Maybank Securities (Thailand) PCL (BKK:MST)

BKK:MST Cash Flow Statement

Financials in millions THB. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	264.55	220.51	462.13	364.91	628.23	760.79
Depreciation & Amortization, Total	106.95	111.44	114.98	120.61	124.08	124.85
Gain (Loss) On Sale of Investments	-0.5	-9.36	-44.94	-35.28	211.47	372.55
Change in Accounts Receivable	402.57	3,206	556.59	2,966	2,378	-7,156
Change in Accounts Payable	3,850	1,305	-747.99	-2,570	736.92	1,154
Change in Other Net Operating Assets	951.73	1,633	101.25	917.78	445.37	-838.12
Other Operating Activities	49.08	52.94	390.95	207.39	288.39	129.23
Operating Cash Flow	5,609	6,527	833.91	2,035	4,821	-5,312
Capital Expenditures	-29.61	-8.97	-29.79	-46.49	-50.66	-45.9
Sale (Purchase) of Intangibles	-5.6	-6.37	-6.02	-14.85	-29.99	-21.47
Investing Cash Flow	-34.51	-14.72	-35.25	-58.38	-80.38	-66.26
Short-Term Debt Issued	-	50,761	68,981	93,879	93,002	129,225
Total Debt Issued	48,295	50,761	68,981	93,879	93,002	129,225
Short-Term Debt Repaid	-	-56,892	-69,409	-95,391	-97,541	-122,523
Long-Term Debt Repaid	-	-74.59	-82.71	-86.53	-89.95	-93.67
Total Debt Repaid	-53,113	-56,966	-69,491	-95,478	-97,631	-122,617
Net Debt Issued (Repaid)	-4,818	-6,205	-510.48	-1,598	-4,629	6,608
Common Dividends Paid	-222.62	-222.62	-279.7	-559.4	-462.36	-559.4
Financing Cash Flow	-5,041	-6,427	-790.18	-2,158	-5,092	6,049
Net Cash Flow	534.93	85.37	8.27	-181.35	-350.14	670.07
Free Cash Flow	5,580	6,518	804.11	1,988	4,770	-5,358
Free Cash Flow Growth	3454.06%	710.62%	-59.56%	-58.32%	-	-
Free Cash Flow Margin	283.27%	346.59%	35.06%	89.70%	179.22%	-167.16%
Free Cash Flow Per Share	9.80	11.42	1.41	3.48	8.36	-9.37
Cash Interest Paid	227.9	227.9	250.1	263.12	148.1	145.82
Cash Income Tax Paid	122.54	122.54	87.88	142.65	195.24	223.47

Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.