Make To Win Holding 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	-25.56	-19.71	54.24	19.37	19.83
Depreciation & Amortization	23.2	19.23	13.35	9.05	10.87
Other Amortization	0.46	0.27	-	-	-
Loss (Gain) From Sale of Assets	0.03	0.07	-	-0.02	0.08
Loss (Gain) From Sale of Investments	0.01	-	-	-	-
Other Operating Activities	16.85	15.02	22.86	5.18	10.85
Change in Accounts Receivable	-31.72	67.47	-62.7	-37.51	-2.59
Change in Inventory	71.25	-53	-142.42	-53.21	-29.69
Change in Accounts Payable	8.13	-17.39	2.43	17.69	-
Change in Other Net Operating Assets	1.62	-9.21	-26.39	-4.84	-2.15
Operating Cash Flow	64.27	2.73	-138.63	-44.29	7.2
Operating Cash Flow Growth	2253.24%	-	-	-	-67.08%
Capital Expenditures	-2.27	-4.59	-148.66	-107.52	-4.38
Sale of Property, Plant & Equipment	0.02	0.17	-	0.02	0.49
Cash Acquisitions	-5.21	-	-	-	-
Sale (Purchase) of Intangibles	-0.04	-0.91	-1.35	-0.01	-0.9
Investment in Securities	-	-	-	-18.68	-
Other Investing Activities	-9.66	-0.54	-1.24	-2	0.01
Investing Cash Flow	-35.65	-5.88	-151.25	-128.19	-4.78
Short-Term Debt Issued	17.8	78.54	150.6	89.51	41.83
Long-Term Debt Issued	60	-	-	72	-
Total Debt Issued	77.8	78.54	150.6	161.51	41.83
Short-Term Debt Repaid	-297.24	-45.5	-	-40.5	-30
Long-Term Debt Repaid	-19.14	-13.7	-12.27	-34.75	-6.47
Total Debt Repaid	-316.38	-59.2	-12.27	-75.25	-36.47
Net Debt Issued (Repaid)	-238.58	19.34	138.33	86.26	5.36
Issuance of Common Stock	205.26	-	-	250.56	-
Common Dividends Paid	-	-	-	-50.97	-
Other Financing Activities	7.27	-15.85	-7.55	36.7	-1.6
Financing Cash Flow	-26.05	3.49	130.78	322.55	3.76
Foreign Exchange Rate Adjustments	0.01	-	-	-	-
Net Cash Flow	2.58	0.34	-159.1	150.07	6.18
Free Cash Flow	62	-1.86	-287.3	-151.81	2.82
Free Cash Flow Growth	-	-	-	-	-84.74%
Free Cash Flow Margin	20.79%	-0.65%	-54.94%	-61.05%	1.32%
Free Cash Flow Per Share	0.08	-0.00	-0.43	-0.29	0.01
Cash Interest Paid	10.73	15.85	7.55	3.76	1.6
Cash Income Tax Paid	0.75	4.83	12.16	7.07	5.48
Levered Free Cash Flow	63.03	29.77	-310.08	-159.64	-5.75
Unlevered Free Cash Flow	69.73	39.79	-306.09	-157.71	-4.75
Change in Working Capital	49.28	-12.14	-229.08	-77.87	-34.43

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