ARIP 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	11.17	8.3	12.62	12.1	5.2
Depreciation & Amortization	10.02	5.92	4.15	3.23	2.42
Other Amortization	-	3.6	5.52	5.18	4.07
Loss (Gain) From Sale of Assets	-1.04	-0.01	-0.02	-0.01	-0.01
Asset Writedown & Restructuring Costs	0	0	0	0	-
Loss (Gain) From Sale of Investments	-1.91	-	-	-	-
Provision & Write-off of Bad Debts	-0.35	-0.19	0.65	-0.03	-0.61
Other Operating Activities	0.09	-1.67	-1.11	0.86	14.25
Change in Accounts Receivable	13.85	5.14	-0.81	0.78	12.86
Change in Inventory	0.25	-0.17	0.09	0.16	0.35
Change in Accounts Payable	-3.52	-1.38	5.27	-3.51	1.44
Change in Unearned Revenue	2.94	0.88	-1.14	1.71	-
Change in Other Net Operating Assets	-6.34	-4.7	-2.11	13	-13
Operating Cash Flow	25.17	15.72	23.11	33.49	26.96
Operating Cash Flow Growth	60.07%	-31.96%	-31.00%	24.22%	96.92%
Capital Expenditures	-3.56	-3.28	-5.9	-4.66	-1.57
Sale of Property, Plant & Equipment	1.04	0.01	0.02	0.01	0.02
Sale (Purchase) of Intangibles	-0.3	-9.77	-1.4	-1.29	-8.56
Investment in Securities	8.27	-11.41	9.99	-27.67	-60.02
Other Investing Activities	0.69	2.21	1.16	0.75	0.37
Investing Cash Flow	6.14	-22.24	3.87	-32.87	-69.77
Long-Term Debt Repaid	-0.42	-0.08	-0.07	-0.36	-0.4
Net Debt Issued (Repaid)	-0.42	-0.08	-0.07	-0.36	-0.4
Common Dividends Paid	-7.88	-10.02	-10.02	-	-
Other Financing Activities	-0.22	-0.04	-0.06	-0.06	-0.03
Financing Cash Flow	-8.51	-10.15	-10.15	-0.43	-0.43
Net Cash Flow	22.79	-16.66	16.84	0.19	-43.23
Free Cash Flow	21.6	12.44	17.21	28.83	25.39
Free Cash Flow Growth	73.68%	-27.73%	-40.30%	13.54%	95.63%
Free Cash Flow Margin	8.37%	5.75%	6.97%	12.73%	15.00%
Free Cash Flow Per Share	0.05	0.03	0.04	0.06	0.05
Cash Interest Paid	-	0.04	0.06	0.06	0.03
Cash Income Tax Paid	-	4.78	5.08	4.34	3
Levered Free Cash Flow	-35.57	1.54	14.34	22.32	11.16
Unlevered Free Cash Flow	-35.37	1.59	14.41	22.39	11.19
Change in Working Capital	7.19	-0.23	1.3	12.15	1.65

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