Solid Group 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	Jan '22 Jan 1, 2022
Net Income	696.98	551.36	509.62	427.62	666.15
Depreciation & Amortization	98.19	109.73	85.8	83.92	86.39
Loss (Gain) From Sale of Assets	-23.07	-63.08	-8.15	-2.25	-1.41
Asset Writedown & Restructuring Costs	-170.8	-263.27	-296.7	-216.03	-500.95
Loss (Gain) From Sale of Investments	10	10	40	-	-
Provision & Write-off of Bad Debts	2.93	-0.22	0.37	0.78	5.01
Other Operating Activities	-183.1	-146.4	13.08	13.87	-28.16
Change in Accounts Receivable	-181.22	-117.3	-145.63	100.39	-108.81
Change in Inventory	138.17	20.83	-14.89	-119.87	112.26
Change in Accounts Payable	-155.26	63.61	108.19	-95.63	72.1
Change in Other Net Operating Assets	324.66	-3.07	-133.92	103.28	109.04
Operating Cash Flow	557.49	162.19	157.76	296.08	411.62
Operating Cash Flow Growth	243.74%	2.81%	-46.72%	-28.07%	-
Capital Expenditures	-89.45	-146.71	-89.21	-37.22	-28.3
Sale of Property, Plant & Equipment	2.58	18.95	5.87	4.32	8.21
Cash Acquisitions	-	-	-	-100.2	-
Sale (Purchase) of Intangibles	-2.46	-0.16	-0.08	-	-
Sale (Purchase) of Real Estate	-171.59	-807.58	-1,062	-732.96	-110.52
Investment in Securities	-422.7	-46.49	-153.78	1,691	1,546
Other Investing Activities	87.42	646.13	91.88	32.01	15.96
Investing Cash Flow	-596.2	-335.86	-1,207	856.89	1,431
Short-Term Debt Issued	-	770	105	-	-
Total Debt Issued	-	770	105	-	-
Long-Term Debt Repaid	-6.82	-7.98	-7.2	-4.19	-4.96
Total Debt Repaid	-6.82	-7.98	-7.2	-4.19	-4.96
Net Debt Issued (Repaid)	-6.82	762.02	97.8	-4.19	-4.96
Common Dividends Paid	-182.15	-243.72	-160.59	-120.02	-40.08
Other Financing Activities	-54.08	-	-	-	-
Financing Cash Flow	-243.06	518.31	-62.8	-124.21	-45.03
Foreign Exchange Rate Adjustments	10.44	22.46	-9.23	0.45	33.82
Miscellaneous Cash Flow Adjustments	-229.71	-	-0.12	53.06	-
Net Cash Flow	-501.03	367.1	-1,121	1,082	1,831
Free Cash Flow	468.04	15.48	68.54	258.86	383.32
Free Cash Flow Growth	2923.78%	-77.42%	-73.52%	-32.47%	-
Free Cash Flow Margin	14.46%	0.54%	2.78%	15.84%	24.89%
Free Cash Flow Per Share	0.26	0.01	0.04	0.14	0.21
Cash Income Tax Paid	-	418.53	112.5	91.61	52.05
Levered Free Cash Flow	340.53	-16.59	121.76	30.89	389.18
Unlevered Free Cash Flow	378.19	-15.41	122.82	31.21	389.83
Change in Working Capital	126.35	-35.93	-186.26	-11.83	184.59

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