Raslag Cash Flow Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	301.98	66.03	137.31	147.12	116.22	178.8
Depreciation & Amortization	177.89	127.29	114.11	98.01	81.23	82.77
Loss (Gain) on Sale of Investments	-	-0.48	-1.55	8.45	0.25	-0.23
Change in Accounts Receivable	-52.59	-58.75	22.5	5.68	-3.97	-106.96
Change in Accounts Payable	33.04	-8.79	11.75	57.42	-29.23	11.79
Change in Other Net Operating Assets	78.14	95.36	-113	-132.46	-37.62	8.12
Other Operating Activities	149.14	82.6	64.56	24.38	29.83	73.79
Operating Cash Flow	370.62	303.26	235.68	208.61	156.71	248.09
Operating Cash Flow Growth	28.51%	28.67%	12.98%	33.11%	-36.83%	-9.20%
Capital Expenditures	-213.17	-919.32	-791.57	-598.64	-441.18	-42.85
Sale of Property, Plant & Equipment	-	-	-	-	0.72	-
Investment in Securities	1.24	34.75	-	-	-	-
Investing Cash Flow	105.7	-884.57	-791.57	-598.64	-440.46	-42.85
Short-Term Debt Issued	-	27	70	130	215	100
Long-Term Debt Issued	-	600	1,000	203	397	-
Total Debt Issued	427	627	1,070	333	612	100
Short-Term Debt Repaid	-	-27	-70	-130	-315	-4.8
Long-Term Debt Repaid	-	-302.96	-145.26	-125.63	-125.45	-125.45
Total Debt Repaid	-381.29	-329.96	-215.26	-255.63	-440.45	-130.26
Net Debt Issued (Repaid)	45.71	297.04	854.74	77.37	171.55	-30.26
Issuance of Common Stock	-	-	-	671.64	150	187.5
Common Dividends Paid	-75	-75	-75	-50.1	-150	-50
Other Financing Activities	-149.67	-134.12	-86.09	-39.45	-36.46	-52.12
Financing Cash Flow	-178.96	87.92	693.65	659.46	135.08	55.12
Foreign Exchange Rate Adjustments	0.4	0.69	-0.07	12.37	11.02	-13.83
Net Cash Flow	297.75	-492.71	137.69	281.8	-137.65	246.53
Free Cash Flow	157.45	-616.06	-555.89	-390.03	-284.47	205.24
Free Cash Flow Growth	-	-	-	-	-	-3.63%
Free Cash Flow Margin	29.78%	-140.37%	-119.86%	-101.64%	-97.50%	51.84%
Free Cash Flow Per Share	0.10	-0.41	-0.37	-0.29	-0.27	0.23
Cash Interest Paid	149.67	134.12	86.09	39.45	36.46	52.12
Cash Income Tax Paid	48.74	12.12	20.9	3.73	0.08	0.06
Levered Free Cash Flow	-164.53	-781.88	-357.04	-776.46	-219.88	179.98
Unlevered Free Cash Flow	-73.22	-730.13	-311.9	-757.28	-190.96	209.39
Change in Working Capital	58.59	27.82	-78.75	-69.35	-70.82	-87.05

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.