Vanachai Group 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	-601.72	230.2	26.66	716.69	1,294
Depreciation & Amortization	1,051	1,103	1,155	1,145	1,039
Other Amortization	-	6.6	3.99	2.83	3.48
Loss (Gain) From Sale of Assets	-1.33	-274.02	-25.71	-41.53	63.23
Asset Writedown & Restructuring Costs	4.19	1.94	4.84	64.27	5.69
Provision & Write-off of Bad Debts	4.2	2.99	-1.81	-1.2	-
Other Operating Activities	344.28	459.26	512.04	435.32	350.78
Change in Accounts Receivable	-153.32	-82.14	235.05	151.15	-457.42
Change in Inventory	80.77	342.27	238.31	-585.17	-338.58
Change in Accounts Payable	-255.25	-95.37	-170.45	-402.44	535.18
Change in Other Net Operating Assets	-276.92	665.88	-566.74	381.35	-78.31
Operating Cash Flow	196.06	2,361	1,411	1,866	2,417
Operating Cash Flow Growth	-91.70%	67.35%	-24.39%	-22.81%	455.86%
Capital Expenditures	-1,595	-454.91	-494.5	-795.07	-816.04
Sale of Property, Plant & Equipment	19.14	298.66	258.5	59.87	22.76
Sale (Purchase) of Intangibles	-9.94	-76.09	-23.82	-18.12	-4.59
Other Investing Activities	40.37	-0.11	-21.6	-1.05	-1.17
Investing Cash Flow	-1,546	-232.45	-281.42	-754.38	-799.03
Short-Term Debt Issued	959.35	-	-	618.22	-
Long-Term Debt Issued	1,464	400	577.14	275	422
Total Debt Issued	2,423	400	577.14	893.22	422
Short-Term Debt Repaid	-	-272.08	-384.21	-	-610.88
Long-Term Debt Repaid	-1,287	-1,112	-1,464	-1,123	-602.15
Total Debt Repaid	-1,287	-1,384	-1,848	-1,123	-1,213
Net Debt Issued (Repaid)	1,136	-983.67	-1,271	-229.74	-791.02
Common Dividends Paid	-86.76	-121.46	-173.52	-694.09	-173.52
Other Financing Activities	-354.67	-415.11	-405.53	-314.01	-267.56
Financing Cash Flow	694.88	-1,520	-1,850	-1,238	-1,232
Net Cash Flow	-654.7	608.42	-720.48	-126.22	386.14
Free Cash Flow	-1,399	1,906	916.38	1,071	1,601
Free Cash Flow Growth	-	108.01%	-14.43%	-33.12%	-
Free Cash Flow Margin	-12.38%	14.08%	6.48%	8.15%	12.33%
Free Cash Flow Per Share	-0.81	1.10	0.53	0.62	0.92
Cash Interest Paid	-	415.11	399.57	308.05	267.56
Cash Income Tax Paid	-	105.34	91.08	72.71	4.54
Levered Free Cash Flow	-1,203	1,076	725.57	419.75	576.34
Unlevered Free Cash Flow	-968.95	1,353	989.6	625.77	758.84
Change in Working Capital	-604.72	830.64	-263.83	-455.11	-339.13

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