SM Prime Holdings 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	48,994	45,632	40,011	30,100	21,787	18,007
Depreciation & Amortization	15,416	15,038	13,657	12,488	10,817	10,342
Gain (Loss) on Sale of Assets	-105.94	-24.56	148.14	105.7	-551.97	-
Income (Loss) on Equity Investments	-2,385	-2,043	-2,163	-1,720	-1,187	-694.47
Change in Accounts Receivable	-22,130	-23,886	-16,337	-8,760	-16,304	-27,105
Change in Accounts Payable	11,428	13,339	19,253	1,830	12,049	8,783
Change in Other Net Operating Assets	-1,349	3,510	-494.67	1,566	-1,668	-4,037
Other Operating Activities	13,276	14,607	14,019	12,547	10,424	9,485
Operating Cash Flow	68,577	67,289	62,655	35,693	30,667	17,190
Operating Cash Flow Growth	-0.63%	7.40%	75.54%	16.39%	78.40%	-66.77%
Acquisition of Real Estate Assets	-80,962	-69,726	-64,113	-38,964	-39,463	-37,673
Sale of Real Estate Assets	464.44	464.44	90.07	85.77	453.3	-
Net Sale / Acq. of Real Estate Assets	-80,498	-69,261	-64,023	-38,879	-39,010	-37,673
Investment in Marketable & Equity Securities	-	-	-	-	-	-7,667
Other Investing Activities	3,884	4,707	-2,691	-13,366	-5,104	1,395
Investing Cash Flow	-76,664	-64,554	-66,714	-52,244	-44,114	-43,944
Long-Term Debt Issued	-	165,601	111,563	94,326	86,849	91,404
Short-Term Debt Repaid	-	-73,673	-29,564	-19,995	-15,960	-
Long-Term Debt Repaid	-	-73,096	-67,576	-44,707	-35,384	-54,778
Total Debt Repaid	-157,963	-146,769	-97,139	-64,702	-51,344	-54,778
Net Debt Issued (Repaid)	29,895	18,832	14,424	29,624	35,505	36,626
Common Dividends Paid	-14,378	-10,439	-7,163	-2,943	-2,675	-5,338
Other Financing Activities	-13,381	-11,690	-13,487	-7,755	-10,207	-8,470
Foreign Exchange Rate Adjustments	12.75	-8.62	43.04	-90.42	-62.79	-2.15
Net Cash Flow	-6,165	-570.63	-10,243	2,284	9,114	-3,938
Cash Interest Paid	13,603	14,086	13,782	11,029	9,838	8,470
Cash Income Tax Paid	9,854	8,726	7,665	6,584	3,232	2,316
Levered Free Cash Flow	24,311	39,260	48,293	8,390	5,337	24,871
Unlevered Free Cash Flow	33,784	48,695	57,795	15,829	11,438	30,446
Change in Working Capital	-6,619	-5,920	-3,016	-17,827	-10,620	-19,948

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