RL Commercial REIT 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	29,768	29,083	16,990	11,463	-5,569	1,679
Depreciation & Amortization	46.26	46.26	42.12	29.35	29.35	12.14
Asset Writedown	-21,060	-21,076	-10,877	-7,024	9,958	-5.56
Change in Accounts Receivable	-1,101	-234.38	-1,216	300.16	-432.43	-547.43
Change in Accounts Payable	1,675	413.49	1,246	125.55	658.72	260.59
Change in Other Net Operating Assets	740.97	-139.95	688.69	129.02	-103.94	1,092
Other Operating Activities	92.64	98.76	96.94	48.78	9.72	3.95
Operating Cash Flow	10,162	8,191	6,972	5,072	4,550	2,495
Operating Cash Flow Growth	38.64%	17.49%	37.46%	11.46%	82.37%	-
Acquisition of Real Estate Assets	-183.72	-170.53	-137.44	-19.94	-840.91	-110.56
Net Sale / Acq. of Real Estate Assets	-183.72	-170.53	-137.44	-19.94	-840.91	-110.56
Other Investing Activities	-140.5	-156.69	-83.41	-83.34	-172.63	-313.73
Investing Cash Flow	-324.22	-327.22	-220.85	-103.27	-1,014	-424.3
Long-Term Debt Repaid	-	-32.87	-24.43	-	-	-
Net Debt Issued (Repaid)	-32.95	-32.87	-24.43	-	-	-
Issuance of Common Stock	-	-	-	-	-	18.75
Common Dividends Paid	-7,540	-6,953	-5,171	-4,194	-3,887	-616.84
Other Financing Activities	-28.76	-28.76	-49.88	-	-7.78	-99.24
Net Cash Flow	2,236	849.13	1,505	774.1	-358.54	1,373
Cash Income Tax Paid	28.47	25.96	21.43	-	2.81	-
Levered Free Cash Flow	6,174	4,938	4,411	3,420	3,055	-
Unlevered Free Cash Flow	6,201	4,965	4,433	3,426	3,061	-
Change in Working Capital	1,316	39.17	719.45	554.73	122.35	805.39