BKK:NAT 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	3.36	168.18	117.07	100.62
Depreciation & Amortization	5.18	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	-8.8	0.61	-14.45	6.15
Change in Accounts Receivable	81.54	-148.51	37.68	-199.85
Change in Inventory	-11.99	57.2	-58.4	51.46
Change in Accounts Payable	0.51	-180.85	-36.89	236.36
Change in Unearned Revenue	-0.01	-12.69	8.46	4.65
Change in Other Net Operating Assets	-5.76	-3.39	5.09	2.26
Operating Cash Flow	64.51	-114.56	62.07	207.45
Operating Cash Flow Growth	-	-	-70.08%	-
Capital Expenditures	-0.95	-3.16	-0.89	-0.9
Sale of Property, Plant & Equipment	0.07	-	-	0.05
Sale (Purchase) of Intangibles	-42.52	-0.03	-0.25	-0.09
Investment in Securities	-	-	-	6
Other Investing Activities	9.64	0.48	6.99	-32.34
Investing Cash Flow	-33.75	-2.71	5.85	-27.27
Long-Term Debt Repaid	-7.09	-5.11	-4.07	-2.51
Net Debt Issued (Repaid)	-7.09	-5.11	-4.07	-2.51
Issuance of Common Stock	-	496.8	98	11.25
Repurchase of Common Stock	-17.72	-	-	-
Common Dividends Paid	-42.63	-80.34	-169	-77
Other Financing Activities	-1.31	-13.1	-0.76	-0.77
Financing Cash Flow	-68.75	398.26	-75.83	-69.03
Net Cash Flow	-37.99	280.98	-7.9	111.14
Free Cash Flow	63.56	-117.72	61.18	206.55
Free Cash Flow Growth	-	-	-70.38%	-
Free Cash Flow Margin	11.25%	-5.11%	3.93%	18.89%
Free Cash Flow Per Share	0.20	-0.37	0.45	5.16
Cash Interest Paid	1.31	1.13	0.76	0.77
Cash Income Tax Paid	12.68	40.96	45.57	19.39
Levered Free Cash Flow	22.29	-144.88	43.22	-
Unlevered Free Cash Flow	23.13	-143.85	43.72	-
Change in Working Capital	64.29	-288.24	-44.07	94.88

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