Thai Wacoal 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	-134.78	24.28	78.48	102.94	-144.44
Depreciation & Amortization	72.28	82.54	85.3	89.99	105.45
Other Amortization	3.86	4.35	5.12	5.29	5.3
Loss (Gain) From Sale of Assets	-221.46	-39.54	-0.28	-1.96	-1.19
Loss (Gain) From Sale of Investments	-1.89	-2.68	2.3	-0.66	0.32
Loss (Gain) on Equity Investments	13.49	-6.21	-9.21	-8.73	15.14
Provision & Write-off of Bad Debts	-3.02	8.5	2.77	-	-
Other Operating Activities	40.23	-37.15	-13.58	-41.88	-100.52
Change in Accounts Receivable	243.37	-166.65	94.12	-15.7	-127.1
Change in Inventory	22.13	161.18	-129.14	137.61	352.92
Change in Accounts Payable	-25.08	-3.03	-74.37	70.59	-63.94
Change in Other Net Operating Assets	-99.63	-56.47	-49.13	-35.42	-29.72
Operating Cash Flow	-90.49	-30.88	-6.09	302.06	12.22
Operating Cash Flow Growth	-	-	-	2372.52%	-
Capital Expenditures	-31.76	-36.85	-66.38	-62.62	-28.06
Sale of Property, Plant & Equipment	693.08	83.49	2.6	5.53	9.47
Investment in Securities	-430.94	-16.21	-90.45	-102.89	194.7
Other Investing Activities	65.92	130.18	-35.52	53.09	59.03
Investing Cash Flow	346.3	160.62	-189.76	-131.88	260.14
Long-Term Debt Repaid	-21.1	-22.22	-20.51	-22.13	-25.16
Total Debt Repaid	-21.1	-22.22	-20.51	-22.13	-25.16
Net Debt Issued (Repaid)	-21.1	-22.22	-20.51	-22.13	-25.16
Common Dividends Paid	-72	-84	-84	-60	-60
Other Financing Activities	-0	-0.01	-0	-0	-0
Financing Cash Flow	-93.1	-106.23	-104.51	-82.13	-85.16
Foreign Exchange Rate Adjustments	-0.1	-0.18	2.03	-0.2	0.02
Net Cash Flow	162.6	23.32	-298.33	87.85	187.22
Free Cash Flow	-122.25	-67.73	-72.48	239.45	-15.84
Free Cash Flow Margin	-4.11%	-1.93%	-2.01%	6.08%	-0.49%
Free Cash Flow Per Share	-1.02	-0.56	-0.60	2.00	-0.13
Cash Interest Paid	-	-	-	-	0
Cash Income Tax Paid	-	-	-	-	0.18
Levered Free Cash Flow	107.85	27.89	-209.23	186.87	77.36
Unlevered Free Cash Flow	109.28	29.36	-208.22	187.62	78.2
Change in Working Capital	140.79	-64.97	-158.52	157.08	132.16

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