GrandTech Cloud Services 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	98.64	95.47	67.57	63.01
Depreciation & Amortization	4.8	5.14	8.69	8.33
Other Amortization	0.62	0.65	0.72	0.59
Loss (Gain) From Sale of Assets	-0.01	0.02	0.49	0.01
Stock-Based Compensation	-	0.72	-	0
Provision & Write-off of Bad Debts	1.08	0.24	0.05	-1.48
Other Operating Activities	5.97	10.2	7.51	11.89
Change in Accounts Receivable	31.94	-73.86	-41.5	-43.95
Change in Inventory	3.97	-19.75	13.78	-0.52
Change in Accounts Payable	-33.53	24.7	64.31	39.64
Change in Unearned Revenue	-2.84	0.67	-4.18	16.14
Change in Other Net Operating Assets	123.09	-86.8	-94.7	-114.02
Operating Cash Flow	233.72	-42.61	22.74	-20.36
Capital Expenditures	-1.26	-0.81	-7.62	-0.6
Sale of Property, Plant & Equipment	0.01	-	0.32	-
Sale (Purchase) of Intangibles	-	-	-0.03	-3.33
Investment in Securities	-7.52	-0.36	-1.88	-
Other Investing Activities	0.98	1.82	0.58	9.91
Investing Cash Flow	-7.79	0.65	-8.63	5.98
Short-Term Debt Issued	-	555	95	40
Total Debt Issued	410	555	95	40
Short-Term Debt Repaid	-	-455	-135	-
Long-Term Debt Repaid	-	-2.72	-6.49	-6.5
Total Debt Repaid	-482.49	-457.72	-141.49	-6.5
Net Debt Issued (Repaid)	-72.49	97.28	-46.49	33.5
Issuance of Common Stock	468.34	21.51	-	96
Common Dividends Paid	-94.5	-30.58	-23.69	-1.68
Other Financing Activities	-6.75	0.22	-5.27	-11.72
Financing Cash Flow	294.6	88.42	-75.44	116.1
Foreign Exchange Rate Adjustments	-2.52	3.1	-0.14	2.05
Net Cash Flow	518.02	49.57	-61.47	103.77
Free Cash Flow	232.46	-43.42	15.12	-20.96
Free Cash Flow Margin	14.88%	-3.04%	1.44%	-2.39%
Free Cash Flow Per Share	9.48	-1.85	0.65	-0.93
Cash Interest Paid	1.54	1.49	0.46	0.8
Cash Income Tax Paid	18.01	21.81	19.46	14.52
Levered Free Cash Flow	128.98	-14.45	19.3	-
Unlevered Free Cash Flow	129.89	-13.48	19.58	-
Change in Working Capital	122.62	-155.05	-62.28	-102.71

Source: S&P Capital IQ. Standard template. Financial Sources.