IPM Holdings Cash Flow Statement

Financials in millions PHP. Fiscal year is January - December.

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-74.22	-59.33	-42.83	59.81	30.28	44.11
Depreciation & Amortization	54.96	47.59	26.61	37.11	37.58	28.13
Loss (Gain) From Sale of Assets	-	-	-	-29.68	-	-
Loss (Gain) on Equity Investments	59	59	16.66	-49.86	-37.72	-53.88
Provision & Write-off of Bad Debts	-	-	47.91	2.55	-	-
Other Operating Activities	-15.99	-8	-19.76	19.53	24.66	13
Change in Accounts Receivable	128.31	206.21	237.69	34.36	14.79	46.62
Change in Accounts Payable	-19.56	-7.49	-9.32	6.36	-8.18	-21.51
Change in Other Net Operating Assets	-0.98	-2.93	-22.06	-23.18	-23.53	-4.87
Operating Cash Flow	131.52	235.05	234.91	57.01	37.89	51.6
Operating Cash Flow Growth	-64.73%	0.06%	312.04%	50.46%	-26.57%	-59.66%
Capital Expenditures	-70.99	-106.11	-59.57	-31.55	-25.29	-72.51
Sale (Purchase) of Intangibles	-	-	-	-3.07	-	-
Sale (Purchase) of Real Estate	-0.78	-106.83	-250.09	83	-5	-12
Other Investing Activities	-	-	16	23.75	18.85	8.13
Investing Cash Flow	-71.77	-212.94	-293.66	72.13	-11.44	-76.38
Short-Term Debt Issued	-	30	25	-	-	-
Total Debt Issued	5.5	30	25	-	-	-
Short-Term Debt Repaid	-	-	-	-	-3	-2
Long-Term Debt Repaid	-	-1.12	-1.01	-0.25	-	-
Total Debt Repaid	-1.12	-1.12	-1.01	-0.25	-3	-2
Net Debt Issued (Repaid)	4.38	28.88	23.99	-0.25	-3	-2
Common Dividends Paid	-	-	-4.24	-	-	-
Other Financing Activities	-3.11	-3.72	-1.03	-88.99	-5.01	-2.92
Financing Cash Flow	1.27	25.16	18.72	-89.24	-8.01	-4.92
Net Cash Flow	61.02	47.27	-40.04	39.9	18.44	-29.7
Free Cash Flow	60.53	128.94	175.33	25.46	12.6	-20.91
Free Cash Flow Growth	-78.69%	-26.46%	588.56%	102.11%	-	-
Free Cash Flow Margin	22.72%	48.53%	83.71%	8.92%	3.48%	-6.33%
Free Cash Flow Per Share	0.09	0.19	0.25	0.04	0.02	-0.03
Cash Interest Paid	3.11	3.72	1.03	88.99	5.01	2.92
Cash Income Tax Paid	2.26	1.97	3.34	2.89	7.65	9.97
Levered Free Cash Flow	63.22	126.38	209.09	18.55	34.21	26.3
Unlevered Free Cash Flow	70.13	132.98	211.32	23.11	38.76	29.54
Change in Working Capital	107.77	195.79	206.31	17.54	-16.92	20.25

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