Siam Pan 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	319.89	246.74	343.72	344.09	460.03
Depreciation & Amortization	60.12	66.05	70.85	80.25	83.49
Loss (Gain) From Sale of Assets	-2.17	-7.88	-4.21	-3.17	-3.22
Asset Writedown & Restructuring Costs	-	4.59	-	-2.85	-
Other Operating Activities	-31.89	-87.76	-11.07	-8.41	-8.04
Change in Accounts Receivable	6.14	-10.22	15.4	22.04	-10.79
Change in Inventory	210.35	104.5	174.58	-87.81	-383.94
Change in Accounts Payable	122.24	-40.7	-22.29	-19.46	41.87
Change in Unearned Revenue	-57.73	39.06	-50.18	-34.49	49.29
Change in Other Net Operating Assets	21.78	-21.84	-12.44	-38.98	4.37
Operating Cash Flow	648.73	292.54	504.36	251.19	233.07
Operating Cash Flow Growth	121.75%	-42.00%	100.78%	7.78%	-58.62%
Capital Expenditures	-4.79	-25.65	-18.86	-12.98	-30.55
Sale of Property, Plant & Equipment	2.21	11.3	4.23	3.33	4.01
Sale (Purchase) of Intangibles	-	-	-	-	-1.35
Investment in Securities	-1,500	769.78	-192.1	-282.22	-241.57
Other Investing Activities	83.31	51.83	30.24	10.99	20.06
Investing Cash Flow	-1,420	807.26	-176.5	-280.88	-249.41
Long-Term Debt Repaid	-5.16	-5.16	-5.16	-5.16	-5.16
Total Debt Repaid	-5.16	-5.16	-5.16	-5.16	-5.16
Net Debt Issued (Repaid)	-5.16	-5.16	-5.16	-5.16	-5.16
Common Dividends Paid	-138	-276	-276	-155.25	-310.5
Other Financing Activities	-0	-0	-0.97	-13.92	-10.45
Financing Cash Flow	-143.16	-281.16	-282.13	-174.33	-326.11
Foreign Exchange Rate Adjustments	0	-0.53	-0.82	-1.84	0.19
Net Cash Flow	-914.05	818.11	44.91	-205.86	-342.26
Free Cash Flow	643.94	266.9	485.49	238.22	202.52
Free Cash Flow Growth	141.27%	-45.02%	103.80%	17.63%	-62.25%
Free Cash Flow Margin	27.06%	13.01%	17.77%	9.37%	6.91%
Free Cash Flow Per Share	1.87	0.77	1.41	0.69	0.59
Cash Income Tax Paid	-	83.32	68.88	103.32	119.87
Levered Free Cash Flow	654.1	241.11	447.77	133.14	121.19
Unlevered Free Cash Flow	655.25	242.32	449	134.38	122.57
Change in Working Capital	302.77	70.8	105.07	-158.71	-299.2

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