Cityland Development Cash Flow Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	783.54	658.72	783.14	882.56	1,030	585.05
Depreciation & Amortization	57.49	58.12	59.27	58.32	57.85	60.19
Other Operating Activities	178.76	71.89	-17.92	110.95	314.55	138.09
Change in Accounts Receivable	-698.47	-485.51	378.68	253.37	-662.77	28.34
Change in Inventory	-306.29	-151.58	-1,053	-370.57	106.19	-455.34
Change in Accounts Payable	528.81	266.64	106.64	-267.91	139.66	190.39
Change in Unearned Revenue	-152.33	-63.93	210.07	-229.78	-144.99	-88.31
Change in Other Net Operating Assets	-200.15	40.63	22.65	54.65	-170.23	10.58
Operating Cash Flow	191.37	394.96	489.84	491.6	670.66	468.99
Operating Cash Flow Growth	-3.34%	-19.37%	-0.36%	-26.70%	43.00%	26.11%
Capital Expenditures	-	-	-1.1	-9.99	-	-0.52
Sale (Purchase) of Real Estate	-24.95	-25.04	-58.91	-250.22	-818.42	-25.41
Investment in Securities	11	299.6	-556.2	-542.71	603.81	-520.27
Other Investing Activities	59.52	186.81	859.61	43.76	-124	-1,004
Investing Cash Flow	45.57	461.37	243.4	-759.16	-338.61	-1,550
Short-Term Debt Issued	-	3,731	4,825	5,413	6,691	5,469
Total Debt Issued	2,532	3,731	4,825	5,413	6,691	5,469
Short-Term Debt Repaid	-	-4,657	-4,672	-5,348	-6,514	-5,602
Long-Term Debt Repaid	-	-5.32	-5.2	-5.14	-5.06	-4.55
Total Debt Repaid	-3,420	-4,662	-4,677	-5,353	-6,519	-5,607
Net Debt Issued (Repaid)	-888.58	-931.12	148.1	60.01	171.59	-137.85
Common Dividends Paid	-206.12	-206.12	-262.92	-211.49	-128.03	-106.69
Other Financing Activities	-11.38	-14.46	-13.74	-1.62	-1.52	-1.57
Financing Cash Flow	-1,106	-1,152	-128.56	-153.1	42.05	-246.1
Net Cash Flow	-869.13	-295.36	604.68	-420.66	374.1	-1,327
Free Cash Flow	191.37	394.96	488.74	481.61	670.66	468.47
Free Cash Flow Growth	-2.80%	-19.19%	1.48%	-28.19%	43.16%	28.31%
Free Cash Flow Margin	6.67%	15.40%	21.06%	17.11%	21.49%	24.74%
Free Cash Flow Per Share	0.04	0.08	0.10	0.10	0.14	0.09
Cash Interest Paid	14.46	14.46	13.74	1.62	1.52	1.57
Cash Income Tax Paid	169.92	169.92	266.29	234.27	267.14	114.68
Levered Free Cash Flow	702.3	1,112	619.58	-576.61	-148.16	-690.39
Unlevered Free Cash Flow	722.81	1,131	641.88	-575.12	-147	-689.23
Change in Working Capital	-828.43	-393.76	-334.66	-560.24	-732.14	-314.34

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