Pan Merchant Berhad Cash Flow Statement

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

Millions MYR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Net Income	-0.43	4.97	7.68
Depreciation & Amortization	3.52	3.57	3.32
Loss (Gain) From Sale of Assets	-0.04	-0.04	-0.1
Asset Writedown & Restructuring Costs	0	0	0.01
Provision & Write-off of Bad Debts	-0.13	-0.13	0.21
Other Operating Activities	-4.72	-2.44	1.01
Change in Accounts Receivable	5.91	15.77	-0.05
Change in Inventory	-4.19	-2.83	1.99
Change in Accounts Payable	0.76	-3.48	2.56
Change in Unearned Revenue	-0.72	-6.73	-1.84
Change in Other Net Operating Assets	-0.66	0.48	-3.09
Operating Cash Flow	-0.91	9.15	11.7
Operating Cash Flow Growth	-	-21.86%	-
Capital Expenditures	-0.91	-1.06	-2.19
Sale of Property, Plant & Equipment	0.36	0.32	0.1
Investment in Securities	-25.93	-20.36	-
Other Investing Activities	-9.2	-9.38	-0.65
Investing Cash Flow	-35.68	-30.47	-2.74
Short-Term Debt Issued	-	1.2	3.02
Total Debt Issued	3.84	1.2	3.02
Short-Term Debt Repaid	-	-19.3	-1.11
Long-Term Debt Repaid	-	-1.86	-2.15
Total Debt Repaid	-16.56	-21.16	-3.26
Net Debt Issued (Repaid)	-12.71	-19.96	-0.24
Issuance of Common Stock	62.69	62.69	-
Other Financing Activities	-3.55	-3.54	-1.84
Financing Cash Flow	46.43	39.19	-2.08
Foreign Exchange Rate Adjustments	0.12	0.77	-0.08
Net Cash Flow	9.96	18.63	6.8
Free Cash Flow	-1.82	8.09	9.52
Free Cash Flow Growth	-	-15.00%	-
Free Cash Flow Margin	-1.59%	6.42%	6.72%
Free Cash Flow Per Share	-0.00	0.01	0.01
Cash Interest Paid	1.05	1.04	1.84
Cash Income Tax Paid	4.92	3.42	5.57
Levered Free Cash Flow	-	8.49	-
Unlevered Free Cash Flow	-	9.2	-
Change in Working Capital	1.1	3.21	-0.43