Netbay 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	265.56	215.92	180.3	169.74	165.57
Depreciation & Amortization	24.96	21.3	15.82	13.83	14.74
Other Amortization	5.61	4.39	-	-	-
Loss (Gain) From Sale of Assets	-	-0	-0	-	-
Asset Writedown & Restructuring Costs	0	-	0	-	-
Loss (Gain) From Sale of Investments	-5.18	-4.41	-2.71	-0.16	-0.37
Loss (Gain) on Equity Investments	-	-	-	-	0.03
Other Operating Activities	4.49	5.77	-6.01	4.96	16.31
Change in Accounts Receivable	12.27	-25.43	2.44	-58.64	3.73
Change in Accounts Payable	-23.77	23.33	5.53	-0.12	2.96
Change in Unearned Revenue	16.12	-12.41	-8.82	-0.9	-2.62
Change in Other Net Operating Assets	-2.46	-7.17	10.38	21.28	4.19
Operating Cash Flow	297.61	221.3	196.93	149.98	204.53
Operating Cash Flow Growth	34.48%	12.37%	31.30%	-26.67%	23.21%
Capital Expenditures	-1.15	-69	-0.51	-13.71	-0.22
Sale of Property, Plant & Equipment	-	0.01	0	-	-
Cash Acquisitions	-	-	-	-	5.41
Sale (Purchase) of Intangibles	-19.1	-31.42	-2.47	-2.07	-0.02
Investment in Securities	138	90.7	-11.23	20.88	-38.21
Other Investing Activities	-6.05	3.18	4.84	2.37	2.45
Investing Cash Flow	111.71	-6.54	-9.37	7.48	-30.58
Long-Term Debt Repaid	-9.54	-9.67	-3.98	-3.21	-3.51
Net Debt Issued (Repaid)	-9.54	-9.67	-3.98	-3.21	-3.51
Common Dividends Paid	-315.85	-179.66	-163.24	-158.9	-156.38
Financing Cash Flow	-325.4	-189.33	-167.22	-162.11	-159.89
Net Cash Flow	83.92	25.44	20.34	-4.65	14.06
Free Cash Flow	296.46	152.3	196.42	136.28	204.31
Free Cash Flow Growth	94.66%	-22.46%	44.13%	-33.30%	24.83%
Free Cash Flow Margin	40.71%	26.19%	40.30%	29.81%	51.02%
Free Cash Flow Per Share	1.48	0.76	0.98	0.68	1.02
Cash Income Tax Paid	68.75	54.62	49.57	40.28	10.57
Levered Free Cash Flow	220.72	76.45	153.59	96.44	155.15
Unlevered Free Cash Flow	221.81	77.39	153.93	96.66	155.23
Change in Working Capital	2.16	-21.67	9.54	-38.38	8.26

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.