Maynilad Water Services Income 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
Operating Revenue	35,688	33,278	27,152	22,755	21,820	22,855
Other Revenue	214.2	216.46	171.05	120.19	130.12	81.87
Revenue	35,902	33,495	27,323	22,875	21,950	22,937
Revenue Growth (YoY)	11.16%	22.59%	19.45%	4.21%	-4.30%	-4.40%
Operations & Maintenance	897.12	873.93	900.06	688.36	627.95	471.1
Selling, General & Admin	835.97	816.19	796.51	589.46	505.28	457.88
Depreciation & Amortization	564.5	527.32	524.33	485.88	598.08	676.14
Amortization of Goodwill & Intangibles	3,135	3,029	2,745	2,459	3,982	3,782
Provision for Bad Debts	144.72	65.79	600.52	82.92	6.28	551.45
Other Operating Expenses	8,723	8,606	8,122	7,086	5,491	5,354
Total Operating Expenses	14,300	13,917	13,689	11,392	11,211	11,293
Operating Income	21,603	19,577	13,635	11,483	10,739	11,644
Interest Expense	-1,754	-1,808	-1,863	-1,762	-1,647	-1,642
Interest Income	272.06	432.84	237.66	45.09	60.79	151.98
Net Interest Expense	-1,482	-1,376	-1,626	-1,717	-1,586	-1,490
Currency Exchange Gain (Loss)	6.65	12.92	-38.55	22.81	15.5	-10.5
Other Non-Operating Income (Expenses)	-1,359	-1,739	-49.64	-1,808	-1,180	-1,275
EBT Excluding Unusual Items	18,768	16,476	11,921	7,981	7,989	8,869
Gain (Loss) on Sale of Assets	0.02	0.03	2	0.9	0.54	0.66
Pretax Income	18,768	16,476	11,923	7,982	7,990	8,869
Income Tax Expense	4,242	3,694	2,912	2,107	1,846	2,444
Net Income	14,527	12,781	9,011	5,875	6,143	6,425
Net Income to Common	14,527	12,781	9,011	5,875	6,143	6,425
Net Income Growth	21.16%	41.84%	53.38%	-4.37%	-4.38%	-12.17%
Shares Outstanding (Basic)	5,313	4,488	4,511	4,458	4,458	4,458
Shares Outstanding (Diluted)	5,313	4,488	4,547	4,519	4,529	4,537
Shares Change (YoY)	16.07%	-1.30%	0.63%	-0.22%	-0.18%	-0.11%
EPS (Basic)	2.73	2.85	2.00	1.32	1.38	1.44
EPS (Diluted)	2.73	2.85	1.98	1.30	1.36	1.42
EPS Growth	4.63%	43.84%	52.31%	-4.17%	-4.21%	-12.08%
Free Cash Flow	-7,563	-5,753	-6,364	-1,039	4,714	4,848
Free Cash Flow Per Share	-1.42	-1.28	-1.40	-0.23	1.04	1.07
Dividend Per Share	1.140	1.140	0.999	0.798	0.663	0.662
Dividend Growth	14.16%	14.16%	25.19%	20.28%	0.14%	-
Profit Margin	40.46%	38.16%	32.98%	25.68%	27.99%	28.01%
Free Cash Flow Margin	-21.07%	-17.18%	-23.29%	-4.54%	21.47%	21.14%
EBITDA	25,016	22,982	16,727	14,428	15,319	16,103
EBITDA Margin	69.68%	68.62%	61.22%	63.07%	69.79%	70.20%
D&A For EBITDA	3,413	3,405	3,093	2,945	4,580	4,458
EBIT	21,603	19,577	13,635	11,483	10,739	11,644
EBIT Margin	60.17%	58.45%	49.90%	50.20%	48.93%	50.77%
Effective Tax Rate	22.60%	22.42%	24.42%	26.40%	23.11%	27.56%
Revenue as Reported	35,902	33,495	27,323	22,875	21,950	22,937

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