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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	431.14	429.79	408.97	177.62	-358.66	-505.63
Depreciation & Amortization	609.35	604.23	494.73	401.52	355.21	362.75
Gain (Loss) on Sale of Assets	-0.37	-	-1.43	-2.16	0.2	-0.02
Gain (Loss) on Sale of Investments	-0.14	-	-	-0.01	-0	1.29
Asset Writedown	0.05	0.05	0.03	0.09	-	-
Income (Loss) on Equity Investments	0.24	0.33	0.58	-0.12	-0.16	-0.17
Change in Accounts Receivable	-12.56	-12.41	8.27	-14.7	16.56	25.77
Change in Accounts Payable	-41.3	-85.34	99.81	17.97	45.58	-11.69
Change in Other Net Operating Assets	105.14	72.4	4.08	42.07	-1.66	-58.44
Other Operating Activities	156.92	160.78	171.61	184.13	247.89	40.71
Operating Cash Flow	1,247	1,169	1,183	803.73	284.11	-136.81
Operating Cash Flow Growth	15.18%	-1.20%	47.23%	182.90%	-	-
Acquisition of Real Estate Assets	-1,404	-1,306	-461.41	-962.41	-1,107	-545.73
Sale of Real Estate Assets	0.51	0.36	1.71	2.54	0.01	0.04
Net Sale / Acq. of Real Estate Assets	-1,403	-1,305	-459.7	-959.87	-1,107	-545.69
Investment in Marketable & Equity Securities	-154.16	-	-	-	1,341	1,104
Other Investing Activities	25.59	11.36	-211.29	13.58	7.01	11.78
Investing Cash Flow	-1,532	-1,294	-689.06	-947.09	234.97	570.38
Short-Term Debt Issued	-	-	-	-	100	100
Long-Term Debt Issued	-	200	100	-	-	-
Total Debt Issued	250	200	100	-	100	100
Short-Term Debt Repaid	-	-	-	-200	-	-
Long-Term Debt Repaid	-	-242.98	-214.39	-210.96	-49.83	-43.11
Total Debt Repaid	-278.87	-242.98	-214.39	-410.96	-49.83	-43.11
Net Debt Issued (Repaid)	-28.87	-42.98	-114.39	-410.96	50.17	56.89
Other Financing Activities	-	-	-	-9.27	-2.57	-0.91
Net Cash Flow	-314.31	-167.97	379.92	-563.58	566.68	489.54
Cash Interest Paid	-	-	-	9.27	2.57	0.91
Cash Income Tax Paid	225	225	194.32	107.7	8.4	13.11
Levered Free Cash Flow	612.36	689.19	389.61	-296.35	996.34	996.13
Unlevered Free Cash Flow	719.27	795.94	485.38	-204.18	1,081	1,077
Change in Working Capital	49.73	-25.35	112.16	42.93	46.52	-43.06

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