PSE:NRCP 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 2020	2015 - 2019
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	2015 - 2019
Net Income	757.64	551.34	536.15	55.7	141.7	119.92	Upgrade
Depreciation & Amortization	9.9	10.26	9.5	16.46	18.49	20.08	Upgrade
Other Amortization	0.65	0.65	4.09	-	-	-	Upgrade
Gain (Loss) on Sale of Assets	-	-	-0.42	-	-	-0.02	Upgrade
Gain (Loss) on Sale of Investments	-34.9	18.13	-27.34	110.82	-87.62	160.05	Upgrade
Reinsurance Recoverable	-1,341	-567.41	-888.31	-1,006	-38.89	-212.47	Upgrade
Change in Accounts Payable	128.31	39.14	-70.31	-16.91	59.74	161.6	Upgrade
Change in Insurance Reserves / Liabilities	846.38	879.85	-690.37	1,238	-436.96	245.55	Upgrade
Change in Other Net Operating Assets	-110.49	-104.63	32.35	34.89	138.35	17.01	Upgrade
Other Operating Activities	-0.62	-1,195	1,290	-671.84	-227.37	-281.03	Upgrade
Operating Cash Flow	106.51	-489.46	200.88	-74.6	-22.79	231.63	Upgrade
Capital Expenditures	-2.09	-6.34	-6.84	-5.37	-3.54	-3.29	Upgrade
Sale of Property, Plant & Equipment	-	-	0.75	1.56	-	0.19	Upgrade
Purchase / Sale of Intangible Assets	-34.02	-34.02	-	-	-	-1.01	Upgrade
Investment in Securities	-489.69	200.79	-1,053	-186.96	-597.44	-618.55	Upgrade
Other Investing Activities	550.69	509.24	432.74	320.74	324.83	346.03	Upgrade
Investing Cash Flow	25.68	665.81	-626.18	129.03	-283.6	-275.45	Upgrade
Foreign Exchange Rate Adjustments	13.28	1.58	-27.63	12.1	13.66	-10.24	Upgrade
Net Cash Flow	145.47	177.94	-452.92	66.54	-292.73	-54.06	Upgrade
Free Cash Flow	104.43	-495.79	194.05	-79.97	-26.33	228.34	Upgrade
Free Cash Flow Margin	1.91%	-9.22%	4.09%	-2.51%	-0.81%	6.45%	Upgrade
Free Cash Flow Per Share	0.05	-0.23	0.09	-0.04	-0.01	0.11	Upgrade
Cash Income Tax Paid	194.17	363.55	99.13	74.02	141.44	130.59	Upgrade
Levered Free Cash Flow	534.94	213.36	782.01	195.14	251.96	510.94	Upgrade
Unlevered Free Cash Flow	535.02	213.43	782.03	194.54	251.96	510.94	Upgrade
Change in Working Capital	-626.15	125.39	-1,611	414.27	132.02	212.62	Upgrade

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