BKK:WPH 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	351.76	278.85	92.91	115.66	232.29
Depreciation & Amortization	167.05	147.75	117.8	78.31	72.28
Other Amortization	-	2.41	1.71	1.07	1.11
Loss (Gain) From Sale of Assets	1.72	1.59	0.78	2.11	0.73
Provision & Write-off of Bad Debts	3.62	3.76	2.78	0.35	0.95
Other Operating Activities	62.2	70.45	33.86	2.28	59.73
Change in Accounts Receivable	-76.62	-40.57	22.59	232.71	-370.78
Change in Inventory	-8.63	-2.53	-15.18	-1.16	-7.59
Change in Accounts Payable	31.34	17.33	39.87	-39.89	77.91
Change in Other Net Operating Assets	2.75	-2.59	-19.83	16.98	-6.06
Operating Cash Flow	535.19	476.44	277.28	408.42	60.56
Operating Cash Flow Growth	12.33%	71.82%	-32.11%	574.39%	92.02%
Capital Expenditures	-860.46	-352.79	-492.49	-522.79	-120.14
Sale of Property, Plant & Equipment	26.46	0.82	16.96	1.3	0.08
Sale (Purchase) of Intangibles	-0.56	-8.66	-8.09	-5.94	-0.3
Other Investing Activities	28.52	-1.99	14.76	0.39	0.13
Investing Cash Flow	-803.03	-362.27	-470.26	-526.2	-120.18
Short-Term Debt Issued	559.5	651.31	370	418	353.5
Long-Term Debt Issued	472.61	56.7	216.58	270.25	127.51
Total Debt Issued	1,032	708.01	586.58	688.25	481.01
Short-Term Debt Repaid	-479	-848.31	-185	-450	-350.5
Long-Term Debt Repaid	-252.86	-176.53	-87.29	-45.42	-18.14
Total Debt Repaid	-731.86	-1,025	-272.29	-495.42	-368.64
Net Debt Issued (Repaid)	300.25	-316.83	314.29	192.83	112.36
Issuance of Common Stock	-	300	-	-	-
Common Dividends Paid	-1.5	-66	-66	-60	-22.56
Other Financing Activities	33.4	-42.12	-17.67	-15.07	-16.8
Financing Cash Flow	332.16	-124.94	230.63	117.76	73
Net Cash Flow	64.31	-10.78	37.64	-0.02	13.38
Free Cash Flow	-325.27	123.65	-215.2	-114.37	-59.58
Free Cash Flow Margin	-13.87%	6.05%	-14.65%	-9.92%	-4.83%
Free Cash Flow Per Share	-0.46	0.18	-0.33	-0.18	-0.09
Cash Interest Paid	37.87	45.35	42.17	15.07	13.85
Cash Income Tax Paid	50.4	38.46	32.02	44.75	7.97
Levered Free Cash Flow	-449.56	-46.68	-316.5	-80.65	-152.72
Unlevered Free Cash Flow	-425.88	-18.35	-290.11	-71.26	-144.01
Change in Working Capital	-51.16	-28.36	27.45	208.64	-306.52

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