Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 101

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 101
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 borrowings of $10.8 million. This cash inflow was partially offset by repayments of short-term borrowings of $4.2 million, repayments of long-term borrowings of $57.3 million, and repayments of principal portion of lease liabilities of $13.3 million.

Material Cash Requirements from Known Contractual Obligations

Our primary contractual obligations consist of liabilities related to outstanding loan agreements as well as lease arrangements and payables arising from operating activities.

From time to time in the ordinary course of business, we enter into agreements with vendors for the purchase of components and raw materials to be used in the manufacture of our products. However, due to contractual terms, variability in the precise growth curves of our development and production ramps, and opportunities to renegotiate pricing, and the timing and magnitude of purchase orders beyond such period is difficult to accurately project. As part of a JV agreement executed on February 17, 2025, both Gogoro and Castrol Holdings expect to inject $2.0 m each into the joint venture in 2025. Following that initial injection, any further cash or assets injections will be funded equally based on an as needed basis and operations of the business. See more information in the Transaction with Castrol Holdings above in Item 5. B Liquidity and Capital Resources and Item 18. Financial Statements - Note 27 Events after the reporting period.

As of December 31, 2024, we had outstanding $466.8 million in aggregate principal amount of indebtedness, of which $176.8 million is scheduled to become due in the succeeding 12 months, where includes $54.6 million of non-interest bearing liabilities, $103.0 million of bank loans, and $19.2 million of lease liabilities. For the rest of outstanding indebtedness, we have $288.4 million scheduled to become due in the future one to five years, and other $1.6 million scheduled to become due in more than 5 years.

Dividends

Within the organization, investor cash inflows have all been received by Gogoro Inc., the parent Cayman entity. Cash to fund our operations is transferred from: (i) the Cayman parent to its operating companies through capital contributions; and (ii) operating companies to other operating companies through capital contributions.

As a holding company, Gogoro Inc. may rely on dividends and other distributions on equity paid by its subsidiaries for its cash and financing requirements. If any of our subsidiaries incur debt on its own