BKK:SMT 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	-60.13	-164.46	235.35	303.52	209.7
Depreciation & Amortization	187.31	203.22	207.42	221.05	243.55
Other Amortization	6.87	7.08	6.53	6.41	5.77
Loss (Gain) From Sale of Assets	-94.75	-	-6.81	-	-2.46
Asset Writedown & Restructuring Costs	0.31	0.08	0.04	0.62	0.59
Loss (Gain) From Sale of Investments	-	-	-	-	1.31
Stock-Based Compensation	-	-	6.42	7.65	16.64
Provision & Write-off of Bad Debts	0.99	-0.2	1.01	-13.1	-
Other Operating Activities	11.3	50.42	7.8	79.1	-7.14
Change in Accounts Receivable	51.22	-162.79	94.25	-32.96	-52.7
Change in Inventory	-24.41	94.14	122.29	-107.74	-262.71
Change in Accounts Payable	28.11	127.91	-146.45	45.92	108.71
Change in Other Net Operating Assets	-18.17	-2.17	-16.21	16.97	-18.83
Operating Cash Flow	88.64	153.23	511.64	527.45	242.44
Operating Cash Flow Growth	-42.15%	-70.05%	-3.00%	117.56%	-15.20%
Capital Expenditures	-72.35	-47.77	-55.74	-26.99	-32.48
Sale of Property, Plant & Equipment	66.27	-	-	-	14.04
Sale (Purchase) of Intangibles	-1.67	-5.71	-5.56	-7.1	-12
Investment in Securities	-37.82	-3.89	-	-	-
Other Investing Activities	-	96	-	-	-
Investing Cash Flow	-45.57	38.63	-61.31	-34.09	-30.45
Short-Term Debt Issued	111.28	50	-	-	-
Long-Term Debt Issued	-	-	-	-	694.58
Total Debt Issued	111.28	50	-	-	694.58
Short-Term Debt Repaid	-	-	-25.89	-10.1	-543.2
Long-Term Debt Repaid	-1.23	-1.25	-331.4	-356.34	-380.39
Total Debt Repaid	-1.23	-1.25	-357.3	-366.44	-923.59
Net Debt Issued (Repaid)	110.04	48.75	-357.3	-366.44	-229.01
Issuance of Common Stock	-	0	0.13	16.11	20.18
Repurchase of Common Stock	-11.7	-24.84	-33.85	-17.36	-
Common Dividends Paid	-32.56	-58.03	-50.31	-42.08	-
Financing Cash Flow	65.78	-34.12	-441.33	-409.76	-208.83
Net Cash Flow	108.85	157.74	9	83.59	3.16
Free Cash Flow	16.29	105.45	455.89	500.45	209.95
Free Cash Flow Growth	-84.55%	-76.87%	-8.90%	138.36%	10.12%
Free Cash Flow Margin	0.80%	4.99%	17.44%	17.57%	9.54%
Free Cash Flow Per Share	0.02	0.13	0.53	0.57	0.24
Cash Interest Paid	1.19	0.28	7.48	27.02	30.67
Cash Income Tax Paid	0.27	6.4	0.51	-0.36	0.23
Levered Free Cash Flow	25.47	189.45	350.88	353.76	112.86
Unlevered Free Cash Flow	26.35	189.61	356.96	371.97	131.64
Change in Working Capital	36.75	57.09	53.88	-77.81	-225.52

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