JAS Asset 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	-784.97	165.61	192.6	202.34	161.44
Depreciation & Amortization	59.57	44.47	16.73	10.84	14.29
Gain (Loss) on Sale of Assets	17.79	0.33	0.02	0.17	-1.14
Asset Writedown	669.7	-212.6	-236.49	-116.37	-65.59
Income (Loss) on Equity Investments	2.34	3.11	19.34	0.75	-
Change in Accounts Receivable	16.78	-3.66	-26.39	6.23	-65.25
Change in Accounts Payable	-18.58	7.11	29.91	-14.45	12.4
Change in Other Net Operating Assets	5.81	24.72	-1.16	-19.55	60.48
Other Operating Activities	236.76	160.98	178.87	184.29	105.61
Operating Cash Flow	204.2	295.87	212.88	219.91	218.41
Operating Cash Flow Growth	-30.98%	38.98%	-3.19%	0.68%	-28.54%
Acquisition of Real Estate Assets	-86	-684.58	-926.25	-468.07	-315.19
Sale of Real Estate Assets	8.04	0.19	0.14	0.31	1.54
Net Sale / Acq. of Real Estate Assets	-77.96	-684.4	-926.1	-467.76	-313.64
Investment in Marketable & Equity Securities	-	-2	1.6	-29.6	-
Other Investing Activities	-1.76	5.76	6.51	0.3	0.01
Investing Cash Flow	-83.27	-686.61	-923.08	-499.45	-313.9
Short-Term Debt Issued	453.85	698	899.2	115	280.78
Long-Term Debt Issued	90	284.1	326.6	320	90
Total Debt Issued	543.85	982.1	1,226	435	370.78
Short-Term Debt Repaid	-125	-770	-169.2	-389.42	-188
Long-Term Debt Repaid	-531.14	-220.39	-242.14	-443.09	-231.59
Total Debt Repaid	-656.14	-990.39	-411.34	-832.51	-419.59
Net Debt Issued (Repaid)	-112.29	-8.29	814.46	-397.51	-48.82
Issuance of Common Stock	-	702.42	-	847.29	270.52
Common Dividends Paid	-	-	-34.2	-28.1	-27.87
Other Financing Activities	-169.71	-148.34	-129.55	-86.8	-82.6
Net Cash Flow	-161.07	155.05	-59.49	55.33	15.75
Cash Interest Paid	-	143.84	124.96	86.8	82.6
Cash Income Tax Paid	-	14.83	8.78	0.62	-4.33
Levered Free Cash Flow	34.32	41.67	104.54	110.57	48.37
Unlevered Free Cash Flow	136.6	119.03	162.96	154.44	89.66
Change in Working Capital	2.8	134.29	-13.16	-62.11	2.35

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