Global Connections 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	195.4	190.7	186.29	163.37	189.13
Depreciation & Amortization	12.99	12.2	11.93	12.65	13.32
Loss (Gain) From Sale of Assets	-0.06	-1.25	-0.11	-0.44	-0.48
Asset Writedown & Restructuring Costs	-	-	-	0	0
Other Operating Activities	7.48	1.91	4.91	2.58	-2.25
Change in Accounts Receivable	202.88	-59.29	-47.45	52.31	-161.55
Change in Inventory	-48.15	-89.05	67.77	-77.91	-193.1
Change in Accounts Payable	-34.48	22.7	29.85	-102.07	58.69
Change in Other Net Operating Assets	-8.18	-0.49	12.82	-14.45	-3.25
Operating Cash Flow	327.89	77.44	266	36.03	-99.49
Operating Cash Flow Growth	323.44%	-70.89%	638.22%	-	-
Capital Expenditures	-4.85	-20.07	-1.13	-2.07	-2.07
Sale of Property, Plant & Equipment	0.06	1.25	0.11	0.44	0.48
Sale (Purchase) of Intangibles	-7.1	-	-	-	-
Investing Cash Flow	-11.89	-18.82	-1.02	-1.63	-1.59
Short-Term Debt Issued	-	114	-	107.44	268.85
Total Debt Issued	-	114	-	107.44	268.85
Short-Term Debt Repaid	-204.21	-	-67.71	-	-
Long-Term Debt Repaid	-1.35	-1.69	-1.72	-1.66	-1.03
Total Debt Repaid	-205.56	-1.69	-69.44	-1.66	-1.03
Net Debt Issued (Repaid)	-205.56	112.31	-69.44	105.78	267.82
Common Dividends Paid	-171.6	-158.39	-154	-138	-159.97
Financing Cash Flow	-377.15	-46.08	-223.44	-32.22	107.85
Net Cash Flow	-61.15	12.54	41.55	2.19	6.77
Free Cash Flow	323.04	57.36	264.87	33.97	-101.56
Free Cash Flow Growth	463.13%	-78.34%	679.80%	-	-
Free Cash Flow Margin	6.22%	0.97%	5.18%	0.61%	-2.03%
Free Cash Flow Per Share	0.73	0.13	0.60	0.08	-0.23
Cash Interest Paid	18	27.59	21.14	11.92	7.72
Cash Income Tax Paid	46.84	45.38	40.9	44.07	48.59
Levered Free Cash Flow	272.92	15.06	222.9	0.38	-143.14
Unlevered Free Cash Flow	284.14	32.29	236.18	7.93	-138.26
Change in Working Capital	112.08	-126.12	62.99	-142.13	-299.21

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