KLSE:MASTEEL Cash Flow Statement

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

Millions MYR. 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	8.65	16.99	2.4	19.07	32.5
Depreciation & Amortization	39.63	34.82	34.21	32.44	32.06
Loss (Gain) From Sale of Assets	-	-0.15	-0.13	-0.31	-0.17
Asset Writedown & Restructuring Costs	-	0.01	0.18	-	-
Loss (Gain) on Equity Investments	-3.44	-2.11	-3.6	-0.93	-0.15
Other Operating Activities	-0.57	18.38	2.74	3.73	13.13
Change in Accounts Receivable	-21.8	-52.67	-94.91	29.5	-10.73
Change in Inventory	-130.66	-68.8	-73.64	-63.47	-86.3
Change in Accounts Payable	202	67.77	128.84	16.95	42.6
Change in Other Net Operating Assets	-	-	-	-42.5	-20.03
Operating Cash Flow	93.83	14.24	-3.9	-5.51	2.92
Operating Cash Flow Growth	558.93%	-	-	-	-96.82%
Capital Expenditures	-137.58	-110.61	-26.99	-75.06	-38.34
Sale of Property, Plant & Equipment	-	0.2	0.14	0.28	0.17
Other Investing Activities	3.46	-0.45	4.94	-24.45	0.39
Investing Cash Flow	-134.12	-110.86	-21.92	-99.22	-37.78
Short-Term Debt Issued	-	112.48	85.38	52.16	-
Long-Term Debt Issued	100.61	31.78	20	75	17
Total Debt Issued	100.61	144.26	105.38	127.16	17
Short-Term Debt Repaid	-	-	-25	-	-18.46
Long-Term Debt Repaid	-	-41.72	-58.4	-43.78	-35.16
Total Debt Repaid	-	-41.72	-83.4	-43.78	-53.62
Net Debt Issued (Repaid)	100.61	102.54	21.98	83.38	-36.62
Issuance of Common Stock	13.82	4.28	-	-	90.91
Repurchase of Common Stock	-	-	-	-0.49	-0.1
Other Financing Activities	-0.2	-0.23	-0.36	-0.57	-0.52
Financing Cash Flow	114.24	106.59	21.62	82.33	53.68
Net Cash Flow	73.94	9.96	-4.19	-22.41	18.81
Free Cash Flow	-43.76	-96.37	-30.89	-80.57	-35.42
Free Cash Flow Margin	-1.64%	-3.84%	-1.54%	-4.53%	-2.24%
Free Cash Flow Per Share	-0.06	-0.14	-0.05	-0.10	-0.04
Cash Interest Paid	33.61	30.84	27.59	20.62	17.96
Cash Income Tax Paid	0.1	0.11	0.46	0.51	0.69
Levered Free Cash Flow	-68.31	-105.44	-31.46	-89.43	-46.87
Unlevered Free Cash Flow	-47.31	-86.16	-14.22	-76.54	-35.64
Change in Working Capital	49.54	-53.7	-39.71	-59.52	-74.46

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