Muang Thai Insurance 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	957.61	1,501	655.46	810.22	767.45
Depreciation & Amortization	144.19	133.83	112.77	95.91	90.14
Other Amortization	-	-	16.38	15.25	10.97
Other Operating Activities	-646.1	-1,238	75.83	-272.62	-296.84
Operating Cash Flow	455.7	396.89	860.43	648.77	571.71
Operating Cash Flow Growth	14.82%	-53.87%	32.63%	13.48%	168.57%
Capital Expenditures	-90.97	-88.48	-108.67	-167.96	-144.72
Purchase / Sale of Intangible Assets	-45.52	-59.87	-34.95	-15.02	-30.5
Investing Cash Flow	-136.49	-148.34	-143.62	-182.97	-175.22
Total Debt Repaid	-25.48	-34.35	-34.88	-30.15	-32.04
Net Debt Issued (Repaid)	-25.48	-34.35	-34.88	-30.15	-32.04
Common Dividends Paid	-471.92	-294.94	-364.62	-306.8	-266.09
Financing Cash Flow	-497.4	-329.29	-399.5	-336.95	-298.13
Miscellaneous Cash Flow Adjustments	0.02	0.02	0.04	0.11	-0.15
Net Cash Flow	-178.16	-80.73	317.35	128.95	98.21
Free Cash Flow	364.73	308.41	751.76	480.81	426.99
Free Cash Flow Growth	18.26%	-58.98%	56.35%	12.60%	140.85%
Free Cash Flow Margin	1.83%	1.61%	5.99%	4.25%	4.15%
Free Cash Flow Per Share	0.62	0.52	1.27	0.81	0.72
Cash Income Tax Paid	252.62	288.32	239.73	396.13	292.92
Levered Free Cash Flow	-252.48	-5,723	1,444	1,664	635.84
Unlevered Free Cash Flow	-251	-5,721	1,446	1,665	637.49

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