BKK:ETE 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	-16.77	13.33	47.49	23.35	26.74
Depreciation & Amortization	79.6	68.8	62.02	48.8	49.53
Other Amortization	1.9	1.95	1.81	1.97	2.19
Loss (Gain) From Sale of Assets	0.1	-0.57	0.25	0.37	1.59
Asset Writedown & Restructuring Costs	-	2.89	0.39	-	2.59
Loss (Gain) From Sale of Investments	0.01	-	-	-	-
Loss (Gain) on Equity Investments	0.82	0.07	0.06	0.41	0.4
Provision & Write-off of Bad Debts	47.46	17.53	5.83	0.06	10.76
Other Operating Activities	12	17.93	10.92	-9.38	42.9
Change in Accounts Receivable	113.45	162.99	-229.71	-249.07	115.79
Change in Inventory	-20.21	42.03	-48.81	52.02	53.25
Change in Accounts Payable	-19.64	-57.07	39.8	74.42	-63.6
Change in Unearned Revenue	-33.64	29.84	-20.65	32.58	-3.71
Change in Other Net Operating Assets	18.1	13.48	1.3	-10.49	-2.27
Operating Cash Flow	183.18	313.19	-129.31	-34.95	236.15
Operating Cash Flow Growth	-41.51%	-	-	-	5.18%
Capital Expenditures	-21.14	-330.12	-25.58	-108.66	-153.69
Sale of Property, Plant & Equipment	0.18	0.71	2.98	5.54	2.27
Cash Acquisitions	-	-	-	-	-8.76
Sale (Purchase) of Intangibles	-1.33	-3.82	-1.6	-0.32	-0.5
Investment in Securities	-	-	-	-	-0.78
Other Investing Activities	-8.27	-0.12	-13.01	-10.52	5.8
Investing Cash Flow	-30.55	-333.36	-37.21	-113.96	-155.66
Short-Term Debt Issued	539.52	1,083	996.78	540.68	632.23
Long-Term Debt Issued	23.16	254.64	120	-	68.8
Total Debt Issued	562.68	1,338	1,117	540.68	701.03
Short-Term Debt Repaid	-588.49	-1,179	-830.91	-309.04	-660.46
Long-Term Debt Repaid	-143.65	-121.14	-88.99	-86.06	-82.96
Total Debt Repaid	-732.13	-1,300	-919.91	-395.1	-743.42
Net Debt Issued (Repaid)	-169.45	37.57	196.87	145.59	-42.39
Common Dividends Paid	-	-16.8	-	-	-20.89
Other Financing Activities	-0.51	-1.66	-1.68	-2.27	0.06
Financing Cash Flow	-169.96	19.11	195.19	143.31	-63.22
Net Cash Flow	-17.33	-1.05	28.67	-5.59	17.27
Free Cash Flow	162.04	-16.93	-154.89	-143.62	82.46
Free Cash Flow Growth	-	-	-	-	-61.22%
Free Cash Flow Margin	12.08%	-1.20%	-9.64%	-11.42%	5.97%
Free Cash Flow Per Share	0.29	-0.03	-0.28	-0.26	0.15
Cash Interest Paid	52.39	52.67	50.61	28.19	36.36
Cash Income Tax Paid	9.89	0.48	6.97	16	-28.36
Levered Free Cash Flow	133.13	-46.29	-192.97	-188.86	19.53
Unlevered Free Cash Flow	166.37	-12.76	-160.57	-172.77	42.31
Change in Working Capital	58.06	191.27	-258.08	-100.54	99.46

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