Siam Wellness Group 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	188.7	309.14	332.14	-88.03	-286.72
Depreciation & Amortization	280.8	256.3	274.87	311.69	326.74
Loss (Gain) From Sale of Assets	-0.23	-0.24	-1.05	-0.02	-0.07
Asset Writedown & Restructuring Costs	2.81	4.92	7.33	5	9.12
Loss (Gain) From Sale of Investments	-	-0	-0	-0	-0
Loss (Gain) on Equity Investments	-	0.65	1.33	0.09	-
Provision & Write-off of Bad Debts	1.84	0	-0.9	-0.39	8.19
Other Operating Activities	48.55	51.03	-86.45	-85.48	-145.72
Change in Accounts Receivable	0.58	-3.75	1.47	-14.5	-1.67
Change in Inventory	-4.01	-9.4	-5.7	-4.18	7.09
Change in Accounts Payable	11.66	-14.16	30.43	51.05	-6.58
Change in Unearned Revenue	8.3	-11.46	-2.26	7.04	2.39
Change in Other Net Operating Assets	-3.97	-7.12	-2.51	4.45	6.33
Operating Cash Flow	535.02	575.91	548.7	186.71	-80.9
Operating Cash Flow Growth	-7.10%	4.96%	193.88%	-	-
Capital Expenditures	-426.65	-317.72	-59.58	-116.91	-29.79
Sale of Property, Plant & Equipment	0.27	0.28	1.17	0.03	0.3
Sale (Purchase) of Intangibles	-0.44	-5.55	-0.25	-1.32	-0.69
Investment in Securities	-	3.55	-5.1	-0.51	-
Other Investing Activities	11.97	14.67	5.98	0.13	5.25
Investing Cash Flow	-414.85	-304.76	-57.73	-118.58	-24.93
Long-Term Debt Issued	281	100	330	90	141.15
Total Debt Issued	281	100	330	90	141.15
Long-Term Debt Repaid	-241.39	-454.05	-753.57	-83.08	-39.99
Total Debt Repaid	-241.39	-454.05	-753.57	-83.08	-39.99
Net Debt Issued (Repaid)	39.61	-354.05	-423.57	6.92	101.16
Common Dividends Paid	-128.18	-11.88	-0	-	-
Other Financing Activities	-33.59	-0	-	-	-
Financing Cash Flow	-122.17	-365.94	-423.57	6.92	101.16
Net Cash Flow	-1.99	-94.79	67.4	75.05	-4.67
Free Cash Flow	108.37	258.19	489.12	69.8	-110.69
Free Cash Flow Growth	-58.03%	-47.21%	600.78%	-	-
Free Cash Flow Margin	6.58%	15.49%	33.25%	9.70%	-64.01%
Free Cash Flow Per Share	0.08	0.20	0.38	0.05	-0.09
Cash Interest Paid	-	31.16	43.99	38.9	20.37
Cash Income Tax Paid	-	1.29	4.84	1.64	3.66
Levered Free Cash Flow	83.55	147.51	392.86	220.45	129.92
Unlevered Free Cash Flow	104.8	167.27	421.68	251.92	157.53
Change in Working Capital	12.56	-45.89	21.43	43.85	7.56

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