Page 71 - annual report AUCT 2025_Eng

Business Operation and Operating Results Corporate Governance Financial Statements Attachments
In 2023 - 2025, the Company’s net cash flow is derived from operating activities in the amount of
Baht 709.87 million, Baht 405.04 million, and Baht 286.88 million, respectively. Changes in revolving money
are due to an increase in net profit and are also due to changes in receivables and payables that were
not due at the end of the period yet.
The Company has a net cash flow used in investing activities in the year 2025 equal to Baht 38.76
million. This was mainly due to an increase of Baht 170 million in net cash received from other current
financial assets.
In 2025, the Company had net cash flows used in financing activities that equaled Baht 368.09
million, most of them were dividend payments and financial lease agreement liabilities payments.
Overall, the Company's cash flow mainly comes from operating activities, during 2023 - 2025 has
changed due to the Company had a net cash flow increased by Baht 344.72 million, decreased by Baht
273.68 million, and decreased by Baht 42.45 million, respectively. Resulting in the Company had cash
and cash equivalents at the end of 2025 equaled decreased by Baht 126.96 million. The Company has a
stable financial position and high liquidity as well as sufficient access to a variety of funding sources.
Factors or Circumstances that May Affect Financial Position or Operations
There are internal and external factors that may affect the operations. External factors included
changes in overall economic conditions, interest rate levels, stringent loan approval of the financial institutions
and confidence of consumers and business sectors as well as the slowdown in new vehicles sales as all
of them directly affect the number of receiving vehicles. In addition, the purchasing power of customers
and dealers and the working capital management may lead to reduced final bidding prices and longer
selling periods. Ongoing debtor assistance measures and debt restructuring policies may also affect the
slowdown of receiving vehicles. However, despite the overall pressures from these measures, high level
with increased tendency of household debts and personal loans having license plate registration as collateral
that continued expanding are still factors that may result in the remaining direction of the amount of receiving
vehicles into the auction business. At the same time, internal factors that are significant to the operations
include the quality, accuracy, and transparency of vehicle information, particularly the vehicle grading
processes and complete disclosure of information to enhance confidence and facilitate customers to make
a more confident and faster purchasing decision. If there is a discrepancy in the information, it can lead
to an increased compensation. Additionally, the availability of technology and information management
systems including online auction systems to improve customer convenience are regarded as factors affecting
competitiveness. However, the stability of the online auction systems and the information security risk
management are very crucial. If a cyber security incident occurs, it can also affect customer service and
confidence.
บริิษััท สหการประมููล จำำากัด (มหาชน)
Union Auction Public Company Limited
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