Raslag 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	510.72	66.03	137.31	147.12	116.22
Depreciation & Amortization	183.98	127.29	114.11	98.01	81.23
Loss (Gain) on Sale of Assets	-325.05	-	-	-	-
Loss (Gain) on Sale of Investments	-	-0.48	-1.55	8.45	0.25
Change in Accounts Receivable	-113.29	-58.75	22.5	5.68	-3.97
Change in Accounts Payable	27.65	-8.79	11.75	57.42	-29.23
Change in Other Net Operating Assets	-3.97	95.36	-113	-132.46	-37.62
Other Operating Activities	156.7	82.6	64.56	24.38	29.83
Operating Cash Flow	436.73	303.26	235.68	208.61	156.71
Operating Cash Flow Growth	44.01%	28.67%	12.98%	33.11%	-36.83%
Capital Expenditures	-142.61	-919.32	-791.57	-598.64	-441.18
Sale of Property, Plant & Equipment	-	-	-	-	0.72
Sale (Purchase) of Intangibles	-2.66	-	-	-	-
Investment in Securities	-1	34.75	-	-	-
Investing Cash Flow	172.55	-884.57	-791.57	-598.64	-440.46
Short-Term Debt Issued	-	27	70	130	215
Long-Term Debt Issued	100	600	1,000	203	397
Total Debt Issued	100	627	1,070	333	612
Short-Term Debt Repaid	-	-27	-70	-130	-315
Long-Term Debt Repaid	-604.14	-302.96	-145.26	-125.63	-125.45
Total Debt Repaid	-604.14	-329.96	-215.26	-255.63	-440.45
Net Debt Issued (Repaid)	-504.14	297.04	854.74	77.37	171.55
Issuance of Common Stock	-	-	-	671.64	150
Common Dividends Paid	-75	-75	-75	-50.1	-150
Other Financing Activities	-155.26	-134.12	-86.09	-39.45	-36.46
Financing Cash Flow	-34.4	87.92	693.65	659.46	135.08
Foreign Exchange Rate Adjustments	0.6	0.69	-0.07	12.37	11.02
Net Cash Flow	575.48	-492.71	137.69	281.8	-137.65
Free Cash Flow	294.12	-616.06	-555.89	-390.03	-284.47
Free Cash Flow Margin	40.64%	-140.37%	-119.86%	-101.64%	-97.50%
Free Cash Flow Per Share	0.19	-0.41	-0.37	-0.29	-0.27
Cash Interest Paid	-	134.12	86.09	39.45	36.46
Cash Income Tax Paid	-	12.12	20.9	3.73	0.08
Levered Free Cash Flow	90.15	-781.88	-357.04	-776.46	-219.88
Unlevered Free Cash Flow	180.23	-730.13	-311.9	-757.28	-190.96
Change in Working Capital	-89.62	27.82	-78.75	-69.35	-70.82

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