Citicore Renewable Energy Income 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
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
Revenue	5,582	5,146	3,684	2,790	1,009
Revenue Growth (YoY)	25.50%	39.68%	32.03%	176.61%	-
Operations & Maintenance	26.5	30.84	9.39	15.36	10.63
Selling, General & Admin	142.62	113.79	91.49	94.22	166.5
Depreciation & Amortization	4.07	5.19	7.78	6	-
Other Operating Expenses	3,717	3,410	2,501	1,695	481.14
Total Operating Expenses	3,891	3,560	2,609	1,811	658.26
Operating Income	1,692	1,586	1,074	979.31	350.46
Interest Expense	-367.37	-450.84	-412.01	-343.31	-223.18
Interest Income	123.95	27.44	50.07	17.67	15.43
Net Interest Expense	-243.42	-423.4	-361.94	-325.64	-207.75
Income (Loss) on Equity Investments	-90.97	-57.52	218.12	206.69	-2.5
Currency Exchange Gain (Loss)	10.29	-0.9	0.01	-0.05	-0.03
Other Non-Operating Income (Expenses)	44.3	45.24	4.17	-17.71	6.95
EBT Excluding Unusual Items	1,412	1,149	934.8	842.61	147.13
Gain (Loss) on Sale of Assets	-	-	-	-	3.86
Asset Writedown	-4.95	-4.95	1.14	2.84	-
Other Unusual Items	-2.2	-2.75	-0.02	-1.96	33.19
Pretax Income	1,405	1,142	935.92	843.49	184.18
Income Tax Expense	182.06	129.85	25.81	9.87	-8.1
Earnings From Continuing Ops.	1,223	1,012	910.11	833.62	192.28
Minority Interest in Earnings	-393.64	-393.63	-225.16	-202.01	-
Net Income	828.99	618.28	684.95	631.61	192.28
Net Income to Common	828.99	618.28	684.95	631.61	192.28
Net Income Growth	35.59%	-9.73%	8.45%	228.48%	-
Shares Outstanding (Basic)	9,543	8,155	7,143	7,143	7,143
Shares Outstanding (Diluted)	9,543	8,155	7,143	7,143	7,143
Shares Change (YoY)	26.18%	14.17%	-	-	-
EPS (Basic)	0.09	0.08	0.10	0.09	0.03
EPS (Diluted)	0.09	0.08	0.10	0.09	0.03
EPS Growth	7.46%	-20.94%	8.45%	228.48%	-
Free Cash Flow	-15,677	-12,437	-4,273	1,009	329.62
Free Cash Flow Per Share	-1.64	-1.52	-0.60	0.14	0.05
Profit Margin	14.85%	12.02%	18.59%	22.64%	19.06%
Free Cash Flow Margin	-280.85%	-241.69%	-116.00%	36.16%	32.68%
EBITDA	1,847	1,731	1,217	1,122	491.58
EBITDA Margin	33.09%	33.65%	33.04%	40.20%	48.73%
D&A For EBITDA	155.78	145.38	142.7	142.44	141.12
EBIT	1,692	1,586	1,074	979.31	350.46
EBIT Margin	30.30%	30.82%	29.17%	35.10%	34.74%
Effective Tax Rate	12.96%	11.37%	2.76%	1.17%	-
Revenue as Reported	5,582	5,146	3,684	2,790	1,009

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