SBS Philippines 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	34.16	26.67	46.28	122.17	186.74	708.68
Depreciation & Amortization	54.44	52.76	47.18	32.16	30.54	30.84
Other Amortization	3.06	1.74	1.76	2.13	0.57	-
Loss (Gain) on Equity Investments	34.88	39.38	18.07	38.19	91.86	-674.81
Other Operating Activities	107.61	146.15	107.07	75.59	150.72	140.06
Change in Accounts Receivable	-2.68	356.28	16.8	-48.13	267.56	91.64
Change in Inventory	-16.21	18.54	43.8	-61.33	118.1	109.87
Change in Accounts Payable	32.04	31.02	-178.63	205.37	40.73	43.88
Change in Other Net Operating Assets	88.74	239.28	117.97	28.73	28.26	71.89
Operating Cash Flow	336.04	911.81	220.31	394.88	593.98	500.41
Operating Cash Flow Growth	-59.18%	313.88%	-44.21%	-33.52%	18.70%	169.10%
Capital Expenditures	-8.04	-6.9	-41.97	-20.07	-35.1	-4.1
Divestitures	-	-	-	-	805.05	-
Sale (Purchase) of Intangibles	-0.6	-0.42	-0.02	-0.1	-0.78	-0.94
Investment in Securities	37.33	-327.42	-153.57	-62.92	-243.98	-107.5
Other Investing Activities	362.23	31.08	35.16	5.83	0.24	0.52
Investing Cash Flow	390.93	-303.65	-160.4	-77.26	525.42	-112.01
Long-Term Debt Issued	-	1,670	1,045	1,575	105	-
Total Debt Issued	2,100	1,670	1,045	1,575	105	-
Long-Term Debt Repaid	-	-1,598	-1,047	-1,214	-1,095	-426.97
Total Debt Repaid	-1,964	-1,598	-1,047	-1,214	-1,095	-426.97
Net Debt Issued (Repaid)	136.08	71.81	-1.54	361.13	-989.96	-426.97
Common Dividends Paid	-100.75	-8.53	-	-38.75	-34.1	-
Other Financing Activities	-144.75	-181.08	-139.03	-80.22	-87.41	-119.71
Financing Cash Flow	-109.42	-117.79	-140.57	242.16	-1,111	-546.67
Foreign Exchange Rate Adjustments	-5.95	-0.53	-0.69	10.75	3.88	1.07
Net Cash Flow	611.6	489.83	-81.35	570.53	11.8	-157.2
Free Cash Flow	328.01	904.91	178.34	374.8	558.87	496.31
Free Cash Flow Growth	-59.64%	407.42%	-52.42%	-32.94%	12.61%	169.63%
Free Cash Flow Margin	31.59%	80.85%	17.23%	31.55%	68.25%	52.03%
Free Cash Flow Per Share	0.17	0.48	0.09	0.20	0.30	0.26
Cash Interest Paid	144.75	181.08	139.03	80.22	87.41	119.71
Cash Income Tax Paid	19.64	19.07	17.1	46.25	42.15	16.26
Levered Free Cash Flow	295.07	843.63	19.38	-57.45	1,527	-866.75
Unlevered Free Cash Flow	295.07	843.63	19.38	-57.45	1,582	-789.53
Change in Working Capital	101.9	645.12	-0.06	124.64	454.65	317.28

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