Altus Property Ventures 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	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	155.83	152.8	139.13	107.96	64.84
Depreciation & Amortization	13.32	10.83	10.58	11.39	8.67
Change in Accounts Receivable	-6.06	-9.2	1.82	35.64	-31.41
Change in Accounts Payable	4.42	-5.32	13.72	7.66	15.07
Change in Other Net Operating Assets	-6.51	10.08	-2.99	3.51	11.56
Other Operating Activities	0.65	0.11	-1.74	1.16	2.29
Operating Cash Flow	161.66	159.31	160.52	167.31	71.02
Operating Cash Flow Growth	1.48%	-0.75%	-4.06%	135.58%	43.09%
Acquisition of Real Estate Assets	-20.9	-16.89	-1.72	-7.47	-5.76
Net Sale / Acq. of Real Estate Assets	-20.9	-16.89	-1.72	-7.47	-5.76
Investing Cash Flow	-23.56	-20.73	-1.72	-7.47	-5.76
Net Cash Flow	138.1	138.58	158.79	159.84	65.26
Cash Income Tax Paid	33.73	32.6	29.2	27.27	14.4
Levered Free Cash Flow	115.27	88.25	106.67	132.74	58.67
Unlevered Free Cash Flow	116.02	88.63	106.83	132.89	58.75
Change in Working Capital	-8.15	-4.44	12.54	46.81	-4.78

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.