BKK:BAREIT Cash Flow Statement

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

Millions THB. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	894.31	882.66	842.37	544.7	843.77
Depreciation & Amortization	37.81	31.31	0.1	-28.58	-29.75
Asset Writedown	-0.51	4.69	6.1	289.91	-
Change in Accounts Receivable	0.29	0.06	-0.01	-0.13	-14.16
Change in Other Net Operating Assets	-1.19	-5.81	1.04	-4.2	-242.62
Other Operating Activities	197.45	204.81	242.52	234.17	-43,178
Operating Cash Flow	1,128	1,118	1,092	1,036	-42,621
Operating Cash Flow Growth	2.61%	2.34%	5.43%	-	-
Total Debt Issued	-	-	-	-	12,985
Long-Term Debt Repaid	-	-162.65	-21.75	-13.05	-
Net Debt Issued (Repaid)	-164.28	-162.65	-21.75	-13.05	12,985
Issuance of Common Stock	-	-	-	-	30,990
Repurchase of Common Stock	-	-	-	-190.07	-
Common Dividends Paid	-816.07	-804.71	-758.22	-598.21	-
Other Financing Activities	-193.02	-200.49	-242.45	-305.53	-535.3
Net Cash Flow	-45.19	-50.12	69.69	-71	818.58
Cash Interest Paid	200.49	200.49	242.45	251.23	187.56
Levered Free Cash Flow	597.67	582.11	531.8	438.54	-
Unlevered Free Cash Flow	721.08	710.12	684.87	599.23	-
Change in Working Capital	-0.89	-5.74	1.03	-4.33	-256.77

Source: S&P Capital IQ. Real Estate template. Financial Sources.