Philex Mining Cash Flow Statement

Financials in millions PHP. Fiscal year is January - December.

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	929.69	810.2	1,018	1,796	2,431
Depreciation & Amortization	883.17	920.5	711.85	1,428	1,233
Asset Writedown & Restructuring Costs	-	-	-	374	-272.24
Loss (Gain) on Equity Investments	-31.39	5.39	30.66	26.8	528.85
Other Operating Activities	782.04	46.28	-180.65	-792.86	22.02
Change in Accounts Receivable	474.45	-609.35	159.31	-113.7	-97.02
Change in Inventory	-141.23	292.77	-94.04	859.38	-616.1
Change in Accounts Payable	409.95	421.1	79.34	220.03	617.42
Change in Other Net Operating Assets	-334.38	-478.44	-633.84	-328.17	102.37
Operating Cash Flow	2,972	1,408	1,091	3,469	3,949
Operating Cash Flow Growth	111.04%	29.14%	-68.56%	-12.15%	66.29%
Capital Expenditures	-3,638	-2,474	-1,354	-1,027	-927.61
Other Investing Activities	-3,521	-4,503	-879.97	-897.18	-543.41
Investing Cash Flow	-7,158	-6,977	-2,234	-1,924	-1,471
Short-Term Debt Issued	1,486	1,710	-	-	-
Long-Term Debt Issued	5,561	5,835	1,383	-	-
Total Debt Issued	7,047	7,545	1,383	-	-
Short-Term Debt Repaid	-1,538	-968.51	-	-	-
Long-Term Debt Repaid	-601.08	-288.14	-110.6	-2,741	-387.18
Total Debt Repaid	-2,139	-1,257	-110.6	-2,741	-387.18
Net Debt Issued (Repaid)	4,908	6,289	1,272	-2,741	-387.18
Issuance of Common Stock	-	-	-	2,583	-
Common Dividends Paid	-108.16	-232.06	-234.74	-356.07	-392.68
Other Financing Activities	-281.26	-235.5	-	-	-
Financing Cash Flow	4,519	5,821	1,037	-513.89	-779.86
Foreign Exchange Rate Adjustments	18.26	-8.6	-4.73	3.34	1.12
Net Cash Flow	351.24	244.06	-110.95	1,035	1,699
Free Cash Flow	-665.21	-1,065	-263.41	2,442	3,021
Free Cash Flow Growth	-	-	-	-19.17%	132.29%
Free Cash Flow Margin	-7.83%	-13.56%	-3.55%	27.45%	32.13%
Free Cash Flow Per Share	-0.12	-0.18	-0.05	0.46	0.61
Cash Interest Paid	181.69	113.68	-	-	-
Cash Income Tax Paid	63.71	195.18	325.54	895.64	452.56
Levered Free Cash Flow	-1,051	-1,410	20.82	2,022	2,475
Unlevered Free Cash Flow	-933.04	-1,339	20.82	2,022	2,475
Change in Working Capital	408.78	-373.93	-489.24	637.53	6.66

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