Applicad 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	104.12	66.87	50.72	46.47	58.46
Depreciation & Amortization	27.54	28.47	28.7	25.35	19.52
Loss (Gain) From Sale of Assets	-0.31	-1	-3.44	-2.37	-0.66
Provision & Write-off of Bad Debts	1.48	0.76	-0.24	1.58	-0.44
Other Operating Activities	18.19	-6.76	6.12	1.49	11.74
Change in Accounts Receivable	51.02	-90.29	-36.49	-33.17	-41.44
Change in Inventory	-5.57	3.13	15.7	-19.73	-14.1
Change in Accounts Payable	15.34	63.57	-9.02	23.76	48.63
Change in Other Net Operating Assets	3.28	2.03	2.77	-2.89	-1.26
Operating Cash Flow	215.09	66.79	54.82	40.48	80.46
Operating Cash Flow Growth	222.04%	21.84%	35.41%	-49.68%	33.89%
Capital Expenditures	-16.99	-4.67	-11.54	-27.79	-23.81
Sale of Property, Plant & Equipment	0.34	1.59	6.75	4.53	0.69
Sale (Purchase) of Intangibles	-0.48	-2.24	-3.15	-8.53	-12.32
Investment in Securities	-100	-	-	-140.82	-1
Other Investing Activities	66.95	67.84	17.31	-	-
Investing Cash Flow	-50.17	62.51	9.37	-172.61	-36.44
Long-Term Debt Repaid	-8.79	-6.58	-5.39	-4.99	-3.52
Total Debt Repaid	-8.79	-6.58	-5.39	-4.99	-3.52
Net Debt Issued (Repaid)	-8.79	-6.58	-5.39	-4.99	-3.52
Common Dividends Paid	-36.4	-42	-39.2	-56	-42
Other Financing Activities	-1.15	-1.07	-0.76	-0.67	-0.33
Financing Cash Flow	-46.34	-49.66	-45.35	-61.66	-45.85
Foreign Exchange Rate Adjustments	-1.84	-0.21	-0.56	-0.8	0.32
Net Cash Flow	116.73	79.44	18.28	-194.59	-1.51
Free Cash Flow	198.1	62.12	43.28	12.69	56.65
Free Cash Flow Growth	218.89%	43.54%	241.02%	-77.60%	31.72%
Free Cash Flow Margin	17.59%	6.08%	4.78%	1.43%	7.09%
Free Cash Flow Per Share	0.71	0.22	0.15	0.04	0.20
Cash Interest Paid	1.15	1.14	0.76	0.67	0.33
Cash Income Tax Paid	15.9	18.42	18.45	18.63	17.61
Levered Free Cash Flow	82.13	38.09	27.12	-7.93	28.01
Unlevered Free Cash Flow	82.85	38.81	27.59	-7.52	28.22
Change in Working Capital	64.07	-21.56	-27.04	-32.04	-8.17

Source: S&P Global Market Intelligence. Standard template. Financial Sources.