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

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