Global-Estate Resorts 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	1,925	1,781	1,840	1,789	1,311
Depreciation & Amortization	357.31	363.18	327.69	327	356.42
Other Amortization	5.64	2.17	2.92	3.6	-
Loss (Gain) on Equity Investments	0.35	0.67	-0.89	0.24	0.59
Provision & Write-off of Bad Debts	6.05	98.34	-	34.78	-
Other Operating Activities	1,054	633.32	582.74	755.69	-7.54
Change in Accounts Receivable	891.23	-844.25	-3,006	-2,939	-1,069
Change in Inventory	-1,158	-559.15	-581.98	-881.38	-509.49
Change in Accounts Payable	-583.64	44.84	344.14	180.55	324.14
Change in Unearned Revenue	-809.64	61.78	-225	329.42	-37.96
Change in Other Net Operating Assets	-384.58	-309.12	-786.13	-981.5	-268.3
Operating Cash Flow	1,303	1,272	-1,502	-1,381	100.19
Operating Cash Flow Growth	2.42%	-	-	-	-
Capital Expenditures	-163.56	-112.9	-68.71	-41.52	-76.29
Sale of Property, Plant & Equipment	-	0.47	0.38	0.11	0.09
Sale (Purchase) of Intangibles	-20.78	-1.11	-2.93	-3.61	-
Sale (Purchase) of Real Estate	-536.47	-751.2	-53.19	-42.34	-116.58
Other Investing Activities	-314.74	12.06	105.09	41.19	3.48
Investing Cash Flow	-1,036	-852.69	-19.36	-46.17	-189.3
Short-Term Debt Issued	5.65	25.41	17.56	88.43	-
Long-Term Debt Issued	4,000	1,500	5,000	1,500	3,629
Total Debt Issued	4,006	1,525	5,018	1,588	3,629
Short-Term Debt Repaid	-86.38	-105.3	-186.44	-89.31	-75.65
Long-Term Debt Repaid	-3,992	-1,546	-3,174	-1,444	-1,518
Total Debt Repaid	-4,078	-1,651	-3,361	-1,534	-1,593
Net Debt Issued (Repaid)	-72.42	-125.6	1,657	54.88	2,036
Common Dividends Paid	-120	-	-124.08	-	-
Other Financing Activities	-101.53	-128.26	-248.01	-	-
Financing Cash Flow	-293.95	-253.85	1,285	-196.71	1,784
Foreign Exchange Rate Adjustments	0.65	2.24	7.87	29.53	15.26
Net Cash Flow	-25.82	168	-228.46	-1,595	1,710
Free Cash Flow	1,139	1,159	-1,571	-1,423	23.89
Free Cash Flow Growth	-1.72%	-	-	-	-
Free Cash Flow Margin	14.61%	15.03%	-19.90%	-20.38%	0.53%
Free Cash Flow Per Share	0.10	0.11	-0.14	-0.13	0.00
Cash Interest Paid	254.61	231.7	564.07	375	258.34
Cash Income Tax Paid	38.13	44.59	15.72	7.51	39.84
Levered Free Cash Flow	-97.88	451.2	-344.37	-1,605	534.64
Unlevered Free Cash Flow	118.63	660.99	-288.83	-1,547	602.8
Change in Working Capital	-2,045	-1,606	-4,255	-4,292	-1,561

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.