Don Muang Tollway 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	1,073	897.43	1,001	780.58	404.3
Depreciation & Amortization	721.93	736.81	529.55	364.06	226.31
Loss (Gain) From Sale of Assets	-0.26	-0.33	0.27	-1.5	-0.91
Loss (Gain) From Sale of Investments	-	-2.01	-	-	-
Other Operating Activities	37.35	51.62	72.43	166.94	52.68
Change in Accounts Receivable	5.29	-6.58	-3.44	-	-
Change in Accounts Payable	-13.47	44.74	25.7	-5.24	5.81
Change in Other Net Operating Assets	-51.83	-78.31	-94.14	-144.39	-204.61
Operating Cash Flow	1,772	1,643	1,531	1,160	483.59
Operating Cash Flow Growth	7.84%	7.31%	31.96%	139.97%	-59.32%
Capital Expenditures	-29.98	-76.26	-56.73	-12.59	-9.16
Sale of Property, Plant & Equipment	0.37	0.37	0.19	1.83	0.94
Sale (Purchase) of Intangibles	-0.74	-22.51	-22.84	-7.01	-10.06
Investment in Securities	-176.47	67.41	-53.08	-563.75	52.13
Other Investing Activities	26.37	26.87	25.52	8.33	7.35
Investing Cash Flow	-180.45	-4.11	-106.95	-573.19	41.2
Short-Term Debt Issued	-	1,221	2,750	-	770
Total Debt Issued	-	1,221	2,750	-	770
Short-Term Debt Repaid	-200	-1,821	-1,950	-	-1,328
Long-Term Debt Repaid	-16.93	-16.15	-12.79	-10.66	-1,609
Total Debt Repaid	-216.93	-1,837	-1,963	-10.66	-2,937
Net Debt Issued (Repaid)	-216.93	-616.15	787.21	-10.66	-2,167
Issuance of Common Stock	-	-	-	-	2,177
Common Dividends Paid	-1,015	-941.43	-2,256	-589.38	-607.2
Other Financing Activities	-2.99	-18.82	-9.73	-2.04	-22.14
Financing Cash Flow	-1,235	-1,576	-1,479	-602.08	-620.23
Net Cash Flow	356.71	62.87	-54.07	-14.82	-95.44
Free Cash Flow	1,742	1,567	1,475	1,148	474.43
Free Cash Flow Growth	11.17%	6.27%	28.47%	141.95%	-59.54%
Free Cash Flow Margin	65.80%	63.47%	63.42%	62.65%	39.46%
Free Cash Flow Per Share	1.48	1.33	1.25	0.97	0.42
Cash Interest Paid	2.99	18.82	22.33	2.04	22.14
Cash Income Tax Paid	280.74	254.54	235.97	86.03	150.14
Levered Free Cash Flow	1,592	1,350	1,249	945.14	258.91
Unlevered Free Cash Flow	1,594	1,363	1,263	946.41	274.03
Change in Working Capital	-60.01	-40.15	-71.88	-149.63	-198.8

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