The Platinum Group PCL 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	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	467.63	408.97	177.62	-358.66	-505.63	-249.7
Depreciation & Amortization	579.37	494.73	401.52	355.21	362.75	376.42
Gain (Loss) on Sale of Assets	-1.03	-1.43	-2.16	0.2	-0.02	-0.1
Gain (Loss) on Sale of Investments	-0.02	-0.02	-0.01	-0	1.29	51.7
Asset Writedown	0.03	0.03	0.09	-	-	-
Income (Loss) on Equity Investments	0.75	0.58	-0.12	-0.16	-0.17	-0.13
Change in Accounts Receivable	6.53	8.27	-14.7	16.56	25.77	24.82
Change in Accounts Payable	-33.89	99.81	17.97	45.58	-11.69	-59.81
Change in Other Net Operating Assets	34.34	5.35	42.07	-1.66	-58.44	-228.02
Other Operating Activities	149.52	171.61	184.13	247.89	40.71	-171.93
Operating Cash Flow	1,203	1,166	803.73	284.11	-136.81	-249.66
Operating Cash Flow Growth	26.69%	45.11%	182.90%	-	-	-
Acquisition of Real Estate Assets	-1,103	-444.31	-962.41	-1,107	-545.73	-666.78
Sale of Real Estate Assets	1.49	1.71	2.54	0.01	0.04	1.96
Net Sale / Acq. of Real Estate Assets	-1,101	-442.61	-959.87	-1,107	-545.69	-664.82
Investment in Marketable & Equity Securities	-	-	-	1,341	1,104	1,513
Other Investing Activities	13.2	-211.29	13.58	7.01	11.78	28.84
Investing Cash Flow	-1,101	-671.96	-947.09	234.97	570.38	866.46
Short-Term Debt Issued	-	-	-	100	100	-
Long-Term Debt Issued	-	100	-	-	-	-
Total Debt Issued	100	100	-	100	100	-
Short-Term Debt Repaid	-	-	-200	-	-	-
Long-Term Debt Repaid	-	-214.39	-210.96	-49.83	-43.11	-135.85
Total Debt Repaid	-218.94	-214.39	-410.96	-49.83	-43.11	-135.85
Net Debt Issued (Repaid)	-118.94	-114.39	-410.96	50.17	56.89	-135.85
Common Dividends Paid	-	-	-	-	-	-560
Other Financing Activities	-	-	-9.27	-2.57	-0.91	-
Net Cash Flow	-16.27	379.92	-563.58	566.68	489.54	-79.05
Cash Interest Paid	-	-	9.27	2.57	0.91	-
Cash Income Tax Paid	226.81	194.32	107.7	8.4	13.11	165.5
Levered Free Cash Flow	796.48	365.74	-295.37	996.34	996.13	-816.35
Unlevered Free Cash Flow	900.71	461.51	-203.19	1,081	1,077	-762.69
Change in Working Capital	11.85	95.09	42.93	46.52	-43.06	-250.43

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