Pioneer Motor 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	80	113.56	73.58	105.27	102.09
Depreciation & Amortization	34.35	35.63	35.08	32.27	28.25
Other Amortization	1	1.06	0.98	1.08	0.93
Loss (Gain) From Sale of Assets	-0.22	-0.32	-0.14	-0.11	-0.16
Loss (Gain) From Sale of Investments	-3.94	-5.94	-2.17	0.01	-0.48
Provision & Write-off of Bad Debts	0.23	0	0.05	-	-
Other Operating Activities	-1.18	19.62	6.34	-4.79	14.38
Change in Accounts Receivable	27.01	-32.74	-15.51	32.8	-44.33
Change in Inventory	56.75	6.54	-5.19	-101.19	-152.86
Change in Accounts Payable	-31.32	28.31	-34.44	-42.61	56.98
Change in Other Net Operating Assets	-9.23	-11.13	7.37	9.05	3.67
Operating Cash Flow	153.45	154.58	65.95	31.8	8.48
Operating Cash Flow Growth	-0.73%	134.40%	107.42%	275.13%	-93.29%
Capital Expenditures	-23.1	-21.28	-24.1	-60.25	-98.39
Sale of Property, Plant & Equipment	0.64	0.34	0.98	0.24	0.16
Sale (Purchase) of Intangibles	-0.33	-0.74	-0.63	-0.62	-2.26
Investment in Securities	3.32	-52.2	-203.26	38.62	102.84
Other Investing Activities	-0.01	3.17	-0	-0	1.31
Investing Cash Flow	-19.48	-70.71	-227.01	-22	3.67
Long-Term Debt Repaid	-0.36	-0.37	-0.63	-0.8	-1.95
Total Debt Repaid	-0.36	-0.37	-0.63	-0.8	-1.95
Net Debt Issued (Repaid)	-0.36	-0.37	-0.63	-0.8	-1.95
Issuance of Common Stock	-	-	157	90.05	-
Repurchase of Common Stock	-28.91	-	-	-	-
Common Dividends Paid	-57.97	-37.87	-36.75	-41.89	-32.04
Other Financing Activities	-0.18	-0.2	-0.16	-0.06	-0.14
Financing Cash Flow	-87.41	-38.44	119.46	47.3	-34.13
Net Cash Flow	46.55	45.43	-41.61	57.1	-21.99
Free Cash Flow	130.35	133.31	41.85	-28.45	-89.91
Free Cash Flow Growth	-2.22%	218.53%	-	-	-
Free Cash Flow Margin	12.87%	11.47%	4.36%	-2.38%	-9.07%
Free Cash Flow Per Share	0.18	0.18	0.06	-0.04	-0.13
Cash Interest Paid	0.18	0.2	0.16	0.06	0.14
Cash Income Tax Paid	18.93	21.92	5.47	26.14	12.58
Levered Free Cash Flow	108.37	108.15	13.53	-70.14	-128.45
Unlevered Free Cash Flow	108.99	108.27	13.63	-70.1	-128.36
Change in Working Capital	43.21	-9.02	-47.77	-101.94	-136.53

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