Sabina 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	410.76	464.37	462.55	417.22	294.19
Depreciation & Amortization	73.67	75.45	79.01	67.17	80.23
Other Amortization	2.93	2.32	1.98	1.66	1.27
Loss (Gain) From Sale of Assets	-0.58	0.2	-0.84	-1.09	-0.25
Other Operating Activities	57.87	21.45	65.39	72.5	60.27
Change in Accounts Receivable	-3.55	-18.61	79.73	19.91	-4.46
Change in Inventory	298.69	104.84	-223.85	133.85	143.65
Change in Accounts Payable	46.13	-66.72	-58.76	19.76	40.31
Change in Other Net Operating Assets	0.87	39.64	3.75	-48.77	-14.97
Operating Cash Flow	886.79	622.93	408.95	682.21	600.25
Operating Cash Flow Growth	42.36%	52.33%	-40.06%	13.65%	81.94%
Capital Expenditures	-61.24	-43.12	-49.52	-34.48	-15.14
Sale of Property, Plant & Equipment	0.7	0.48	0.85	1.1	0.26
Sale (Purchase) of Intangibles	-3.57	-1.58	-4.1	-4.82	-3.65
Investment in Securities	-48.6	4.53	40.46	-140.78	-63.15
Other Investing Activities	-	-	-	4.6	-0.16
Investing Cash Flow	-112.71	-39.68	-12.31	-174.39	-81.85
Short-Term Debt Issued	-	-	56.05	-	-
Total Debt Issued	-	-	56.05	-	-
Short-Term Debt Repaid	-284.59	-60.29	-	-77.18	-164.22
Long-Term Debt Repaid	-40.2	-41.88	-39.43	-28.18	-38.18
Total Debt Repaid	-324.79	-102.17	-39.43	-105.36	-202.4
Net Debt Issued (Repaid)	-324.79	-102.17	16.63	-105.36	-202.4
Common Dividends Paid	-201.94	-240.08	-229.71	-212.36	-299.06
Other Financing Activities	-	-	-	0.75	-
Financing Cash Flow	-752.6	-575.08	-418.11	-469.87	-501.46
Foreign Exchange Rate Adjustments	-2.57	-1.34	-1.12	-	-
Miscellaneous Cash Flow Adjustments	-	-	9.34	-	-
Net Cash Flow	18.91	6.83	-13.25	37.95	16.94
Free Cash Flow	825.55	579.81	359.43	647.73	585.12
Free Cash Flow Growth	42.38%	61.31%	-44.51%	10.70%	94.50%
Free Cash Flow Margin	24.73%	16.18%	10.44%	20.37%	22.07%
Free Cash Flow Per Share	2.38	1.67	1.03	1.86	1.68
Cash Interest Paid	3.99	9.35	7.22	4.22	4.86
Cash Income Tax Paid	65.99	123.68	78.61	55.91	36.16
Levered Free Cash Flow	693.04	419.07	248.94	500.18	474.95
Unlevered Free Cash Flow	695.53	425.63	254.29	502.89	478.02
Change in Working Capital	342.13	59.15	-199.13	124.75	164.54

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