Primex 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	-4.27	116.44	94.8	33.63	12.49	148.89
Depreciation & Amortization	36.57	33.67	19.93	20.18	20.69	21.67
Loss (Gain) on Equity Investments	-4.63	-4.63	-	-	-	-
Provision & Write-off of Bad Debts	6.37	6.37	-	-	-	-
Other Operating Activities	188.93	188.93	46.65	13.88	-12.26	52.3
Change in Accounts Receivable	44.86	-110.41	16.58	-24.95	2.44	39.76
Change in Inventory	3,091	-5.87	-90.79	-619.71	-935.12	-159.68
Change in Accounts Payable	-31.28	-37.41	-36.25	49.1	-86.67	-545.04
Change in Other Net Operating Assets	-3,196	-0.52	-12.6	-63.26	-174.29	-1.62
Operating Cash Flow	132.32	186.59	38.32	-591.12	-1,173	-443.71
Operating Cash Flow Growth	20.50%	386.93%	-	-	-	-
Capital Expenditures	-183.86	-86.15	-128.33	-5.76	-0.25	-0.41
Sale (Purchase) of Real Estate	-2.31	-1.57	-8.93	-	-	-
Investment in Securities	18.68	-	-	-	-	-139.3
Other Investing Activities	47.57	3.33	-8.3	0.14	-	0.13
Investing Cash Flow	-119.92	-84.4	-145.56	-5.62	-0.25	-139.58
Long-Term Debt Issued	-	750	480	841.96	795.31	101.66
Long-Term Debt Repaid	-	-476.45	-361.96	-83.85	-27.8	-21.91
Net Debt Issued (Repaid)	267.19	273.55	118.04	758.1	767.51	79.75
Issuance of Common Stock	-	-	-	-	500	499.85
Repurchase of Common Stock	-69.8	-49.8	-	-	-	-
Common Dividends Paid	-	-	-6.33	-75.02	-49.88	-
Other Financing Activities	-217.2	-203.44	-13.66	-115.6	-6.83	-36.92
Financing Cash Flow	-19.8	20.31	98.05	567.48	1,211	542.69
Net Cash Flow	-7.4	122.5	-9.19	-29.25	37.82	-40.6
Free Cash Flow	-51.54	100.43	-90.02	-596.88	-1,173	-444.12
Free Cash Flow Margin	-13.43%	19.52%	-33.99%	-386.21%	-1322.92%	-71.56%
Free Cash Flow Per Share	-0.02	0.04	-0.04	-0.26	-0.54	-0.26
Cash Interest Paid	170.34	170.34	150.63	114.1	35.06	35.26
Cash Income Tax Paid	29.37	29.37	5.31	6	1.2	40.53
Levered Free Cash Flow	250.24	345.86	-133.89	-77.4	-1,163	-84.66
Unlevered Free Cash Flow	323.05	428.07	-121.72	-72.38	-1,157	-76.93
Change in Working Capital	-90.66	-154.2	-123.06	-658.81	-1,194	-666.57

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