Page 70 - annual report AUCT 2025_Eng

Business Operation and Operating Results Corporate Governance Financial Statements Attachments
Owner's Equity
As of the end of the years between 2024 and 2025, the Company’s equity equaled Baht 564.77
million and Baht 501.71 million, respectively. In 2024 and 2025, the Company had a total paid-up capital
of 137.50 million Baht. The Company has always had profitable results.
Commitments and Contingent Liabilities as of 31 December 2025
1. The Company had outstanding commitments with respect to service agreements totaling
approximately Baht 4 million per month (2024: Baht 3 million).
2. The Company has entered into several long-term agreements to lease low-value assets. There
are payment commitments under these lease agreements of Baht 3 million (2024: Baht 2 million).
3. The Company had outstanding bank guarantees in the amount of Baht 18 million (2024: 17 million
Baht) which is related to the guarantee of electricity use and the operation guarantee according to auction
bids agreement.
4. The Company had an overdraft facility of Baht 102 million and letter of guarantee facilities totaling
Baht 48 million (2024: Baht 102 million and Baht 48 million, respectively) from financial institutions, which
were for use in the Company’s operations.
5. The Company has commitments to non-related companies and commercial banks under
agreements related to its arrangement of auctions covering a period from May 2006 to March 2028. The
Company is required to comply with significant terms in related agreements such as commission rates.
6. The company has a capital expenditure of Baht 15 million (2024: Baht 22 million)
Liquidity and Cash Flow Analysis
2023 (Unit: Million Baht)
2024 2025
597.41 641.48 454.05
Statement of cash flows Profit from Operating Activities before Changes to Assets and
Liability Operations
Net Cash Flows (used) in Operating Activities 709.87 405.04 286.88
Net Cash Flows (used) in Investing Activities 43.14 (178.09) 38.76
Net Cash Flows (used) in Financing Activities (408.30) (500.62) (368.09)
Net Increase (decrease) in Cash and Cash Equivalents 344.72 (273.68) (42.45)
Cash and Cash Equivalents as of ending period 443.09 169.41 126.96
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Annual Registration Statement / Annual Report 2025
(Form 56-1 One Report)