Thai Ha 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	-68.08	-57.41	-80.54	-28.14	-69.01
Depreciation & Amortization	21.11	24.49	24.87	21.78	29.26
Other Amortization	3.34	-	-	-	-
Loss (Gain) From Sale of Assets	-1.16	-0	-0.02	0.01	1.13
Provision & Write-off of Bad Debts	-0.3	3.26	2.3	-1.72	1.61
Other Operating Activities	0.95	0.23	-2.25	-23.45	-2.75
Change in Accounts Receivable	19.64	-0.88	63.18	77	-101.02
Change in Inventory	24.06	17.02	16.81	-31.31	66.1
Change in Accounts Payable	-1.47	-5.67	-53.84	3.4	33.59
Change in Other Net Operating Assets	0.76	2	3.18	-0.01	2.2
Operating Cash Flow	-1.15	-16.96	-26.31	17.55	-38.88
Capital Expenditures	-7.42	-5.92	-29.8	-11.28	-59.39
Sale of Property, Plant & Equipment	2.18	0	0.07	-	17.5
Sale (Purchase) of Intangibles	-0.13	-	-0.51	-2.12	-3.5
Investing Cash Flow	-5.37	-5.92	-30.25	-13.41	-45.39
Short-Term Debt Issued	4.01	17.92	62.42	-	82.02
Long-Term Debt Issued	50	-	-	-	-
Total Debt Issued	54.01	17.92	62.42	-	82.02
Short-Term Debt Repaid	-45	-	-	-87.14	-
Long-Term Debt Repaid	-	-	-	-	-3.9
Total Debt Repaid	-45	-	-	-87.14	-3.9
Net Debt Issued (Repaid)	9.01	17.92	62.42	-87.14	78.12
Issuance of Common Stock	-	-	-	69.59	-
Common Dividends Paid	-3.68	-3.69	-3.67	-	-
Other Financing Activities	-	-	-	-0.92	-
Financing Cash Flow	5.34	14.24	58.75	-18.47	78.12
Foreign Exchange Rate Adjustments	-0.05	0	-0.22	0.3	0.95
Net Cash Flow	-1.24	-8.64	1.97	-14.02	-5.2
Free Cash Flow	-8.57	-22.88	-56.11	6.27	-98.27
Free Cash Flow Margin	-2.81%	-6.05%	-11.61%	1.32%	-18.28%
Free Cash Flow Per Share	-0.03	-0.08	-0.20	0.02	-0.35
Cash Interest Paid	15.14	14.16	11.86	8.42	4.33
Cash Income Tax Paid	-0.04	-0.38	0.07	0.43	0.03
Levered Free Cash Flow	17.42	-2.8	-15.44	22.98	-76.93
Unlevered Free Cash Flow	27.68	6.8	-7.65	27.75	-74.18
Change in Working Capital	42.99	12.47	29.33	49.08	0.88

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