Italpinas Development 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	250.87	345.35	165.27	118.89	116.43
Depreciation & Amortization	6.12	4.53	4.21	5.38	5.69
Other Amortization	34.7	26.1	15.02	4.93	9.86
Loss (Gain) From Sale of Assets	-16.29	-3.06	-13.72	-47.76	18.24
Asset Writedown & Restructuring Costs	-166.97	-342.93	-236.27	-101.79	-165.77
Loss (Gain) on Equity Investments	2.12	-2.4	1.39	1.13	1.21
Provision & Write-off of Bad Debts	-	-	-	-5.7	-
Other Operating Activities	174.86	111.82	104.16	56.27	26.55
Change in Accounts Receivable	-218.59	-395.49	-105.7	179.05	83.1
Change in Inventory	-7.79	-37.55	-182.62	-164.73	-250.99
Change in Accounts Payable	-273.32	237.67	107.7	56.92	169.32
Change in Unearned Revenue	178.39	133.14	-13.16	25.2	12.57
Change in Other Net Operating Assets	-103.67	-55.6	-110.09	-63.99	-66.34
Operating Cash Flow	-139.56	21.59	-263.81	63.8	-40.15
Capital Expenditures	-5.7	-6.72	-2.43	-7.58	-0.69
Sale of Property, Plant & Equipment	0.08	-	-	-	-
Sale (Purchase) of Real Estate	96.58	44.54	113.2	-	-
Investing Cash Flow	90.97	37.81	110.76	-7.58	-0.69
Short-Term Debt Issued	-	-	24.67	-	3.29
Long-Term Debt Issued	1,215	725.7	895.67	365.73	538.77
Total Debt Issued	1,215	725.7	920.34	365.73	542.06
Short-Term Debt Repaid	-20.58	-4.21	-	-0.8	-
Long-Term Debt Repaid	-1,292	-755.28	-563.84	-351.86	-507.16
Total Debt Repaid	-1,313	-759.48	-563.84	-352.66	-507.16
Net Debt Issued (Repaid)	-97.4	-33.78	356.5	13.08	34.9
Issuance of Common Stock	-	187.93	-	-	-
Other Financing Activities	-72.39	-40.62	-51.28	-42.88	-41.4
Financing Cash Flow	-169.79	113.52	305.21	-29.81	-6.5
Miscellaneous Cash Flow Adjustments	1.98	-	-	-	-
Net Cash Flow	-216.4	172.92	152.17	26.42	-47.34
Free Cash Flow	-145.26	14.86	-266.24	56.22	-40.84
Free Cash Flow Margin	-18.51%	2.46%	-88.18%	29.47%	-21.94%
Free Cash Flow Per Share	-0.20	0.02	-0.42	0.09	-0.07
Cash Interest Paid	72.39	40.62	51.28	42.88	41.4
Cash Income Tax Paid	-	56.27	-	0.08	-
Levered Free Cash Flow	-78.36	75.79	-192.43	54.39	19.29
Unlevered Free Cash Flow	-33.11	101.18	-192.43	64.98	34.1
Change in Working Capital	-424.97	-117.83	-303.86	32.45	-52.35

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