BKK:TMD 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	373.77	330.67	314.34	311.62	370.04
Depreciation & Amortization	59.45	74.54	87.61	91.56	93.48
Other Amortization	-	0.04	0.04	0.05	-
Loss (Gain) From Sale of Assets	-1.55	-3.45	-7.04	-2.13	-0.56
Asset Writedown & Restructuring Costs	-0.7	-	-	-	0
Loss (Gain) From Sale of Investments	-14.5	-13.55	-8.21	-1.07	-0.83
Provision & Write-off of Bad Debts	0.42	1.12	-0.71	-1.14	0.22
Other Operating Activities	-40.81	-51.05	-44.21	-58.28	-22.69
Change in Accounts Receivable	-39.88	-7.17	18.81	102.12	-138.29
Change in Inventory	19.79	31.57	39.61	58.71	-174.65
Change in Accounts Payable	12.26	-2.53	-16.5	1.33	42.88
Change in Other Net Operating Assets	-0.56	-5.78	-9	-12	6.83
Operating Cash Flow	367.7	354.39	374.74	490.78	176.43
Operating Cash Flow Growth	3.75%	-5.43%	-23.64%	178.17%	-61.74%
Capital Expenditures	-56.61	-23.27	-18.94	-55.06	-65.44
Sale of Property, Plant & Equipment	1.92	5.07	7.24	35.27	8.18
Sale (Purchase) of Intangibles	-0.04	-	-0.04	-	-0.14
Sale (Purchase) of Real Estate	-0.81	-	5.05	-	-
Investment in Securities	-114.97	-113.35	-184.82	-282.39	-85.74
Other Investing Activities	71.33	67.11	65.17	46.56	40.45
Investing Cash Flow	-99.18	-64.44	-126.35	-255.62	-102.69
Long-Term Debt Repaid	-	-	-	-	-6
Total Debt Repaid	-	-	-	-	-6
Net Debt Issued (Repaid)	-	-	-	-	-6
Common Dividends Paid	-256.3	-248.8	-231.9	-240	-210
Other Financing Activities	-	-	-8.1	-9.8	-9.2
Financing Cash Flow	-256.3	-248.8	-240	-249.8	-225.2
Net Cash Flow	12.22	41.15	8.38	-14.65	-151.46
Free Cash Flow	311.09	331.12	355.79	435.72	110.99
Free Cash Flow Growth	-6.05%	-6.93%	-18.34%	292.56%	-72.79%
Free Cash Flow Margin	17.37%	17.95%	19.91%	19.50%	4.96%
Free Cash Flow Per Share	2.07	2.21	2.37	2.90	0.74
Cash Interest Paid	-	-	-	-	0.04
Cash Income Tax Paid	-	68.07	68.7	88.19	79.17
Levered Free Cash Flow	260.95	268.71	309.01	399.27	18.08
Unlevered Free Cash Flow	260.95	268.71	309.01	399.27	18.11
Change in Working Capital	-8.39	16.09	32.91	150.16	-263.23

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