Grand Plaza Hotel 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	FY 2020
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	Dec '20 Dec 31, 2020
Net Income	54.12	60.88	30.86	6	33.67	12.07
Depreciation & Amortization	45.3	42.87	37.49	40.61	42.97	43.28
Loss (Gain) From Sale of Assets	0.01	0.01	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-34.76	-	-
Loss (Gain) on Equity Investments	-1.55	-1.78	-1.66	-0.98	-1.59	-1.53
Provision & Write-off of Bad Debts	-0.35	-0.35	0.3	-0.21	-0.74	0.69
Other Operating Activities	13.61	7.26	17.35	-1.38	16.64	21.66
Change in Accounts Receivable	-73.13	-72.41	-26.24	41.1	21.55	-40.59
Change in Inventory	-0.15	-0.69	-0.77	-1.68	0.6	2.24
Change in Accounts Payable	47.2	14.17	48.91	1.63	4.68	-33.96
Change in Other Net Operating Assets	-180.4	-9.3	16.27	53.59	10.13	-7.49
Operating Cash Flow	-104.05	40.66	122.51	103.93	127.9	-3.61
Operating Cash Flow Growth	-	-66.81%	17.88%	-18.74%	-	-
Capital Expenditures	-95.4	-120.22	-21.01	-5.73	-9.33	-8.56
Sale of Property, Plant & Equipment	1.27	1.27	-	-	-	-
Other Investing Activities	2.5	-6.03	-25.47	1.4	1.4	1.2
Investing Cash Flow	-91.62	-124.98	-46.48	-4.33	-7.93	-7.36
Long-Term Debt Repaid	-	-4.99	-4.6	-4.24	-5.74	-1.17
Net Debt Issued (Repaid)	-5.34	-4.99	-4.6	-4.24	-5.74	-1.17
Other Financing Activities	-12.8	-12.8	-13.2	-13.56	-21.58	-7.1
Financing Cash Flow	-18.14	-17.8	-17.8	-17.8	-27.32	-8.28
Foreign Exchange Rate Adjustments	11.23	11.23	-4.89	21.97	9.49	-11.1
Net Cash Flow	-202.59	-90.89	53.34	103.78	102.14	-30.34
Free Cash Flow	-199.46	-79.56	101.5	98.2	118.57	-12.17
Free Cash Flow Growth	-	-	3.36%	-17.18%	-	-
Free Cash Flow Margin	-37.66%	-15.07%	21.67%	33.24%	35.39%	-3.69%
Free Cash Flow Per Share	-2.11	-1.48	1.89	1.83	2.21	-0.23
Cash Interest Paid	12.8	12.8	13.2	13.56	21.58	7.1
Cash Income Tax Paid	11.77	11.77	12.9	2.02	1.16	2.1
Levered Free Cash Flow	-229.02	-121.39	69.33	88.15	91.27	-36.37
Unlevered Free Cash Flow	-221.02	-113.39	77.58	96.62	99.95	-27.5
Change in Working Capital	-215.19	-68.23	38.17	94.65	36.95	-79.79

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