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	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	33.63	56.98	17.53	6.84	63.79
Depreciation & Amortization	43.89	48.95	50.34	56.26	56.47
Other Amortization	-	0.92	0.97	1.11	0.61
Loss (Gain) From Sale of Assets	-1.03	0.09	0.51	3.58	-0.15
Asset Writedown & Restructuring Costs	-3.18	-	-	-5.56	5.56
Provision & Write-off of Bad Debts	1.43	0.98	0.09	-0.58	1.12
Other Operating Activities	-0.47	8.68	6.42	2.81	7
Change in Accounts Receivable	-13.41	-11.88	13.02	61.96	-66.52
Change in Inventory	44.63	-26.37	123.25	-26.86	-88.27
Change in Accounts Payable	0.15	12.18	42.63	-97.56	86.92
Change in Other Net Operating Assets	-6.88	-2.64	-1.95	-3.93	-2.43
Operating Cash Flow	98.75	87.89	252.82	-1.93	64.11
Operating Cash Flow Growth	12.35%	-65.24%	-	-	-37.15%
Capital Expenditures	-14.52	-5.78	-13.41	-106.41	-93.92
Sale of Property, Plant & Equipment	1.03	0.14	2.15	13.28	0.15
Sale (Purchase) of Intangibles	-	-	-	-0.48	-3.4
Other Investing Activities	0.28	0.55	0.01	0.05	0.42
Investing Cash Flow	-13.21	-5.09	-11.25	-93.56	-96.75
Short-Term Debt Issued	-	-	90	173	100
Total Debt Issued	-	-	90	173	100
Short-Term Debt Repaid	-100	-90	-193	-5	-18
Long-Term Debt Repaid	-1.13	-16.1	-62.35	-62.35	-62.55
Total Debt Repaid	-101.13	-106.1	-255.35	-67.35	-80.55
Net Debt Issued (Repaid)	-101.13	-106.1	-165.35	105.65	19.45
Financing Cash Flow	-101.13	-106.1	-165.35	105.65	19.45
Net Cash Flow	-15.59	-23.29	76.22	10.16	-13.18
Free Cash Flow	84.23	82.12	239.41	-108.34	-29.8
Free Cash Flow Growth	2.57%	-65.70%	-	-	-
Free Cash Flow Margin	7.85%	6.23%	19.26%	-8.18%	-2.33%
Free Cash Flow Per Share	0.28	0.27	0.80	-0.36	-0.10
Cash Interest Paid	-	10.12	12.13	11.17	11.82
Cash Income Tax Paid	-	11.06	5.35	11.09	10.16
Levered Free Cash Flow	76.38	69.48	236.56	-112.64	-43.67
Unlevered Free Cash Flow	79.78	75.79	244.11	-105.7	-36.24
Change in Working Capital	24.48	-28.71	176.96	-66.39	-70.29

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