MREIT 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 2021	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	Jun '21 Jun 30, 2021	2020
Net Income	4,673	3,974	168.34	-176.55	4,028	651.01	Upgrade
Depreciation & Amortization	0.04	0.04	0.03	0.03	-	-	Upgrade
Asset Writedown	-790.42	-790.42	2,732	2,822	-1,404	-481.18	Upgrade
Change in Accounts Receivable	-366.94	-141.45	-141.94	-165.62	-245.83	-43.28	Upgrade
Change in Accounts Payable	494.44	24.35	291.69	321.8	200.63	127.59	Upgrade
Change in Other Net Operating Assets	39.03	8.92	-103.88	-330.03	682.38	1,702	Upgrade
Other Operating Activities	474.33	302.17	306.31	309.01	-155.67	207.03	Upgrade
Operating Cash Flow	4,523	3,377	3,253	2,781	3,106	2,163	Upgrade
Operating Cash Flow Growth	93.31%	3.84%	16.98%	-10.47%	43.56%	-	Upgrade
Acquisition of Real Estate Assets	-	-	-	-	-18,232	-	Upgrade
Net Sale / Acq. of Real Estate Assets	-	-	-	-	-18,232	-	Upgrade
Investing Cash Flow	-	-	-	-	-18,232	-	Upgrade
Total Debt Issued	-	-	-	-	14,391	-	Upgrade
Net Debt Issued (Repaid)	-	-	-	-	14,391	-	Upgrade
Issuance of Common Stock	-	-	-	-	-	2,454	Upgrade
Common Dividends Paid	-3,481	-2,763	-2,687	-2,467	-1,215	-	Upgrade
Other Financing Activities	-423.68	-268.03	-267.3	-267.36	-	-	Upgrade
Net Cash Flow	618.89	346.34	298.39	46.72	-1,950	4,618	Upgrade
Cash Interest Paid	66.64	268.03	267.3	267.36	-	-	Upgrade
Cash Income Tax Paid	1.38	9.57	12.59	4.35	3.18	0.23	Upgrade
Levered Free Cash Flow	2,773	2,121	2,157	1,593	-	-	Upgrade
Unlevered Free Cash Flow	3,071	2,311	2,348	1,786	-	-	Upgrade
Change in Working Capital	166.54	-108.18	45.87	-173.86	637.18	1,787	Upgrade

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