S. Pack & Print PCL Cash Flow Statement

Financials in millions THB. Fiscal year is January - December.

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	28.09	56.98	17.53	6.84	63.79	77
Depreciation & Amortization	44.04	48.95	50.34	56.26	56.47	57.84
Other Amortization	0.92	0.92	0.97	1.11	0.61	3.32
Loss (Gain) From Sale of Assets	-1.09	0.09	0.51	3.58	-0.15	-2.43
Asset Writedown & Restructuring Costs	-	-	-	-5.56	5.56	-
Provision & Write-off of Bad Debts	2.16	0.98	0.09	-0.58	1.12	-
Other Operating Activities	3.03	8.68	6.42	2.81	7	6.77
Change in Accounts Receivable	22.78	-11.88	13.02	61.96	-66.52	-32.68
Change in Inventory	79.28	-26.37	123.25	-26.86	-88.27	2.98
Change in Accounts Payable	-36.34	12.18	42.63	-97.56	86.92	-7.91
Change in Other Net Operating Assets	-6.99	-2.64	-1.95	-3.93	-2.43	-2.89
Operating Cash Flow	135.88	87.89	252.82	-1.93	64.11	102
Operating Cash Flow Growth	56.02%	-65.24%	-	-	-37.15%	48.61%
Capital Expenditures	-4.69	-5.78	-13.41	-106.41	-93.92	-50.3
Sale of Property, Plant & Equipment	1.09	0.14	2.15	13.28	0.15	13.47
Sale (Purchase) of Intangibles	-	-	-	-0.48	-3.4	-
Other Investing Activities	0.39	0.55	0.01	0.05	0.42	0.62
Investing Cash Flow	-3.22	-5.09	-11.25	-93.56	-96.75	-36.21
Short-Term Debt Issued	-	-	90	173	100	120
Total Debt Issued	-	-	90	173	100	120
Short-Term Debt Repaid	-	-90	-193	-5	-18	-91.5
Long-Term Debt Repaid	-	-16.1	-62.35	-62.35	-62.55	-62.64
Total Debt Repaid	-96.07	-106.1	-255.35	-67.35	-80.55	-154.14
Net Debt Issued (Repaid)	-96.07	-106.1	-165.35	105.65	19.45	-34.14
Common Dividends Paid	-	-	-	-	-	-0
Financing Cash Flow	-96.07	-106.1	-165.35	105.65	19.45	-34.14
Net Cash Flow	36.59	-23.29	76.22	10.16	-13.18	31.66
Free Cash Flow	131.19	82.12	239.41	-108.34	-29.8	51.7
Free Cash Flow Growth	60.01%	-65.70%	-	-	-	39.31%
Free Cash Flow Margin	11.84%	6.23%	19.26%	-8.18%	-2.33%	4.27%
Free Cash Flow Per Share	0.44	0.27	0.80	-0.36	-0.10	0.17
Cash Interest Paid	6.51	10.12	12.13	11.17	11.82	15.17
Cash Income Tax Paid	8.29	11.06	5.35	11.09	10.16	8.36
Levered Free Cash Flow	134.32	69.48	236.56	-112.64	-43.67	29.65
Unlevered Free Cash Flow	138.39	75.79	244.11	-105.7	-36.24	39
Change in Working Capital	58.73	-28.71	176.96	-66.39	-70.29	-40.49

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.