BKK:SWC 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	161.01	119.38	55.88	17.26	146.2
Depreciation & Amortization	54.86	51.06	52.74	44.26	38.11
Other Amortization	-	1.24	2.09	2.02	1.58
Loss (Gain) From Sale of Assets	0.04	0.09	0.4	0.38	0.05
Asset Writedown & Restructuring Costs	0.87	2.98	-0	0.5	6.32
Stock-Based Compensation	-	-	1.01	3.38	7.12
Provision & Write-off of Bad Debts	3.96	2.32	-3.46	3.12	-16.3
Other Operating Activities	21.01	27.58	-6.69	-15.45	37.25
Change in Accounts Receivable	-34.41	27.89	76.05	52.75	-5.84
Change in Inventory	-24.05	49.56	78.88	-24.37	-30.82
Change in Accounts Payable	96	20.51	-61.26	-47.7	100.79
Change in Other Net Operating Assets	-10.8	1.92	3.76	-10.61	-9.05
Operating Cash Flow	268.5	304.54	199.4	25.53	275.42
Operating Cash Flow Growth	-11.83%	52.72%	681.13%	-90.73%	63.78%
Capital Expenditures	-61.39	-13.57	-48.12	-37.55	-25.61
Sale of Property, Plant & Equipment	0.42	1.57	5.07	0.89	0.46
Cash Acquisitions	-	-	-0.37	-	-
Sale (Purchase) of Intangibles	-1.08	-0.25	-0.96	-	-7.17
Other Investing Activities	2.39	2.87	1.94	0.45	0.32
Investing Cash Flow	-59.67	-9.38	-42.44	-36.21	-32
Short-Term Debt Issued	32.41	8	-	100	-
Total Debt Issued	32.41	8	-	100	-
Short-Term Debt Repaid	-	-150	-	-	-80
Long-Term Debt Repaid	-20.28	-18.33	-18.87	-15.33	-12.11
Total Debt Repaid	-20.28	-168.33	-18.87	-15.33	-92.11
Net Debt Issued (Repaid)	12.13	-160.33	-18.87	84.67	-92.11
Issuance of Common Stock	-	-	-	122.68	8.19
Common Dividends Paid	-124.39	-2.52	-113.33	-143.26	-121.02
Other Financing Activities	-10.45	-5.83	-8.64	1.5	-
Financing Cash Flow	-122.72	-168.68	-140.84	65.59	-204.94
Foreign Exchange Rate Adjustments	-1.21	-4.99	-0.82	-2.3	-1.11
Net Cash Flow	84.91	121.49	15.3	52.61	37.37
Free Cash Flow	207.1	290.96	151.28	-12.02	249.81
Free Cash Flow Growth	-28.82%	92.33%	-	-	72.78%
Free Cash Flow Margin	11.92%	17.22%	8.83%	-0.71%	13.63%
Free Cash Flow Per Share	0.41	0.58	0.30	-0.02	0.52
Cash Interest Paid	-	2.69	6.61	1.94	2
Cash Income Tax Paid	-	46.91	36.7	54.62	43.27
Levered Free Cash Flow	178.2	271.69	138.92	8.03	212.8
Unlevered Free Cash Flow	180.2	273.38	143.04	9.24	213.99
Change in Working Capital	26.75	99.89	97.43	-29.93	55.08

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