Lorenzo Shipping 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	-754.08	-541.78	95.79	18.6	-84.58	-68.25
Depreciation & Amortization	214.09	247.36	214.08	158.48	208.47	266.38
Other Amortization	1.57	0.9	0.9	-	-	-
Loss (Gain) From Sale of Assets	93.45	93.45	-0.7	-	-0.29	-4.14
Other Operating Activities	154.19	144.93	83.58	56.98	46.5	68.13
Change in Accounts Receivable	152.12	153.05	113.37	-41.38	24.81	263.35
Change in Inventory	12.26	12.26	16.97	-15.09	-35.41	4.93
Change in Accounts Payable	-242.16	-103.42	37.51	190.87	88.68	-97.23
Change in Other Net Operating Assets	-141.4	-100.21	-149.51	-89.37	-87.25	-55.53
Operating Cash Flow	-509.96	-93.47	411.99	279.07	160.93	377.64
Operating Cash Flow Growth	-	-	47.63%	73.42%	-57.39%	-16.80%
Capital Expenditures	-20.04	-87.97	-133.9	-116.69	-71.6	-76.8
Sale of Property, Plant & Equipment	186.02	77.98	0.86	-	0.34	4.83
Sale (Purchase) of Intangibles	-	-	-	-4.48	-	-
Investing Cash Flow	165.99	-9.99	-133.03	-121.17	-71.27	-71.97
Short-Term Debt Issued	-	71.95	21.32	-	30.6	-
Long-Term Debt Issued	-	-	-	-	70	137
Total Debt Issued	-7.45	71.95	21.32	-	100.6	137
Short-Term Debt Repaid	-	-	-	-47.63	-	-250.3
Long-Term Debt Repaid	-	-162.97	-195.38	-127.31	-169.22	-171.8
Total Debt Repaid	-151.33	-162.97	-195.38	-174.94	-169.22	-422.1
Net Debt Issued (Repaid)	-158.79	-91.02	-174.06	-174.94	-68.62	-285.1
Issuance of Common Stock	647.35	270	-	-	-	-
Other Financing Activities	-72.12	-70.26	-69.74	-49.42	-45.29	-69.33
Financing Cash Flow	416.44	108.72	-243.8	-224.37	-113.91	-354.43
Foreign Exchange Rate Adjustments	-2.9	-1.59	1.45	-2.89	-0.01	-0.01
Net Cash Flow	69.57	3.67	36.6	-69.36	-24.26	-48.76
Free Cash Flow	-530	-181.44	278.09	162.38	89.32	300.84
Free Cash Flow Growth	-	-	71.26%	81.79%	-70.31%	24.67%
Free Cash Flow Margin	-32.25%	-7.75%	8.48%	4.92%	3.11%	11.32%
Free Cash Flow Per Share	-0.46	-0.22	0.50	0.29	0.16	0.54
Cash Interest Paid	72.12	70.26	69.74	49.42	44.77	68.3
Levered Free Cash Flow	-292.34	-13.27	133.66	145.78	-27.26	268.78
Unlevered Free Cash Flow	-247.4	30.17	175.85	175.88	1.67	309.97
Change in Working Capital	-219.18	-38.32	18.34	45.02	-9.17	115.52

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.