MFC Asset Management 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	239.59	227.19	189.02	221.11	306.15
Depreciation & Amortization	62.01	48.81	48.27	49.29	49.48
Other Amortization	5.24	5.16	3.55	2.42	1.77
Asset Writedown & Restructuring Costs	3.12	3.76	0.1	0.57	2.89
Loss (Gain) From Sale of Investments	-1.11	-4.04	-1.9	-0.32	-0.25
Other Operating Activities	-61.26	-31.75	-26.49	-29.11	-4.93
Change in Accounts Receivable	-52.73	-69.86	-8.92	50.99	-58.6
Change in Other Net Operating Assets	-67.91	72.44	160.6	-96.23	42.03
Operating Cash Flow	126.95	251.71	364.24	198.73	338.55
Operating Cash Flow Growth	-49.57%	-30.90%	83.29%	-41.30%	159.77%
Capital Expenditures	-60.21	-13.3	-5.71	-3.53	-14.87
Sale of Property, Plant & Equipment	0.92	4.21	-	-	1.5
Sale (Purchase) of Intangibles	-2.18	-2.99	-9.68	-2.32	-7.49
Other Investing Activities	57.35	30.25	20.52	22.22	5.53
Investing Cash Flow	-4.12	18.16	5.13	16.38	-15.34
Long-Term Debt Repaid	-35.46	-40.33	-42.88	-45.47	-43.21
Net Debt Issued (Repaid)	-35.46	-40.33	-42.88	-45.47	-43.21
Common Dividends Paid	-131.9	-163.69	-188.41	-270.07	-138.18
Other Financing Activities	-7.96	-6.75	-3.91	-3.52	-5.8
Financing Cash Flow	-175.31	-210.78	-235.2	-319.06	-187.18
Net Cash Flow	-52.49	59.1	134.17	-103.96	136.03
Free Cash Flow	66.74	238.41	358.53	195.2	323.67
Free Cash Flow Growth	-72.01%	-33.50%	83.67%	-39.69%	170.47%
Free Cash Flow Margin	4.21%	17.33%	31.63%	17.82%	21.21%
Free Cash Flow Per Share	0.53	1.90	2.85	1.55	2.58
Cash Interest Paid	7.96	6.75	3.91	3.52	5.8
Cash Income Tax Paid	54.77	49.08	47.4	65.21	73.57
Levered Free Cash Flow	109.05	185.45	170.12	224.55	255.69
Unlevered Free Cash Flow	114.03	189.67	172.57	226.75	259.31
Change in Working Capital	-120.63	2.58	151.68	-45.23	-16.57

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