BKK:PHG 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	309.47	252.24	259.47	293.1	317.48
Depreciation & Amortization	105.48	90.95	79.07	66.8	67.09
Other Amortization	-	3.86	3.7	3.14	2.39
Loss (Gain) From Sale of Assets	3.58	2.32	0.21	2.14	8.03
Loss (Gain) From Sale of Investments	-21.97	-23.67	-8.08	-0.46	-
Loss (Gain) on Equity Investments	0.03	0.06	0.03	-	-
Provision & Write-off of Bad Debts	-0.72	-9.39	8.88	8.94	3.58
Other Operating Activities	9.73	5.6	1.3	-11.36	51.94
Change in Accounts Receivable	-10.69	-21.27	-11.22	-60.96	10.83
Change in Inventory	-9.02	-8.54	-10.12	-4.14	-3.85
Change in Accounts Payable	17.04	13.21	32.15	19.31	-13.84
Change in Unearned Revenue	-	-	-	-	-41.93
Change in Other Net Operating Assets	-34.16	16.28	20.06	18.35	-96.66
Operating Cash Flow	368.76	321.64	375.45	334.85	305.05
Operating Cash Flow Growth	14.65%	-14.33%	12.12%	9.77%	42.68%
Capital Expenditures	-70.37	-108.32	-129.97	-78.72	-44.16
Sale of Property, Plant & Equipment	0.09	0.29	0.24	0.54	2.47
Sale (Purchase) of Intangibles	-1.77	-2.75	-7.42	-8.32	-13.5
Investment in Securities	65.69	-155	-579.37	-104.67	-45.08
Other Investing Activities	0.63	0.79	-1.76	-0.32	0.1
Investing Cash Flow	-5.74	-264.99	-718.28	-191.49	-100.17
Short-Term Debt Repaid	-	-	-	-20	-
Long-Term Debt Repaid	-6.8	-45.92	-292.78	-40.84	-12.46
Total Debt Repaid	-6.8	-45.92	-292.78	-60.84	-12.46
Net Debt Issued (Repaid)	-6.8	-45.92	-292.78	-60.84	-12.46
Issuance of Common Stock	-	-	1,141	146	-
Common Dividends Paid	-147.14	-155.99	-380	-233	-100
Other Financing Activities	-0.53	-0.69	-33.8	-0.83	-1.3
Financing Cash Flow	-154.47	-202.61	433.97	-148.67	-113.76
Net Cash Flow	208.55	-145.96	91.13	-5.31	91.13
Free Cash Flow	298.39	213.32	245.47	256.13	260.9
Free Cash Flow Growth	39.88%	-13.10%	-4.16%	-1.83%	77.05%
Free Cash Flow Margin	11.70%	9.38%	11.48%	12.56%	13.24%
Free Cash Flow Per Share	0.99	0.71	0.90	2.17	2.61
Cash Interest Paid	-	1.16	8.74	11.12	12.29
Cash Income Tax Paid	-	62.41	69.91	93.72	45.16
Levered Free Cash Flow	-624.86	146.82	171.27	176.32	155.3
Unlevered Free Cash Flow	-624.53	147.55	177.39	183.79	162.99
Change in Working Capital	-36.83	-0.33	30.87	-27.44	-145.45

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