AIRA Factoring PCL Cash Flow Statement

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

Millions THB. 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	14.83	16.74	6.82	45.26	49.52
Depreciation & Amortization	9.54	9.29	9.12	6.1	6.34
Other Amortization	1.67	1.41	2.24	2.48	2.32
Loss (Gain) From Sale of Assets	0	-	-0.02	-0.81	-1
Asset Writedown & Restructuring Costs	-	-	-	0	-
Provision & Write-off of Bad Debts	36.01	33.39	53.11	19.35	-1.88
Other Operating Activities	-1.55	-5.91	-9.25	-2.79	7.2
Change in Accounts Receivable	-91.36	107.59	46.77	-180.52	-77.04
Change in Accounts Payable	-0.21	3.26	2.72	1.11	-0.21
Change in Other Net Operating Assets	-253.53	-15.68	-171.89	55.67	-5.3
Operating Cash Flow	-284.59	150.08	-60.37	-54.14	-20.06
Capital Expenditures	-0.38	-0.25	-6.21	-0.61	-0.43
Sale of Property, Plant & Equipment	-	-	0.02	0.81	0.4
Sale (Purchase) of Intangibles	-2.95	-0.5	-1.65	-1.24	-0.64
Investing Cash Flow	-3.33	-0.76	-7.84	-1.04	-0.67
Short-Term Debt Issued	325	-	155	42	175
Long-Term Debt Issued	6.82	26.83	-	-	12
Total Debt Issued	331.82	26.83	155	42	187
Short-Term Debt Repaid	-	-130	-	-	-50
Long-Term Debt Repaid	-7.69	-7.34	-6.84	-17.66	-5.2
Total Debt Repaid	-7.69	-137.34	-6.84	-17.66	-55.2
Net Debt Issued (Repaid)	324.13	-110.51	148.16	24.34	131.8
Common Dividends Paid	-	-32	-51.2	-	-73.6
Financing Cash Flow	324.13	-142.51	96.96	24.34	58.2
Net Cash Flow	36.21	6.81	28.75	-30.84	37.47
Free Cash Flow	-284.97	149.82	-66.59	-54.75	-20.49
Free Cash Flow Margin	-114.39%	58.71%	-27.61%	-24.17%	-10.36%
Free Cash Flow Per Share	-0.18	0.09	-0.04	-0.03	-0.01
Cash Interest Paid	72.61	80.99	63.05	42.38	34.15
Cash Income Tax Paid	9.19	12.27	13.81	11.66	11.25
Levered Free Cash Flow	-314.42	224.87	-104.41	-25.2	-89.37
Unlevered Free Cash Flow	-267.41	276.18	-64.75	1.4	-67.64
Change in Working Capital	-345.1	95.17	-122.39	-123.74	-82.55

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