Makati Finance 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	10.32	14.46	12.92	17.85	9.7
Depreciation & Amortization	13.64	16.35	16.88	9.42	12.02
Other Amortization	0.88	0.25	-	-	-
Asset Writedown & Restructuring Costs	-5.96	-4.45	-4.82	-24.6	-4.43
Provision for Credit Losses	18.6	19.35	16.38	18.84	16.32
Change in Accounts Payable	-9.64	-11.07	-17.43	4.67	16.51
Change in Other Net Operating Assets	131.79	-48.95	-43.37	46.02	70.51
Other Operating Activities	-34.5	-26.97	-28.73	6.04	18.61
Operating Cash Flow	137.96	-61.91	-40.1	78.15	138.07
Operating Cash Flow Growth	-	-	-	-43.40%	148.65%
Capital Expenditures	-6.91	-4.28	-2.08	-0.68	-5.93
Sale of Property, Plant & Equipment	0	-	-	-	-
Sale (Purchase) of Intangibles	-1.35	-0.68	-0.38	-0.11	-0.34
Investing Cash Flow	-8.44	75.71	-2.46	-3.87	-8.49
Long-Term Debt Issued	144.72	126.79	229.33	219.52	144.43
Long-Term Debt Repaid	-270.43	-142.68	-195.05	-331.41	-274.06
Net Debt Issued (Repaid)	-125.71	-15.88	34.29	-111.9	-129.63
Common Dividends Paid	-2.17	-1.94	-2.68	-1.46	-1.62
Financing Cash Flow	-127.88	-17.82	31.61	-113.35	-131.25
Net Cash Flow	1.63	-4.02	-10.95	-39.06	-1.67
Free Cash Flow	131.05	-66.19	-42.18	77.47	132.15
Free Cash Flow Growth	-	-	-	-41.38%	141.90%
Free Cash Flow Margin	96.94%	-42.22%	-36.12%	69.36%	102.74%
Free Cash Flow Per Share	0.47	-0.24	-0.15	0.28	0.48
Cash Interest Paid	37.56	36.71	33.24	-	-
Cash Income Tax Paid	4.95	2.24	3.48	3.86	1.98

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