Mabuhay Vinyl 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	355.32	330.63	408.44	399.07	275.87
Depreciation & Amortization	183.94	169.13	105.53	94	96.59
Loss (Gain) From Sale of Assets	-0.22	15.24	-	-0.2	0.33
Loss (Gain) on Equity Investments	-22.96	-9.19	-	-	-
Other Operating Activities	-31.41	-64.84	-69.12	-18.58	-25.9
Change in Accounts Receivable	63.04	-79.26	-19.82	-89.97	-110.38
Change in Inventory	-31.95	-112.1	172.68	-124.02	-67.66
Change in Accounts Payable	-120.93	110.18	-17.87	141.99	8.48
Change in Other Net Operating Assets	30.09	-53.22	-50.05	7.88	-34.75
Operating Cash Flow	424.92	306.58	529.79	410.17	142.57
Operating Cash Flow Growth	38.60%	-42.13%	29.17%	187.69%	-62.66%
Capital Expenditures	-127.3	-257.63	-411.93	-395.2	-170.26
Sale of Property, Plant & Equipment	0.22	0.14	-	0.2	0.83
Divestitures	-	-80.07	-	-	-
Investment in Securities	-616.56	93.87	-93.87	-1.21	-
Other Investing Activities	51.1	50.14	39.95	19.23	13.34
Investing Cash Flow	-590.3	306.52	-364.12	-379.33	-460.01
Long-Term Debt Repaid	-41.41	-23.33	-11.73	-8.38	-9.28
Net Debt Issued (Repaid)	-41.41	-23.33	-11.73	-8.38	-9.28
Common Dividends Paid	-64.31	-64.41	-62.58	-64.56	-64.4
Other Financing Activities	-9.27	-10.09	-7.9	-3.9	-4.72
Financing Cash Flow	-114.99	-97.82	-82.2	-76.84	-78.39
Foreign Exchange Rate Adjustments	-	-	-	-0.14	1.22
Net Cash Flow	-280.37	515.27	83.47	-46.15	-394.6
Free Cash Flow	297.62	48.95	117.87	14.97	-27.69
Free Cash Flow Growth	508.01%	-58.47%	687.50%	-	-
Free Cash Flow Margin	8.91%	1.59%	3.84%	0.47%	-1.27%
Free Cash Flow Per Share	0.45	0.07	0.18	0.02	-0.04
Cash Interest Paid	9.27	9.45	7.18	3.9	2.56
Cash Income Tax Paid	71	113.84	172.22	132.87	108.24
Levered Free Cash Flow	321.58	464.83	146.45	-40.81	-363.55
Unlevered Free Cash Flow	327.37	470.74	150.94	-38.37	-361.95
Change in Working Capital	-59.75	-134.39	84.94	-64.12	-204.31

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