Maynilad Water Services 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	15,593	15,219	12,781	9,011	5,875	6,143
Depreciation & Amortization	4,050	3,772	3,556	3,269	2,945	4,580
Other Amortization	31.55	33	38.07	37.09	67.52	38.86
Loss (Gain) on Sale of Assets	-0.1	-0.05	-0.03	-2	-0.9	-0.54
Loss (Gain) on Sale of Investments	-85.72	-85.72	-	-	-	-
Stock-Based Compensation	-	-	-	116.73	-	-
Change in Accounts Receivable	-693.75	-641.99	-579.83	-389.72	618.55	717.51
Change in Accounts Payable	2,811	3,182	2,559	-1,483	2,748	-1,396
Change in Other Net Operating Assets	-28,225	-28,577	-26,581	-19,790	-15,683	-7,237
Other Operating Activities	2,549	2,648	2,884	2,791	2,637	2,328
Operating Cash Flow	-3,765	-4,263	-5,230	-5,840	-709.9	5,180
Operating Cash Flow Growth	-	-	-	-	-	-1.80%
Capital Expenditures	-688.81	-676.45	-522.91	-523.99	-328.6	-466.74
Sale of Property, Plant & Equipment	0.04	0.05	0.07	15.18	4.64	3.25
Other Investing Activities	-810.42	-183.69	-574.27	-6,548	436.35	-702.91
Investing Cash Flow	-1,499	-860.09	-1,097	-7,057	112.39	-1,166
Long-Term Debt Issued	-	12,902	24,741	18,829	17,742	-
Long-Term Debt Repaid	-	-4,412	-2,733	-4,015	-9,050	-2,242
Net Debt Issued (Repaid)	11,063	8,490	22,008	14,815	8,692	-2,242
Issuance of Common Stock	27,460	27,460	1,137	-	-	-
Repurchase of Common Stock	-2,155	-2,155	-568.64	-122.14	-131.81	-113.41
Common Dividends Paid	-8,439	-6,400	-5,654	-3,600	-3,000	-3,000
Other Financing Activities	-6,207	-5,999	-4,978	-3,732	-2,490	-2,645
Financing Cash Flow	21,722	21,397	11,944	7,361	3,070	-8,000
Net Cash Flow	16,458	16,273	5,617	-5,536	2,473	-3,986
Free Cash Flow	-4,454	-4,940	-5,753	-6,364	-1,039	4,714
Free Cash Flow Growth	-	-	-	-	-	-2.77%
Free Cash Flow Margin	-11.98%	-13.48%	-17.18%	-23.29%	-4.54%	21.47%
Free Cash Flow Per Share	-0.70	-0.84	-1.28	-1.40	-0.23	1.04
Cash Interest Paid	5,296	5,067	4,025	2,805	1,743	1,909
Cash Income Tax Paid	3,911	3,800	3,173	2,513	1,654	1,608
Levered Free Cash Flow	19,963	20,671	17,343	8,721	13,183	10,106
Unlevered Free Cash Flow	20,936	21,657	18,435	9,848	14,217	11,097
Change in Working Capital	-26,108	-26,037	-24,601	-21,663	-12,317	-7,916

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