Citicore Renewable Energy Income 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
Revenue	5,319	5,146	3,684	2,790	1,009
Revenue Growth (YoY)	3.36%	39.68%	32.03%	176.61%	-
Operations & Maintenance	18.62	30.84	7.96	15.36	10.63
Selling, General & Admin	141.92	113.79	211.28	94.22	166.5
Depreciation & Amortization	6.1	5.19	-	6	-
Other Operating Expenses	3,505	3,410	2,390	1,695	481.14
Total Operating Expenses	3,672	3,560	2,609	1,811	658.26
Operating Income	1,647	1,586	1,074	979.31	350.46
Interest Expense	-367.08	-450.84	-412.01	-343.31	-223.18
Interest Income	174.33	27.44	50.07	17.67	15.43
Net Interest Expense	-192.74	-423.4	-361.94	-325.64	-207.75
Income (Loss) on Equity Investments	-194.32	-57.52	218.12	206.69	-2.5
Currency Exchange Gain (Loss)	11.61	-0.9	0.01	-0.05	-0.03
Other Non-Operating Income (Expenses)	3.28	45.24	5.32	-17.71	6.95
EBT Excluding Unusual Items	1,275	1,149	935.92	842.61	147.13
Gain (Loss) on Sale of Assets	-	-	-	-	3.86
Asset Writedown	-	-4.95	-	2.84	-
Other Unusual Items	-0.63	-2.75	-	-1.96	33.19
Pretax Income	1,274	1,142	935.92	843.49	184.18
Income Tax Expense	121.45	129.85	25.81	9.87	-8.1
Earnings From Continuing Ops.	1,153	1,012	910.11	833.62	192.28
Minority Interest in Earnings	-407.46	-393.63	-225.16	-202.01	-
Net Income	745.51	618.28	684.95	631.61	192.28
Net Income to Common	745.51	618.28	684.95	631.61	192.28
Net Income Growth	20.58%	-9.73%	8.45%	228.48%	-
Shares Outstanding (Basic)	10,119	8,155	7,143	7,143	7,143
Shares Outstanding (Diluted)	10,119	8,155	7,143	7,143	7,143
Shares Change (YoY)	24.09%	14.17%	-	-	-
EPS (Basic)	0.07	0.08	0.10	0.09	0.03
EPS (Diluted)	0.07	0.08	0.10	0.09	0.03
EPS Growth	-2.83%	-20.94%	8.45%	228.48%	-
Free Cash Flow	-19,853	-12,437	-4,273	1,009	329.62
Free Cash Flow Per Share	-1.96	-1.52	-0.60	0.14	0.05
Profit Margin	14.02%	12.02%	18.59%	22.64%	19.06%
Free Cash Flow Margin	-373.27%	-241.69%	-116.00%	36.16%	32.68%
EBITDA	1,797	1,731	1,219	1,122	491.58
EBITDA Margin	33.79%	33.65%	33.09%	40.20%	48.73%
D&A For EBITDA	149.92	145.38	144.44	142.44	141.12
EBIT	1,647	1,586	1,074	979.31	350.46
EBIT Margin	30.97%	30.82%	29.17%	35.10%	34.74%
Effective Tax Rate	9.53%	11.37%	2.76%	1.17%	-
Revenue as Reported	5,319	5,146	3,684	2,790	1,009

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