BKK:GRAND 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	-1,543	-673.28	-753.01	-946.22	-1,728
Depreciation & Amortization	290.11	363.74	393.14	415.63	504.59
Other Amortization	-	-	4.52	5.19	6.21
Loss (Gain) From Sale of Assets	3.66	0.79	-0.39	-2.07	-2.82
Asset Writedown & Restructuring Costs	150	-156.9	-	-	560
Loss (Gain) From Sale of Investments	-	-	-2	0.51	-0.52
Loss (Gain) on Equity Investments	53.71	-32.66	-62.82	-31.87	28.32
Provision & Write-off of Bad Debts	410.15	-0.06	-	-	-
Other Operating Activities	353.37	165.28	268.39	206.62	-292.15
Change in Accounts Receivable	-15.86	-63.47	-39.8	-26.72	136.52
Change in Inventory	2.54	15.58	96.24	20.33	-2.06
Change in Accounts Payable	83.1	-33.8	44.54	66.84	34.28
Change in Other Net Operating Assets	165.06	-381.56	117.42	-12.46	-45.67
Operating Cash Flow	-47.63	-796.35	66.24	-304.22	-801.62
Capital Expenditures	-50.59	-161.72	-91.72	-75.98	-119.42
Sale of Property, Plant & Equipment	1.09	4,694	0.39	11.56	2.97
Sale (Purchase) of Intangibles	-2.74	-3.09	-3.32	-1.27	-0.04
Sale (Purchase) of Real Estate	-6	-155	-62	-50.08	20
Investment in Securities	-145.09	-71.4	-25.2	-102.9	-44.19
Other Investing Activities	240.18	136.04	63.19	124.33	-521.25
Investing Cash Flow	36.86	4,439	-118.66	-94.34	-661.93
Short-Term Debt Issued	31.24	3,500	-	-	990.23
Long-Term Debt Issued	182.7	1,055	3,082	6,138	2,465
Total Debt Issued	213.94	4,555	3,082	6,138	3,455
Short-Term Debt Repaid	-	-3,530	-	-	-1,000
Long-Term Debt Repaid	-707.53	-5,228	-3,257	-5,231	-4,682
Total Debt Repaid	-707.53	-8,758	-3,257	-5,231	-5,682
Net Debt Issued (Repaid)	-493.6	-4,202	-175.48	907.47	-2,227
Issuance of Common Stock	-	-	-	303.52	-
Other Financing Activities	-37.65	-40.75	-60.41	-149	4,001
Financing Cash Flow	-531.25	-4,243	-235.89	1,062	1,774
Net Cash Flow	-542.02	-600.44	-288.31	663.43	310.56
Free Cash Flow	-98.22	-958.07	-25.48	-380.2	-921.04
Free Cash Flow Margin	-4.78%	-36.34%	-0.97%	-22.03%	-178.97%
Free Cash Flow Per Share	-0.01	-0.10	-0.00	-0.04	-0.13
Cash Interest Paid	354.74	633.28	552.2	434.21	516.07
Cash Income Tax Paid	46.87	49.15	9.16	-20.1	21.69
Levered Free Cash Flow	37.07	-1,042	-158.9	-526.35	83.81
Unlevered Free Cash Flow	529.61	-398.33	485.97	25.56	513.74
Change in Working Capital	234.84	-463.25	218.4	47.98	123.06

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