Manila Mining 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	-21.6	-21.73	-17.97	-6.81	-10.98	0.88
Depreciation & Amortization	1.89	2.09	2.33	2.12	0.6	2.75
Other Operating Activities	0.61	0.61	0.27	0.33	-10.95	-10.09
Change in Accounts Receivable	0.43	0.68	0.5	0.59	-21.56	0.02
Change in Inventory	-1.53	-0.26	2.02	-2.19	3.68	-2.96
Change in Accounts Payable	164.81	105.41	88.44	47.99	-73	28.56
Change in Other Net Operating Assets	15.07	15.55	-3.68	-28.06	12.28	4.56
Operating Cash Flow	159.68	102.34	71.92	13.97	-99.94	23.72
Operating Cash Flow Growth	195.15%	42.30%	414.65%	-	-	42.40%
Capital Expenditures	-56.39	-2.69	-4.79	-87.9	-23.39	-1.1
Other Investing Activities	-97.4	-96.64	-79.94	-121.99	-177.06	-21.47
Investing Cash Flow	-153.79	-99.33	-84.73	-209.88	-200.45	-22.56
Issuance of Common Stock	-	-	-	154.36	364.82	-
Other Financing Activities	-	-	-	-0.2	-9.19	-
Financing Cash Flow	-	-	-	154.16	355.63	-
Foreign Exchange Rate Adjustments	0.01	0.01	0.02	-0	0.03	0.01
Miscellaneous Cash Flow Adjustments	0	-	-	-	-	-
Net Cash Flow	5.9	3.02	-12.8	-41.76	55.27	1.16
Free Cash Flow	103.29	99.65	67.13	-73.92	-123.33	22.62
Free Cash Flow Growth	32.41%	48.45%	-	-	-	35.82%
Levered Free Cash Flow	96.03	92.06	65.65	-55.45	-95.07	26.57
Unlevered Free Cash Flow	96.18	92.21	65.8	-55.31	-94.61	26.86
Change in Working Capital	178.78	121.36	87.28	18.33	-78.6	30.18

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