BDO Unibank Cash Flow Statement

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

Millions PHP. 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	Jan '23 Jan 1, 2023	Dec '21 Dec 31, 2021
Net Income	87,174	82,019	73,411	57,054	42,791
Depreciation & Amortization	10,659	10,030	9,739	8,425	7,856
Other Amortization	2,262	2,141	2,917	1,343	1,342
Gain (Loss) on Sale of Investments	16,369	12,909	15,756	17,150	16,303
Total Asset Writedown	409	-252	68	-157	33
Change in Trading Asset Securities	-7,267	-11,845	-794	4,626	-10,287
Change in Other Net Operating Assets	-483,861	-370,735	-275,800	-226,386	-134,729
Other Operating Activities	2,327	-3,082	6,434	-6,703	-5,148
Operating Cash Flow	-372,367	-279,244	-168,646	-145,497	-82,653
Capital Expenditures	-12,630	-9,634	-6,843	-3,888	-3,853
Sale of Property, Plant and Equipment	115	139	111	285	158
Investment in Securities	-102,499	-29,242	-201,991	-105,021	-87,206
Income (Loss) Equity Investments	-1,661	-1,397	-1,273	-849	-814
Investing Cash Flow	-115,014	-38,737	-208,723	-108,624	-90,901
Long-Term Debt Issued	342,978	298,109	187,614	140,241	127,859
Long-Term Debt Repaid	-260,808	-236,567	-202,683	-158,616	-143,143
Net Debt Issued (Repaid)	82,170	61,542	-15,069	-18,375	-15,284
Issuance of Common Stock	880	521	549	144	133
Common Dividends Paid	-22,867	-19,765	-15,800	-5,528	-5,263
Preferred Dividends Paid	-408	-407	-407	-339	-340
Total Dividends Paid	-23,275	-20,172	-16,207	-5,867	-5,603
Net Increase (Decrease) in Deposit Accounts	395,595	226,483	343,249	398,047	210,839
Other Financing Activities	21	-109	-	-2	-
Financing Cash Flow	455,391	268,265	312,522	369,561	190,085
Net Cash Flow	-31,990	-49,716	-64,847	115,440	16,531
Free Cash Flow	-384,997	-288,878	-175,489	-149,385	-86,506
Free Cash Flow Margin	-140.96%	-115.52%	-77.14%	-83.18%	-49.22%
Free Cash Flow Per Share	-71.64	-53.88	-32.73	-27.81	-16.13
Cash Interest Paid	90,176	82,753	53,774	19,959	13,039
Cash Income Tax Paid	19,267	18,642	20,076	13,640	13,213

Source: S&P Global Market Intelligence. Banks template. Financial Sources.