Citicore Renewable Energy 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
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
Net Income	828.99	618.28	684.95	631.61	192.28
Depreciation & Amortization	170.8	163.24	159.36	159.18	148.18
Other Amortization	2.08	1.26	1.73	-	-
Loss (Gain) on Sale of Assets	-	-	-	-	-3.86
Loss (Gain) on Equity Investments	90.97	57.52	-218.12	-206.69	2.5
Change in Accounts Receivable	-7.14	-470.48	-89.56	-263.31	-196.63
Change in Accounts Payable	1,316	1,722	176.61	78.84	76.56
Change in Other Net Operating Assets	-236.29	-313.54	-473.23	29.9	-36.36
Other Operating Activities	963.04	979.28	664.51	584.79	168.37
Operating Cash Flow	3,133	2,763	905.11	1,011	358.81
Operating Cash Flow Growth	125.57%	205.22%	-10.51%	181.90%	-
Capital Expenditures	-18,810	-15,199	-5,178	-2.44	-29.18
Sale of Property, Plant & Equipment	-	-	-	30.57	43.99
Divestitures	-	-	-	-	-78.87
Sale (Purchase) of Intangibles	11.73	-	-5.47	-1.61	-0.04
Investment in Securities	-74.64	-	-50	-687.19	-
Other Investing Activities	-1,500	-3,051	586.5	-1,955	192.1
Investing Cash Flow	-20,373	-18,250	-4,746	-3,365	127.99
Long-Term Debt Issued	-	15,069	6,400	-	-
Long-Term Debt Repaid	-	-502.02	-404.55	-1,666	-318.98
Net Debt Issued (Repaid)	24,028	14,567	5,996	-1,666	-318.98
Issuance of Common Stock	6,347	4,269	-	-	-
Other Financing Activities	-4,186	2,577	-1,225	5,368	-252.99
Financing Cash Flow	26,189	21,413	4,771	3,701	-571.97
Foreign Exchange Rate Adjustments	-	-	-	0.06	-
Net Cash Flow	8,949	5,926	930.12	1,348	-85.17
Free Cash Flow	-15,677	-12,437	-4,273	1,009	329.62
Free Cash Flow Growth	-	-	-	206.12%	-
Free Cash Flow Margin	-280.85%	-241.69%	-116.00%	36.16%	32.68%
Free Cash Flow Per Share	-1.64	-1.52	-0.60	0.14	0.05
Cash Interest Paid	2,363	1,270	616.83	387.23	217.33
Cash Income Tax Paid	-	-	0.37	0.15	2.05
Levered Free Cash Flow	-17,223	-10,527	-2,557	-	-
Unlevered Free Cash Flow	-16,994	-10,245	-2,300	-	-
Change in Working Capital	1,072	938.01	-386.19	-154.58	-156.43

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