Redwood Group 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	93	252.7	329.03	32.32	5.82
Depreciation & Amortization	88.36	91.8	94.01	90.58	87.59
Loss (Gain) From Sale of Assets	-0.88	3.13	-1.94	-3.23	0.19
Loss (Gain) From Sale of Investments	-	-	-	-7.41	-12.21
Provision & Write-off of Bad Debts	4.23	1.68	1.92	-0.57	1.13
Other Operating Activities	31.91	92.87	55.38	1.56	19.23
Change in Accounts Receivable	-123.89	58.37	-137.98	-224.19	-81.77
Change in Inventory	0.98	4.78	-28.89	-21.71	11.91
Change in Accounts Payable	27.83	-6.76	-6.59	39.35	60.03
Change in Unearned Revenue	212.17	-54.94	-255.83	261.05	-20.52
Change in Other Net Operating Assets	-90.21	-28.62	30.14	12.07	11.02
Operating Cash Flow	243.48	415	79.25	179.82	82.41
Operating Cash Flow Growth	-41.33%	423.63%	-55.93%	118.21%	-23.18%
Capital Expenditures	-81.11	-41.18	-59.59	-36.37	-97.58
Sale of Property, Plant & Equipment	1.52	6.47	2.72	1.25	1.82
Divestitures	-	-3	-	3.35	-
Investment in Securities	-	-	-15.64	6.01	-
Other Investing Activities	-2.54	0.48	-1.38	0.5	5.9
Investing Cash Flow	-82.13	-37.23	-73.9	-25.27	-89.86
Short-Term Debt Issued	58.96	-	-	3.63	-
Long-Term Debt Issued	4.66	5.4	-	-	64.65
Total Debt Issued	63.62	5.4	-	3.63	64.65
Short-Term Debt Repaid	-	-35.21	-	-	-28.63
Long-Term Debt Repaid	-56.3	-98.16	-67.48	-24.31	-56.52
Total Debt Repaid	-56.3	-133.37	-67.48	-24.31	-85.15
Net Debt Issued (Repaid)	7.32	-127.97	-67.48	-20.68	-20.5
Common Dividends Paid	-125.61	-125.61	-	-	-
Financing Cash Flow	-118.29	-253.58	-67.48	-20.68	-20.5
Foreign Exchange Rate Adjustments	-12.96	14.19	7.01	-35.96	-17.27
Net Cash Flow	30.1	138.38	-55.12	97.91	-45.21
Free Cash Flow	162.37	373.82	19.66	143.46	-15.17
Free Cash Flow Growth	-56.56%	1801.20%	-86.29%	-	-
Free Cash Flow Margin	6.00%	13.04%	0.69%	8.44%	-1.07%
Free Cash Flow Per Share	3.23	7.44	0.39	2.85	-0.30
Cash Interest Paid	14.9	18.77	19.59	17.01	14.9
Cash Income Tax Paid	50.08	85.32	35.36	8.7	7.77
Levered Free Cash Flow	167.04	258.07	-27.71	151.74	-88.33
Unlevered Free Cash Flow	176.37	268.82	-15.38	158.23	-86.96
Change in Working Capital	26.88	-27.17	-399.15	66.57	-19.33

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