K.W. Metal Work 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	38.49	51.36	23.22	30.53	83.19
Depreciation & Amortization	27.02	28.42	26.94	22.54	20.14
Loss (Gain) From Sale of Assets	0.3	-0.2	-0.4	-0.24	-0.2
Asset Writedown & Restructuring Costs	0.32	0.08	0.64	0.03	0.34
Loss (Gain) From Sale of Investments	-1.61	-	-	-	-
Other Operating Activities	-9.26	8.39	5.56	1.83	5.15
Change in Accounts Receivable	27.76	-23.05	-4.29	29.12	-21.21
Change in Inventory	21.79	-46.32	87.7	-19.03	-155.04
Change in Accounts Payable	55.41	39.72	6.95	-18.09	16.36
Change in Other Net Operating Assets	0.01	0.82	0.04	0	-0
Operating Cash Flow	160.23	59.21	146.35	46.69	-51.26
Operating Cash Flow Growth	170.61%	-59.54%	213.45%	-	-
Capital Expenditures	-32.56	-23.31	-16.94	-54.92	-66.97
Sale of Property, Plant & Equipment	2.08	5.13	0.42	0.6	0.21
Divestitures	4.09	-	-	-	-
Other Investing Activities	-0.78	0.26	0.11	0.02	0.05
Investing Cash Flow	-27.16	-17.91	-16.4	-54.3	-66.71
Short-Term Debt Issued	10	52.86	-	-	53.41
Long-Term Debt Issued	5.74	-	-	15.63	50
Total Debt Issued	15.74	52.86	-	15.63	103.41
Short-Term Debt Repaid	-135.26	-	-32.12	-65.98	-
Long-Term Debt Repaid	-10.27	-23.42	-16.97	-14.46	-8.31
Total Debt Repaid	-145.53	-23.42	-49.09	-80.43	-8.31
Net Debt Issued (Repaid)	-129.79	29.45	-49.09	-64.8	95.1
Issuance of Common Stock	-	-	19.78	5.13	77.9
Common Dividends Paid	-34.2	-28.33	-27.57	-45.31	-30.23
Other Financing Activities	-3.51	-2	-1.73	1.2	3.64
Financing Cash Flow	-167.5	-0.88	-58.61	-103.77	146.41
Net Cash Flow	-34.43	40.42	71.34	-111.38	28.44
Free Cash Flow	127.67	35.9	129.41	-8.23	-118.24
Free Cash Flow Growth	255.59%	-72.26%	-	-	-
Free Cash Flow Margin	32.92%	6.91%	27.95%	-1.72%	-20.64%
Free Cash Flow Per Share	0.26	0.07	0.26	-0.02	-0.25
Cash Interest Paid	3.48	4.42	4.18	6.16	3.72
Cash Income Tax Paid	10.44	7.11	2.73	6.45	7.1
Levered Free Cash Flow	17.02	20.08	120.14	-22.46	-149.72
Unlevered Free Cash Flow	19.17	22.88	122.74	-18.61	-147.38
Change in Working Capital	104.96	-28.84	90.4	-8	-159.89

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