ZEN Corporation Group PCL (BKK:ZEN)

ZEN Corporation Group 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	48.74	45.84	56.87	157.6	153.91	-91.57
Depreciation & Amortization	385.29	386.87	425.7	376.74	337.81	355.51
Other Amortization	2.42	2.42	5.98	8.09	10.31	7.94
Loss (Gain) From Sale of Assets	28.96	35.06	4.09	2.48	15.78	3.6
Asset Writedown & Restructuring Costs	-0.68	0.61	3.48	-1.62	-6.19	13.34
Loss (Gain) From Sale of Investments	-	-	-	-	1.86	-
Loss (Gain) on Equity Investments	-	-	-	-	2.03	1.95
Provision & Write-off of Bad Debts	-4.36	-4.33	11.86	6.06	1.05	4.37
Other Operating Activities	52.97	60.11	63.89	55.29	36.41	-141.44
Change in Accounts Receivable	3.36	12.09	-13.79	-33.26	3.16	6.21
Change in Inventory	17.34	-22.61	-90.39	-119.98	-59.55	-34.87
Change in Accounts Payable	-10.78	-6.58	-95.87	22.09	-7.59	66.62
Change in Unearned Revenue	20.14	22.64	39.61	31.88	30.13	66.31
Change in Other Net Operating Assets	-4.76	5.44	-3.88	-27.93	3.4	-18.18
Operating Cash Flow	538.63	537.56	407.56	477.43	522.52	239.79
Operating Cash Flow Growth	42.07%	31.90%	-14.64%	-8.63%	117.91%	-24.18%

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	-94.93	-86.37	-134.9	-295.39	-229.83	-55.32
Sale of Property, Plant & Equipment	7.62	7.39	26.72	3.41	0.56	6.56
Cash Acquisitions	-	-	-	-	-57.53	-40.1
Investment in Securities	-	-	-	-	-	-3.38
Other Investing Activities	-2.66	-3.13	-0.56	-1.23	-0.79	-1.22
Investing Cash Flow	-89.98	-82.11	-108.73	-293.21	-287.6	-93.46

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	-	827.52	834.25	493.11	280.73	50
Total Debt Issued	811.3	827.52	834.25	493.11	280.73	50
Short-Term Debt Repaid	-	-821.18	-713.27	-403.75	-244.42	-50
Long-Term Debt Repaid	-	-248.96	-256.85	-230.76	-178.64	-109.79
Total Debt Repaid	-1,020	-1,070	-970.12	-634.51	-423.06	-159.79
Net Debt Issued (Repaid)	-209.04	-242.63	-135.87	-141.4	-142.33	-109.79
Repurchase of Common Stock	-	-	-14.09	-	-	-
Common Dividends Paid	-50.69	-50.69	-89.9	-48	-	-
Other Financing Activities	-74.77	-65.14	-64.76	-42.15	-32.7	-37.55
Financing Cash Flow	-334.5	-358.46	-304.61	-231.55	-175.03	-147.34

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
Net Cash Flow	114.16	96.98	-5.78	-47.34	59.89	-1.01

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	443.7	451.19	272.66	182.04	292.69	184.47
Free Cash Flow Growth	59.56%	65.47%	49.79%	-37.80%	58.67%	-25.63%
Free Cash Flow Margin	11.33%	11.34%	6.66%	4.61%	8.58%	8.18%
Free Cash Flow Per Share	1.50	1.51	0.91	0.61	0.98	0.61
Levered Free Cash Flow	312.26	319.41	188.62	103.88	149.95	253.15
Unlevered Free Cash Flow	345.8	354.05	224.5	130.22	170.39	276.62

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	64.97	55.34	57.41	42.15	32.7	37.55
Cash Income Tax Paid	10.25	10.92	10.71	15.45	16.11	3.7
Change in Working Capital	25.29	10.98	-164.31	-127.21	-30.45	86.09

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