Trinity Watthana 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	-79.43	0.51	-353.4	178.4	250.14
Depreciation & Amortization, Total	54.26	50.71	49.46	40.88	42.83
Gain (Loss) On Sale of Investments	-3.15	-7.24	130.04	146.63	-3.7
Stock-Based Compensation	-	-	-	-	0.05
Change in Accounts Receivable	402.29	925.24	1,210	-838.52	-1,079
Change in Accounts Payable	-19.29	-45.25	-263.39	12.8	124.31
Change in Other Net Operating Assets	230.45	-78.42	-538.13	827.49	839.7
Other Operating Activities	-120.67	-119.91	-116.48	-29.06	77.18
Operating Cash Flow	495.85	755.02	354.42	325.63	236.76
Capital Expenditures	-5.64	-26.18	-58.2	-3.55	-5.07
Sale (Purchase) of Intangibles	-4.86	-3.62	-0.11	-4.28	-2.73
Investment in Securities	-	108.68	-74.3	-7.5	-5
Other Investing Activities	0.1	-3.41	-5.61	-14.43	-66.13
Investing Cash Flow	-7.44	76.7	-136.09	-28.41	-78.01
Short-Term Debt Issued	43	495.1	-	-	-
Long-Term Debt Issued	-	65.2	939.5	-	-
Total Debt Issued	43	560.3	939.5	-	-
Short-Term Debt Repaid	-95	-35	-186.12	-	-
Long-Term Debt Repaid	-422.06	-1,395	-1,066	-32.41	-31.81
Total Debt Repaid	-517.06	-1,430	-1,252	-32.41	-31.81
Net Debt Issued (Repaid)	-474.06	-869.83	-312.48	-32.41	-31.81
Issuance of Common Stock	-	-	-	-	78.2
Common Dividends Paid	-	-	-	-198.32	-160.8
Financing Cash Flow	-474.06	-869.83	-312.48	-230.74	-114.42
Net Cash Flow	14.34	-38.12	-94.15	66.48	44.34
Free Cash Flow	490.21	728.84	296.22	322.08	231.69
Free Cash Flow Growth	-32.74%	146.04%	-8.03%	39.01%	55.66%
Free Cash Flow Margin	122.53%	143.27%	184.38%	46.04%	25.56%
Free Cash Flow Per Share	2.29	3.40	1.38	1.50	1.08
Cash Interest Paid	89.87	112.11	140.47	105.07	87.47
Cash Income Tax Paid	0.07	6.31	21.36	48.23	10.04

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