BKK:BLC 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	173.02	171.35	145.39	125.72	51.61
Depreciation & Amortization	60.67	57.14	52.84	51.19	48.84
Loss (Gain) From Sale of Assets	0.11	0.38	0.01	0.81	0.03
Provision & Write-off of Bad Debts	-0.02	-0.23	-1.24	-2.45	0.78
Other Operating Activities	13.44	29.06	39.38	50.47	71.26
Change in Accounts Receivable	7.42	-33.81	-48.54	-55.76	31.8
Change in Inventory	-85.21	14.19	3.11	-51.11	-17.68
Change in Accounts Payable	-15.73	46.99	-51.92	40.45	-41.45
Change in Other Net Operating Assets	-16.8	-3.03	-13.05	-24.05	-13.33
Operating Cash Flow	136.91	282.05	125.97	135.26	131.86
Operating Cash Flow Growth	-51.46%	123.89%	-6.87%	2.58%	1163.86%
Capital Expenditures	-676.51	-243.38	-55.72	-13.69	-20.96
Sale of Property, Plant & Equipment	0.3	0.02	0.1	0.17	-
Sale (Purchase) of Intangibles	-6.37	-11.25	-4.56	-1.12	-1.54
Investment in Securities	550	335	-885	-0	-
Other Investing Activities	19.06	24.46	0.64	0.02	0.1
Investing Cash Flow	-113.51	104.86	-944.54	-14.62	-22.4
Short-Term Debt Issued	446.58	335.7	497.49	725.84	607.82
Long-Term Debt Issued	8.98	-	14.53	31	8.65
Total Debt Issued	455.56	335.7	512.02	756.84	616.47
Short-Term Debt Repaid	-370.38	-452.64	-675.89	-734.79	-621.94
Long-Term Debt Repaid	-40.63	-86.59	-67.33	-82.16	-61.65
Total Debt Repaid	-411.01	-539.23	-743.22	-816.96	-683.59
Net Debt Issued (Repaid)	44.54	-203.53	-231.2	-60.12	-67.12
Issuance of Common Stock	-	-	1,260	40	20
Common Dividends Paid	-113.98	-77.99	-79.47	-56.52	-36
Other Financing Activities	-9.67	-16.31	-78.16	-28.33	-28.64
Financing Cash Flow	-79.1	-297.82	871.18	-104.97	-111.75
Net Cash Flow	-55.7	89.08	52.61	15.67	-2.29
Free Cash Flow	-539.6	38.67	70.26	121.57	110.9
Free Cash Flow Growth	-	-44.96%	-42.21%	9.62%	962.94%
Free Cash Flow Margin	-32.15%	2.45%	4.96%	9.79%	10.12%
Free Cash Flow Per Share	-0.90	0.07	0.13	0.27	0.30
Cash Interest Paid	7.26	12.46	25.75	28.32	28.64
Cash Income Tax Paid	55.23	26.35	20.47	17.31	7.68
Levered Free Cash Flow	-497.77	-19.9	-37.59	98.23	77.04
Unlevered Free Cash Flow	-493.23	-12.17	-21.49	115.94	94.8
Change in Working Capital	-110.31	24.34	-110.4	-90.48	-40.65

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