Applicad PCL Cash Flow Statement

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

Millions THB. 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	113	66.87	50.72	46.47	58.46	45
Depreciation & Amortization	27.48	28.47	28.7	25.35	19.52	17.71
Loss (Gain) From Sale of Assets	-0.33	-1	-3.44	-2.37	-0.66	-0.38
Provision & Write-off of Bad Debts	1.31	0.76	-0.24	1.58	-0.44	1.62
Other Operating Activities	0.1	-6.76	6.12	1.49	11.74	7.24
Change in Accounts Receivable	10.91	-90.29	-36.49	-33.17	-41.44	-15.89
Change in Inventory	18.01	3.13	15.7	-19.73	-14.1	-11.49
Change in Accounts Payable	35.12	63.57	-9.02	23.76	48.63	16.95
Change in Other Net Operating Assets	-4.68	2.03	2.77	-2.89	-1.26	-0.67
Operating Cash Flow	201.61	66.79	54.82	40.48	80.46	60.09
Operating Cash Flow Growth	413.31%	21.84%	35.41%	-49.68%	33.89%	-30.43%
Capital Expenditures	-10.91	-4.67	-11.54	-27.79	-23.81	-17.09
Sale of Property, Plant & Equipment	0.45	1.59	6.75	4.53	0.69	0.7
Sale (Purchase) of Intangibles	-0.85	-2.24	-3.15	-8.53	-12.32	-3.59
Investment in Securities	-100	-	-	-140.82	-1	-
Other Investing Activities	55.76	67.84	17.31	-	-	0.26
Investing Cash Flow	-55.55	62.51	9.37	-172.61	-36.44	-19.71
Long-Term Debt Repaid	-	-6.58	-5.39	-4.99	-3.52	-3.46
Total Debt Repaid	-8.2	-6.58	-5.39	-4.99	-3.52	-3.46
Net Debt Issued (Repaid)	-8.2	-6.58	-5.39	-4.99	-3.52	-3.46
Common Dividends Paid	-36.4	-42	-39.2	-56	-42	-28
Other Financing Activities	-1.09	-1.07	-0.76	-0.67	-0.33	-
Financing Cash Flow	-45.69	-49.66	-45.35	-61.66	-45.85	-31.46
Foreign Exchange Rate Adjustments	-1.12	-0.21	-0.56	-0.8	0.32	-0.25
Net Cash Flow	99.25	79.44	18.28	-194.59	-1.51	8.67
Free Cash Flow	190.7	62.12	43.28	12.69	56.65	43
Free Cash Flow Growth	446.90%	43.54%	241.02%	-77.60%	31.72%	-24.13%
Free Cash Flow Margin	16.59%	6.08%	4.78%	1.43%	7.09%	6.53%
Free Cash Flow Per Share	0.69	0.22	0.15	0.04	0.20	0.15
Cash Interest Paid	1.16	1.14	0.76	0.67	0.33	-
Cash Income Tax Paid	25.14	18.42	18.45	18.63	17.61	11.17
Levered Free Cash Flow	166.26	38.09	27.12	-7.93	28.01	14.6
Unlevered Free Cash Flow	166.99	38.81	27.59	-7.52	28.22	14.81
Change in Working Capital	59.36	-21.56	-27.04	-32.04	-8.17	-11.1

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.