15.57
Other Investing Activities	0.04	-0.32	0.03	0.91	1.58
Investing Cash Flow	15.64	-4.37	-13.3	-24.15	122.84
Short-Term Debt Issued	133.61	347.7	499.07	207.47	199.58
Long-Term Debt Issued	34.31	15.1	52.47	2.32	4.81
Total Debt Issued	167.92	362.8	551.54	209.79	204.39
Short-Term Debt Repaid	-130.61	-332.7	-541.28	-198.11	-229.25
Long-Term Debt Repaid	-38.57	-20.06	-9.92	-5.3	-59.73
Total Debt Repaid	-169.18	-352.76	-551.2	-203.4	-288.98
Net Debt Issued (Repaid)	-1.26	10.04	0.34	6.38	-84.59
Issuance of Common Stock	-	-	42.53	-	-
Other Financing Activities	-12.39	11.96	-4.84	5	-1.17
Financing Cash Flow	-13.65	22	38.04	11.38	-85.76
Foreign Exchange Rate Adjustments	-0.47	-0.23	-0.44	1.61	-0.87
Net Cash Flow	-3.51	5.77	-1.82	-14.88	11.65
Free Cash Flow	-8.12	-11.62	-26.12	-3.72	-24.56
Free Cash Flow Margin	-7.58%	-10.62%	-25.10%	-2.54%	-10.75%
Free Cash Flow Per Share	-0.40	-0.56	-1.34	-0.21	-1.42
Cash Interest Paid	5.68	7.62	3.89	3.16	3.1
Cash Income Tax Paid	0	-0.08	-	1.65	3.59
Levered Free Cash Flow	42.74	1.45	3.85	-3.8	149.53
Unlevered Free Cash Flow	46.01	4.32	6.36	-1.58	151.42
Change in Working Capital	16.12	11.28	-11.69	18.85	1.53

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