Progate Group Cash Flow Statement

Financials in millions TWD. Fiscal year is January - December.

Millions TWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	82.16	62.73	160.11	73.27	58.15	-26.51
Depreciation & Amortization	5.32	4.52	3.66	3.25	3.28	3.81
Other Amortization	43.56	30.99	0.01	-	-	-
Loss (Gain) From Sale of Investments	3.57	0.32	-0.72	33.43	0.12	-2.22
Stock-Based Compensation	-	14.69	-	16.43	-	-
Other Operating Activities	26.14	-23.83	8.53	18.21	9.48	7
Change in Accounts Receivable	18.02	73.71	-96.12	-5.1	-14.6	-0.1
Change in Inventory	-21.18	31.85	19.95	-86.68	24.75	-46.79
Change in Accounts Payable	-14.28	-30.96	22.02	20.15	9.41	3.65
Change in Unearned Revenue	239.63	30.44	-16.75	33.68	36.67	63.36
Change in Other Net Operating Assets	-249.11	43.29	3.13	-31.02	-15.43	-12.74
Operating Cash Flow	91.02	144.67	114.06	45.13	126.01	36.88
Operating Cash Flow Growth	-50.70%	26.83%	152.75%	-64.19%	241.73%	-
Capital Expenditures	-1.92	-4.14	-5.41	-3.84	-0.21	-0.8
Sale (Purchase) of Intangibles	-52.95	-45.1	-0.24	-	-	-
Other Investing Activities	-0.81	-0.62	-0.97	-0	0.39	-0.62
Investing Cash Flow	-55.68	-49.87	-6.62	-3.84	0.19	-1.42
Long-Term Debt Repaid	-	-1.76	-1.03	-1.12	-1.1	-1.08
Net Debt Issued (Repaid)	-1.4	-1.76	-1.03	-1.12	-1.1	-1.08
Issuance of Common Stock	-	329.18	-	281.16	-	-
Common Dividends Paid	-63.27	-85.89	-56.02	-	-	-
Other Financing Activities	-	-	-5.11	1.34	-	-
Financing Cash Flow	-65.5	241.52	-62.16	281.38	-1.1	-1.08
Foreign Exchange Rate Adjustments	-8.66	19.38	-1.49	13.01	-1.57	-1.16
Net Cash Flow	-38.81	355.71	43.8	335.68	123.53	33.22
Free Cash Flow	89.1	140.53	108.65	41.29	125.81	36.08
Free Cash Flow Growth	-49.93%	29.33%	163.14%	-67.18%	248.72%	-
Free Cash Flow Margin	7.85%	20.60%	9.84%	4.42%	22.45%	9.58%
Free Cash Flow Per Share	2.25	3.69	2.91	1.24	3.79	1.09
Cash Interest Paid	0.1	0.1	0.04	0.04	0.04	0.04
Cash Income Tax Paid	8.31	37.85	36.65	1.03	-	-
Levered Free Cash Flow	20.52	208.73	58.44	61.29	88.61	-10.78
Unlevered Free Cash Flow	20.58	208.8	58.47	61.31	88.64	-10.76
Change in Working Capital	-69.72	55.25	-57.53	-99.46	54.99	54.8

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