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	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	282.81	227.19	189.02	221.11	306.15	148.1
Depreciation & Amortization	53.51	48.81	48.27	49.29	49.48	47.03
Other Amortization	5.16	5.16	3.55	2.42	1.77	1.43
Asset Writedown & Restructuring Costs	5.84	3.76	0.1	0.57	2.89	1.43
Loss (Gain) From Sale of Investments	-2.07	-4.04	-1.9	-0.32	-0.25	-0.64
Other Operating Activities	-31.24	-31.75	-26.49	-29.11	-4.93	5.01
Change in Accounts Receivable	-112.27	-69.86	-8.92	50.99	-58.6	14.95
Change in Other Net Operating Assets	129.89	72.44	160.6	-96.23	42.03	-86.99
Operating Cash Flow	331.64	251.71	364.24	198.73	338.55	130.33
Operating Cash Flow Growth	161.22%	-30.90%	83.29%	-41.30%	159.77%	-34.60%
Capital Expenditures	-40.68	-13.3	-5.71	-3.53	-14.87	-10.66
Sale of Property, Plant & Equipment	4.3	4.21	-	-	1.5	2.87
Sale (Purchase) of Intangibles	-1.7	-2.99	-9.68	-2.32	-7.49	-1.99
Other Investing Activities	51.82	30.25	20.52	22.22	5.53	16.59
Investing Cash Flow	13.74	18.16	5.13	16.38	-15.34	6.81
Long-Term Debt Repaid	-	-40.33	-42.88	-45.47	-43.21	-36.32
Net Debt Issued (Repaid)	-39.41	-40.33	-42.88	-45.47	-43.21	-36.32
Common Dividends Paid	-133.21	-163.69	-188.41	-270.07	-138.18	-125.62
Other Financing Activities	-6.93	-6.75	-3.91	-3.52	-5.8	-7.46
Financing Cash Flow	-179.55	-210.78	-235.2	-319.06	-187.18	-169.4
Net Cash Flow	165.83	59.1	134.17	-103.96	136.03	-32.26
Free Cash Flow	290.96	238.41	358.53	195.2	323.67	119.67
Free Cash Flow Growth	138.86%	-33.50%	83.67%	-39.69%	170.47%	-39.46%
Free Cash Flow Margin	19.22%	17.33%	31.63%	17.82%	21.21%	13.08%
Free Cash Flow Per Share	2.32	1.90	2.85	1.55	2.58	0.95
Cash Interest Paid	6.93	6.75	3.91	3.52	5.8	7.46
Cash Income Tax Paid	51.65	49.08	47.4	65.21	73.57	27.13
Levered Free Cash Flow	168.67	191.43	170.12	224.55	255.69	224.68
Unlevered Free Cash Flow	173.01	195.65	172.57	226.75	259.31	229.37
Change in Working Capital	17.62	2.58	151.68	-45.23	-16.57	-72.03

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.