Citicore Renewable Energy 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	745.51	618.28	684.95	631.61	192.28
Depreciation & Amortization	170.32	163.24	161.1	159.18	148.18
Other Amortization	1.21	1.26	-	-	-
Loss (Gain) on Sale of Assets	-	-	-	-	-3.86
Loss (Gain) on Equity Investments	194.32	57.52	-218.12	-206.69	2.5
Change in Accounts Receivable	96.81	-470.48	-89.56	-263.31	-196.63
Change in Accounts Payable	430.56	1,722	176.61	78.84	76.56
Change in Other Net Operating Assets	-746.58	-313.54	-473.23	29.9	-36.36
Other Operating Activities	900.31	979.28	664.51	584.79	168.37
Operating Cash Flow	1,792	2,763	905.11	1,011	358.81
Operating Cash Flow Growth	-35.12%	205.22%	-10.51%	181.90%	-
Capital Expenditures	-21,646	-15,199	-5,178	-2.44	-29.18
Sale of Property, Plant & Equipment	-	-	-	30.57	43.99
Divestitures	-	-	-	-	-78.87
Sale (Purchase) of Intangibles	-14.3	-	-5.47	-1.61	-0.04
Investment in Securities	-925.68	-	-50	-687.19	-
Other Investing Activities	368.27	-3,051	586.5	-1,955	192.1
Investing Cash Flow	-22,218	-18,250	-4,746	-3,365	127.99
Long-Term Debt Issued	33,726	15,069	6,400	-	-
Long-Term Debt Repaid	-5,322	-502.02	-404.55	-1,666	-318.98
Net Debt Issued (Repaid)	28,404	14,567	5,996	-1,666	-318.98
Issuance of Common Stock	6,597	4,269	-	-	-
Other Financing Activities	-4,399	2,577	-1,225	5,368	-252.99
Financing Cash Flow	30,602	21,413	4,771	3,701	-571.97
Foreign Exchange Rate Adjustments	-	-	-	0.06	-
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	10,177	5,926	930.12	1,348	-85.17
Free Cash Flow	-19,853	-12,437	-4,273	1,009	329.62
Free Cash Flow Growth	-	-	-	206.12%	-
Free Cash Flow Margin	-373.27%	-241.69%	-116.00%	36.16%	32.68%
Free Cash Flow Per Share	-1.96	-1.52	-0.60	0.14	0.05
Cash Interest Paid	2,496	1,270	616.83	387.23	217.33
Cash Income Tax Paid	-	-	0.37	0.15	2.05
Levered Free Cash Flow	-21,734	-10,527	-2,557	-	-
Unlevered Free Cash Flow	-21,505	-10,245	-2,300	-	-
Change in Working Capital	-219.22	938.01	-386.19	-154.58	-156.43

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