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 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	19.27	20.84	26.67	46.28	122.17	186.74
Depreciation & Amortization	71.54	57.05	52.76	47.18	32.16	30.54
Other Amortization	-12.24	1.78	1.74	1.76	2.13	0.57
Loss (Gain) on Equity Investments	34.54	34.06	39.38	18.07	38.19	91.86
Other Operating Activities	118.22	99.27	146.15	107.07	75.59	150.72
Change in Accounts Receivable	-38.26	33.92	356.28	16.8	-48.13	267.56
Change in Inventory	53.29	-0.13	18.54	43.8	-61.33	118.1
Change in Accounts Payable	-16.91	10.87	31.02	-178.63	205.37	40.73
Change in Other Net Operating Assets	153.5	159.01	239.28	117.97	28.73	28.26
Operating Cash Flow	382.94	416.67	911.81	220.31	394.88	593.98
Operating Cash Flow Growth	1.44%	-54.30%	313.88%	-44.21%	-33.52%	18.70%
Capital Expenditures	-6.6	-9.19	-6.9	-41.97	-20.07	-35.1
Divestitures	-	-	-	-	-	805.05
Sale (Purchase) of Intangibles	-0.18	-0.42	-0.42	-0.02	-0.1	-0.78
Investment in Securities	17.39	-232.61	-327.42	-153.57	-62.92	-243.98
Other Investing Activities	45.96	360.11	31.08	35.16	5.83	0.24
Investing Cash Flow	56.58	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	-1,304	-1,785	-1,598	-1,047	-1,214	-1,095
Net Debt Issued (Repaid)	475.74	-39.68	71.81	-1.54	361.13	-989.96
Common Dividends Paid	-	-100.75	-8.53	-	-38.75	-34.1
Other Financing Activities	-156.92	-152.27	-181.08	-139.03	-80.22	-87.41
Financing Cash Flow	318.82	-292.7	-117.79	-140.57	242.16	-1,111
Foreign Exchange Rate Adjustments	-4.33	-0.86	-0.53	-0.69	10.75	3.88
Net Cash Flow	754.01	241	489.83	-81.35	570.53	11.8
Free Cash Flow	376.35	407.47	904.91	178.34	374.8	558.87
Free Cash Flow Growth	1.21%	-54.97%	407.42%	-52.42%	-32.94%	12.61%
Free Cash Flow Margin	36.15%	42.13%	80.85%	17.23%	31.55%	68.25%
Free Cash Flow Per Share	0.20	0.21	0.48	0.09	0.20	0.30
Cash Interest Paid	156.92	152.27	181.08	139.03	80.22	87.41
Cash Income Tax Paid	17.5	17.07	19.07	17.1	46.25	42.15
Levered Free Cash Flow	251.29	225.17	725.58	-73.78	-57.45	1,527
Unlevered Free Cash Flow	349.19	321.63	843.2	18.99	-57.45	1,582
Change in Working Capital	151.62	203.68	645.12	-0.06	124.64	454.65

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