Trinity Watthana 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	-28.63	0.51	-353.4	178.4	250.14	130.45
Depreciation & Amortization, Total	53.96	50.71	49.46	40.88	42.83	38.66
Gain (Loss) On Sale of Investments	-42.5	-7.24	130.04	146.63	-3.7	-85.52
Stock-Based Compensation	-	-	-	-	0.05	0.82
Change in Accounts Receivable	437.27	786.99	1,210	-838.52	-1,079	-782.25
Change in Accounts Payable	-122.95	-45.25	-263.39	12.8	124.31	81.36
Change in Other Net Operating Assets	296.67	-118.57	-538.13	827.49	839.7	781.41
Other Operating Activities	0.76	23.49	-116.48	-29.06	77.18	-3.63
Operating Cash Flow	620.57	720.02	354.42	325.63	236.76	156.07
Capital Expenditures	-13.48	-26.18	-58.2	-3.55	-5.07	-7.22
Cash Acquisitions	-	-	-	-	-	-2.6
Sale (Purchase) of Intangibles	-4.13	-3.62	-0.11	-4.28	-2.73	-2.4
Investment in Securities	63.89	108.68	-74.3	-7.5	-5	-29.01
Other Investing Activities	-10.93	-3.41	-5.61	-14.43	-66.13	4.41
Investing Cash Flow	38.84	76.7	-136.09	-28.41	-78.01	-35.56
Short-Term Debt Issued	-	495.1	-	-	-	-
Long-Term Debt Issued	-	65.2	939.5	-	-	-
Total Debt Issued	95.5	560.3	939.5	-	-	-
Short-Term Debt Repaid	-	-	-186.12	-	-	-
Long-Term Debt Repaid	-	-1,395	-1,066	-32.41	-31.81	-27.13
Total Debt Repaid	-761.6	-1,395	-1,252	-32.41	-31.81	-27.13
Net Debt Issued (Repaid)	-666.1	-834.83	-312.48	-32.41	-31.81	-27.13
Issuance of Common Stock	-	-	-	-	78.2	-
Common Dividends Paid	-	-	-	-198.32	-160.8	-87.64
Financing Cash Flow	-666.1	-834.83	-312.48	-230.74	-114.42	-114.77
Net Cash Flow	-6.68	-38.12	-94.15	66.48	44.34	5.73
Free Cash Flow	607.09	693.84	296.22	322.08	231.69	148.85
Free Cash Flow Growth	28.39%	134.23%	-8.03%	39.01%	55.66%	-
Free Cash Flow Margin	128.77%	136.39%	184.38%	46.04%	25.56%	22.82%
Free Cash Flow Per Share	2.83	3.24	1.38	1.50	1.08	0.75
Cash Interest Paid	100.32	112.11	140.47	105.07	87.47	58.28
Cash Income Tax Paid	1.88	6.31	21.36	48.23	10.04	33.61

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