SBS Philippines 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	20.84	26.67	46.28	122.17	186.74
Depreciation & Amortization	57.05	52.76	47.18	32.16	30.54
Other Amortization	1.78	1.74	1.76	2.13	0.57
Loss (Gain) on Equity Investments	34.06	39.38	18.07	38.19	91.86
Other Operating Activities	99.27	146.15	107.07	75.59	150.72
Change in Accounts Receivable	33.92	356.28	16.8	-48.13	267.56
Change in Inventory	-0.13	18.54	43.8	-61.33	118.1
Change in Accounts Payable	10.87	31.02	-178.63	205.37	40.73
Change in Other Net Operating Assets	159.01	239.28	117.97	28.73	28.26
Operating Cash Flow	416.67	911.81	220.31	394.88	593.98
Operating Cash Flow Growth	-54.30%	313.88%	-44.21%	-33.52%	18.70%
Capital Expenditures	-9.19	-6.9	-41.97	-20.07	-35.1
Divestitures	-	-	-	-	805.05
Sale (Purchase) of Intangibles	-0.42	-0.42	-0.02	-0.1	-0.78
Investment in Securities	-232.61	-327.42	-153.57	-62.92	-243.98
Other Investing Activities	360.11	31.08	35.16	5.83	0.24
Investing Cash Flow	117.89	-303.65	-160.4	-77.26	525.42
Long-Term Debt Issued	1,745	1,670	1,045	1,575	105
Long-Term Debt Repaid	-1,785	-1,598	-1,047	-1,214	-1,095
Total Debt Repaid	-1,785	-1,598	-1,047	-1,214	-1,095
Net Debt Issued (Repaid)	-39.68	71.81	-1.54	361.13	-989.96
Common Dividends Paid	-100.75	-8.53	-	-38.75	-34.1
Other Financing Activities	-152.27	-181.08	-139.03	-80.22	-87.41
Financing Cash Flow	-292.7	-117.79	-140.57	242.16	-1,111
Foreign Exchange Rate Adjustments	-0.86	-0.53	-0.69	10.75	3.88
Net Cash Flow	241	489.83	-81.35	570.53	11.8
Free Cash Flow	407.47	904.91	178.34	374.8	558.87
Free Cash Flow Growth	-54.97%	407.42%	-52.42%	-32.94%	12.61%
Free Cash Flow Margin	42.13%	80.85%	17.23%	31.55%	68.25%
Free Cash Flow Per Share	0.21	0.48	0.09	0.20	0.30
Cash Interest Paid	152.27	181.08	139.03	80.22	87.41
Cash Income Tax Paid	17.07	19.07	17.1	46.25	42.15
Levered Free Cash Flow	225.17	725.58	-73.78	-57.45	1,527
Unlevered Free Cash Flow	321.63	843.2	18.99	-57.45	1,582
Change in Working Capital	203.68	645.12	-0.06	124.64	454.65

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.