TSTE PCL (BKK:TSTE)

TSTE PCL Cash Flow Statement

Financials in millions THB. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	150.7	141.39	102.38	127.37	155.14	149.18
Depreciation & Amortization	146.86	144.95	137.89	127.42	126.73	122.69
Loss (Gain) From Sale of Assets	0.62	1.46	4.88	-0.56	-0.85	-2.71
Asset Writedown & Restructuring Costs	-	-	-	-	5.1	0.44
Loss (Gain) From Sale of Investments	0.17	-0.06	-0.01	0.01	0.01	0.01
Loss (Gain) on Equity Investments	2.55	2.76	4.51	12.2	1.57	-
Provision & Write-off of Bad Debts	0.19	-0.4	-2.08	-5.57	1.16	0.31
Other Operating Activities	53.46	61.31	48.61	46.53	52.48	36.78
Change in Accounts Receivable	-4.47	-22.39	1.8	3.58	-69.35	-19.1
Change in Inventory	21.72	144.11	-63.05	231.07	-244.64	-412.3
Change in Accounts Payable	1.4	122.08	146.91	-387.03	376.83	24.51
Change in Other Net Operating Assets	-5.11	7.05	-3.62	-8.59	15.06	-1.41
Operating Cash Flow	368.08	602.26	378.21	146.42	419.24	-101.59
Operating Cash Flow Growth	-3.59%	59.24%	158.30%	-65.08%	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-127.23	-111.38	-256.05	-225.23	-86.88	-36.67
Sale of Property, Plant & Equipment	0.7	1.47	1.74	1.1	2.03	6.12
Cash Acquisitions	-0.06	-0.02	-	-79.3	-240.6	-
Sale (Purchase) of Real Estate	-38.24	-34.28	-104.42	-26.73	-37.51	-0.9
Investment in Securities	-1.19	-1.59	0.35	-9.37	-33.12	-
Other Investing Activities	2	-	-	-	-	-
Investing Cash Flow	-168.02	-149.8	-361.39	-343.04	-373.59	-31.46

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	45.32	0.5	194.44	226.55	310.62
Long-Term Debt Issued	-	52.82	732.97	192.7	-	-
Total Debt Issued	159.65	98.14	733.47	387.14	226.55	310.62
Short-Term Debt Repaid	-	-	-245.94	-	-	-
Long-Term Debt Repaid	-	-275.43	-333.09	-109.28	-52.59	-62.64
Total Debt Repaid	-212.07	-275.43	-579.03	-109.28	-52.59	-62.64
Net Debt Issued (Repaid)	-52.42	-177.29	154.44	277.86	173.96	247.98
Common Dividends Paid	-53.67	-53.67	-38.33	-76.67	-76.67	-67.08
Other Financing Activities	-64.14	-82.86	-98.73	-64.35	-101.65	-37.31
Financing Cash Flow	-170.23	-313.82	17.37	136.85	-4.36	143.59

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	0	0	-0.23	-	-	-
Net Cash Flow	29.84	138.64	33.97	-59.77	41.29	10.54

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	240.86	490.88	122.17	-78.81	332.36	-138.26
Free Cash Flow Growth	-7.59%	301.82%	-	-	-	-
Free Cash Flow Margin	9.30%	18.79%	4.68%	-2.93%	12.86%	-6.82%
Free Cash Flow Per Share	0.63	1.28	0.32	-0.21	0.87	-0.36
Levered Free Cash Flow	126.43	378.3	26.06	-129.83	181.26	-189.04
Unlevered Free Cash Flow	151.73	405.27	57.61	-104.42	192.57	-182.97

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	44.57	48.54	56.32	37.59	16.27	8.39
Cash Income Tax Paid	33.9	32.24	27.18	55.28	55.65	48.67
Change in Working Capital	13.54	250.85	82.04	-160.97	77.9	-408.3

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 9, 2026

Data Sources Report a data error