Shell Pilipinas 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	2,110	1,250	1,183	4,076	3,856
Depreciation & Amortization	5,569	5,284	5,265	4,419	4,043
Other Amortization	12.02	4.99	3.51	11.76	442.55
Loss (Gain) From Sale of Assets	235.7	-24.8	52.81	30.6	-41.59
Asset Writedown & Restructuring Costs	573.93	1,129	-997.01	0.26	308.84
Loss (Gain) on Equity Investments	-106.69	-108.34	-90.98	-105.19	-16.37
Stock-Based Compensation	235.61	195.17	127.37	195.02	85.41
Other Operating Activities	3,454	3,763	4,025	2,441	5,008
Change in Inventory	-2,084	-5,061	503.18	-15,663	-14,139
Change in Accounts Payable	689.91	1,035	-5,816	6,216	1,525
Operating Cash Flow	10,689	7,466	4,256	1,621	1,072
Operating Cash Flow Growth	43.17%	75.43%	162.54%	51.28%	-81.98%
Capital Expenditures	-2,444	-2,445	-5,420	-4,749	-3,412
Sale of Property, Plant & Equipment	150.28	86.94	27.07	129.49	44.8
Other Investing Activities	134.62	76.87	88.99	112.02	28.16
Investing Cash Flow	-2,159	-2,281	-5,304	-4,508	-3,339
Short-Term Debt Issued	-	2,591	6,463	9,607	-
Long-Term Debt Issued	11,000	-	9,000	-	6,000
Total Debt Issued	11,000	2,591	15,463	9,607	6,000
Short-Term Debt Repaid	-7,541	-	-	-	-4,780
Long-Term Debt Repaid	-8,708	-2,940	-12,096	-1,852	-1,912
Total Debt Repaid	-16,249	-2,940	-12,096	-1,852	-6,692
Net Debt Issued (Repaid)	-5,249	-348.98	3,367	7,755	-692.25
Common Dividends Paid	-0	-0	-0.22	-1,613	-0.24
Other Financing Activities	-3,463	-3,675	-3,479	-1,970	-1,659
Financing Cash Flow	-8,712	-4,024	-112.22	4,173	-2,352
Foreign Exchange Rate Adjustments	0.01	-0.01	0	-13	13
Net Cash Flow	-181.91	1,161	-1,160	1,273	-4,606
Free Cash Flow	8,245	5,021	-1,164	-3,128	-2,341
Free Cash Flow Growth	64.20%	-	-	-	-
Free Cash Flow Margin	3.57%	2.06%	-0.46%	-1.07%	-1.32%
Free Cash Flow Per Share	5.11	3.11	-0.72	-1.94	-1.45
Cash Interest Paid	3,463	3,675	3,479	1,970	1,659
Levered Free Cash Flow	7,530	643.07	-259.77	-45.74	-1,338
Unlevered Free Cash Flow	9,694	2,940	1,985	1,183	-403.39
Change in Working Capital	-1,394	-4,026	-5,312	-9,447	-12,615

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