City & Land Developers 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	191.98	111.26	157.42	412.25	174.43
Other Operating Activities	28.57	17.12	-22.61	17.24	7.15
Change in Accounts Receivable	-326.35	47.22	220.35	-271.42	-91.46
Change in Inventory	-118.42	-537.68	-245.05	276.08	-11.67
Change in Accounts Payable	91.93	101.68	-18.9	-86.43	126.62
Change in Unearned Revenue	-12.68	15.28	49.37	-57.34	-68.01
Change in Other Net Operating Assets	-5.51	-26.79	30.09	-76.81	5.82
Operating Cash Flow	-150.48	-271.91	170.66	213.56	142.89
Operating Cash Flow Growth	-	-	-20.09%	49.45%	368.08%
Sale (Purchase) of Real Estate	-0.04	-47.67	-244.44	-0.37	-25.64
Investment in Securities	98.5	-31.5	285.5	-276	-65
Other Investing Activities	-	-	0.01	0.01	0.01
Investing Cash Flow	98.46	-79.17	41.07	-276.36	-90.62
Short-Term Debt Issued	1,174	240.4	-	-	-
Total Debt Issued	1,174	240.4	-	-	-
Short-Term Debt Repaid	-1,019	-	-	-	-
Total Debt Repaid	-1,019	-	-	-	-
Net Debt Issued (Repaid)	155.15	240.4	-	-	-
Common Dividends Paid	-46.62	-51.77	-137.04	-45.16	-19.57
Other Financing Activities	-3.66	-0.01	-	-	-
Financing Cash Flow	104.87	188.62	-137.04	-45.16	-19.57
Net Cash Flow	52.85	-162.47	74.69	-107.96	32.7
Cash Interest Paid	3.66	0.01	-	-	-
Cash Income Tax Paid	24.95	34.72	62.5	106.94	40.9
Levered Free Cash Flow	112.25	-382.53	-149.54	-202.07	189.09
Unlevered Free Cash Flow	117.87	-379.38	-149.54	-202.07	189.09
Change in Working Capital	-371.03	-400.29	35.85	-215.93	-38.69

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