BKK:NAT 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	19.91	168.18	117.07	100.62
Depreciation & Amortization	5.28	4.64	3.52	3.14
Loss (Gain) From Sale of Assets	0.48	-	-	0.01
Asset Writedown & Restructuring Costs	0.01	0.24	-	2.66
Other Operating Activities	-8.3	0.61	-14.45	6.15
Change in Accounts Receivable	188.6	-148.51	37.68	-199.85
Change in Inventory	42.69	57.2	-58.4	51.46
Change in Accounts Payable	-159.13	-180.85	-36.89	236.36
Change in Unearned Revenue	-11.43	-12.69	8.46	4.65
Change in Other Net Operating Assets	-2.97	-3.39	5.09	2.26
Operating Cash Flow	75.14	-114.56	62.07	207.45
Operating Cash Flow Growth	-	-	-70.08%	-
Capital Expenditures	-1.07	-3.16	-0.89	-0.9
Sale of Property, Plant & Equipment	0.07	-	-	0.05
Sale (Purchase) of Intangibles	-0.02	-0.03	-0.25	-0.09
Investment in Securities	-	-	-	6
Other Investing Activities	7.3	0.48	6.99	-32.34
Investing Cash Flow	6.28	-2.71	5.85	-27.27
Long-Term Debt Repaid	-	-5.11	-4.07	-2.51
Net Debt Issued (Repaid)	-7.13	-5.11	-4.07	-2.51
Issuance of Common Stock	-	496.8	98	11.25
Common Dividends Paid	-42.65	-80.34	-169	-77
Other Financing Activities	-1.33	-13.1	-0.76	-0.77
Financing Cash Flow	-58.24	398.26	-75.83	-69.03
Net Cash Flow	23.18	280.98	-7.9	111.14
Free Cash Flow	74.07	-117.72	61.18	206.55
Free Cash Flow Growth	-	-	-70.38%	-
Free Cash Flow Margin	8.88%	-5.11%	3.93%	18.89%
Free Cash Flow Per Share	0.23	-0.37	0.45	5.16
Cash Interest Paid	1.33	1.13	0.76	0.77
Cash Income Tax Paid	19.6	40.96	45.57	19.39
Levered Free Cash Flow	69.45	-144.88	43.22	-
Unlevered Free Cash Flow	70.38	-143.85	43.72	-
Change in Working Capital	57.76	-288.24	-44.07	94.88

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