Smart Concrete 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	32.3	87.02	106.58	38.96	39.87
Depreciation & Amortization	38.52	44.77	45.75	45.76	47.35
Loss (Gain) From Sale of Assets	0.44	1.4	2.71	-0.52	0.77
Asset Writedown & Restructuring Costs	-	-0.12	2.01	1.85	-
Loss (Gain) From Sale of Investments	-	-	10	-	-
Provision & Write-off of Bad Debts	1.42	0.3	-0.26	0.15	0.43
Other Operating Activities	-6.87	-9.01	5.39	12.51	10.49
Change in Accounts Receivable	24.66	45.36	-11.81	-27.17	-16.02
Change in Inventory	5.62	-4.25	-0.74	-9.45	1.5
Change in Accounts Payable	-13.26	-32.2	3.04	21.26	5.32
Change in Other Net Operating Assets	-0.12	-0.74	-0.25	1.3	-2.68
Operating Cash Flow	82.72	132.53	162.42	84.65	87.02
Operating Cash Flow Growth	-37.58%	-18.40%	91.87%	-2.72%	13.51%
Capital Expenditures	-30.46	-17.04	-15.72	-6.42	-9.81
Sale of Property, Plant & Equipment	0.21	0.01	0.38	-	-
Sale (Purchase) of Intangibles	-0.02	-0.05	-0.06	-0.02	-0.02
Investment in Securities	15	76.29	-26.3	-75	-
Other Investing Activities	4.18	4.28	1.49	0.31	-0.2
Investing Cash Flow	-11.09	63.5	-56.21	-81.13	-10.03
Short-Term Debt Repaid	-	-	-	-	-9.5
Long-Term Debt Repaid	-1.39	-1.67	-4.8	-4.51	-4.1
Total Debt Repaid	-1.39	-1.67	-4.8	-4.51	-13.6
Net Debt Issued (Repaid)	-1.39	-1.67	-4.8	-4.51	-13.6
Issuance of Common Stock	-	-	-	-	86.81
Common Dividends Paid	-50.48	-94.95	-38.01	-41.65	-32.19
Other Financing Activities	-1.29	-1.45	-1.74	-1.93	-2.16
Financing Cash Flow	-53.16	-98.07	-44.55	-48.09	38.86
Net Cash Flow	18.47	97.96	61.66	-44.57	115.84
Free Cash Flow	52.26	115.49	146.7	78.23	77.21
Free Cash Flow Growth	-54.75%	-21.27%	87.52%	1.33%	34.68%
Free Cash Flow Margin	12.18%	19.86%	20.60%	13.67%	16.80%
Free Cash Flow Per Share	0.05	0.11	0.14	0.07	0.08
Cash Interest Paid	1.29	1.45	1.74	1.93	2.16
Cash Income Tax Paid	13.84	29.27	21.61	2.5	-
Levered Free Cash Flow	44.64	100.46	95.91	66.11	59.73
Unlevered Free Cash Flow	45.44	101.36	97	67.32	61.06
Change in Working Capital	16.9	8.17	-9.76	-14.06	-11.89

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