MEB Corporation 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	403.66	440.08	386.37	330.45	274.86
Depreciation & Amortization	14.75	5.15	4.6	4.31	4.42
Loss (Gain) From Sale of Assets	-	-	-0	-0.02	-0.02
Asset Writedown & Restructuring Costs	-	-	-	-0	0.01
Provision & Write-off of Bad Debts	0.1	0	0	-	-
Other Operating Activities	-26.55	-15.46	-7.72	0.38	16.94
Change in Accounts Receivable	-6.79	-13.06	-28.36	-4.56	-11.7
Change in Inventory	-2.42	-4.64	-3.26	-1.22	0.41
Change in Accounts Payable	-9.8	12.83	12.86	17.75	24.09
Change in Unearned Revenue	21.4	7.62	6.34	7.51	9.75
Change in Other Net Operating Assets	33.56	16.27	6.91	-0.11	1.31
Operating Cash Flow	427.91	448.79	377.74	354.48	320.06
Operating Cash Flow Growth	-4.65%	18.81%	6.56%	10.76%	47.75%
Capital Expenditures	-0.6	-1.05	-1.25	-1.17	-1.55
Sale of Property, Plant & Equipment	-	-	0.01	0.02	0.02
Cash Acquisitions	-157.81	-	-	-	-
Sale (Purchase) of Intangibles	-16.08	-11.9	-6.01	-0.66	-0.6
Investment in Securities	300	-300	-	-	-
Other Investing Activities	25.33	22.52	13.58	1.43	0.95
Investing Cash Flow	150.84	-290.44	6.33	-0.38	-1.18
Long-Term Debt Repaid	-3.45	-2.93	-2.88	-2.88	-2.92
Net Debt Issued (Repaid)	-3.45	-2.93	-2.88	-2.88	-2.92
Issuance of Common Stock	-	-	628.13	143.49	-
Common Dividends Paid	-329.99	-195	-145.42	-625.3	-100
Other Financing Activities	-0.2	-0.07	-0.1	-0.1	-0.04
Financing Cash Flow	-333.65	-198	479.72	-484.78	-102.97
Net Cash Flow	245.11	-39.65	863.78	-130.67	215.92
Free Cash Flow	427.32	447.73	376.49	353.32	318.51
Free Cash Flow Growth	-4.56%	18.93%	6.56%	10.93%	47.32%
Free Cash Flow Margin	19.78%	20.52%	19.55%	20.49%	21.88%
Free Cash Flow Per Share	1.43	1.49	1.27	3.75	31.85
Cash Interest Paid	-	0.07	0.1	0.1	0.04
Cash Income Tax Paid	-	108.74	94.32	81.18	51.67
Levered Free Cash Flow	347.37	332.7	160.45	410.5	260.86
Unlevered Free Cash Flow	347.5	332.75	160.51	410.56	260.88
Change in Working Capital	35.95	19.02	-5.51	19.37	23.85

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