Enermax 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	-48.1	-172.9	-75.18	0.3	-53.13
Depreciation & Amortization	15.96	24.5	28.03	27.7	23.37
Loss (Gain) From Sale of Assets	-18.75	-4.98	-3.01	-81.05	-10.78
Loss (Gain) From Sale of Investments	-	3.87	-	-	-
Provision & Write-off of Bad Debts	0.08	-0.27	0.01	-0.04	0.68
Other Operating Activities	1.06	1.71	6.02	7.01	-4.49
Change in Accounts Receivable	-3.19	-2.47	0.63	9.32	41.14
Change in Inventory	-10.56	105.35	-64.3	94.79	-43.2
Change in Accounts Payable	13.13	-10.52	37.62	-36.5	-29.21
Change in Unearned Revenue	-0.15	3.95	0.79	-0.02	-0.13
Change in Other Net Operating Assets	-4.01	10.4	-5.76	21.73	-9.8
Operating Cash Flow	-54.54	-41.36	-75.15	43.24	-85.54
Capital Expenditures	-4.04	-4.05	-6.74	-16.88	-13.05
Sale of Property, Plant & Equipment	46.96	38.38	25.31	111.93	20.68
Divestitures	-	4.18	-	-	-
Sale (Purchase) of Intangibles	-	-	-0.19	-0.22	-2.47
Sale (Purchase) of Real Estate	-12.61	-3.45	-	26.03	-
Investment in Securities	-	-	6.13	-6.13	-
Other Investing Activities	-0.34	-1.7	-1.57	-0.7	0.17
Investing Cash Flow	29.96	33.35	22.94	114.04	5.33
Short-Term Debt Issued	50	490	576	800	828
Long-Term Debt Issued	-	8.6	13	-	-
Total Debt Issued	50	498.6	589	800	828
Short-Term Debt Repaid	-70	-590	-564	-882	-756
Long-Term Debt Repaid	-9.68	-33.01	-17.14	-14.68	-18.18
Total Debt Repaid	-79.68	-623.01	-581.14	-896.68	-774.18
Net Debt Issued (Repaid)	-29.68	-124.41	7.86	-96.68	53.82
Issuance of Common Stock	-	208.48	-	-	-
Other Financing Activities	0.04	0.6	-0.2	-20.36	19.94
Financing Cash Flow	-29.64	84.67	7.66	-117.04	73.75
Foreign Exchange Rate Adjustments	-6.08	-4.09	2.39	6.2	-1.44
Net Cash Flow	-60.3	72.58	-42.16	46.45	-7.89
Free Cash Flow	-58.59	-45.41	-81.89	26.37	-98.59
Free Cash Flow Margin	-28.36%	-18.39%	-25.49%	9.25%	-21.50%
Free Cash Flow Per Share	-1.60	-1.39	-3.04	0.98	-3.66
Cash Interest Paid	2.31	4.46	4.83	4.25	3.53
Cash Income Tax Paid	0.37	0.16	0.22	0.99	0.41
Levered Free Cash Flow	48.14	-86.51	-58.27	32.21	-73.43
Unlevered Free Cash Flow	49.59	-83.72	-55.35	34.76	-71.12
Change in Working Capital	-4.78	106.72	-31.02	89.32	-41.2

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