SPC Power 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	2,286	1,483	1,170	1,272	1,191	1,603
Depreciation & Amortization	62.64	81.98	93.34	84.26	86.37	93.61
Other Amortization	0.61	0.61	0.61	-	0.61	0.61
Loss (Gain) on Sale of Assets	161.82	-	-	-	0.98	0.3
Loss (Gain) on Equity Investments	-693.09	-810.09	-587.16	-925.35	-867.85	-1,213
Change in Accounts Receivable	-233.18	236.3	81.82	-202.97	-151.78	77.59
Change in Inventory	97.5	32.48	68.15	-77.73	-26.19	14.74
Change in Accounts Payable	32.62	-356.93	-29.68	228.03	79.03	-33.23
Change in Other Net Operating Assets	0.4	-147.32	19.32	-10.54	-9.44	52.14
Other Operating Activities	99.23	-158.74	-94.5	-100.15	-1.94	33.51
Net Cash from Discontinued Operations	-161.82	39.66	116.08	98.37	-	-
Operating Cash Flow	1,652	400.59	837.89	366.28	300.43	629.24
Operating Cash Flow Growth	260.36%	-52.19%	128.76%	21.92%	-52.25%	-5.21%
Capital Expenditures	-53.05	-62.66	-94.5	-73.87	-70.78	-49.46
Sale of Property, Plant & Equipment	2.9	307.15	-	-	0.09	0.12
Investment in Securities	-	-199.61	-	-	-	-
Other Investing Activities	879.93	1,098	169.69	1,008	1,136	1,385
Investing Cash Flow	829.77	1,143	74.91	934.15	1,065	1,336
Long-Term Debt Repaid	-	-2.44	-1.83	-3.53	-1.77	-4.31
Net Debt Issued (Repaid)	-2.75	-2.44	-1.83	-3.53	-1.77	-4.31
Common Dividends Paid	-643.22	-1,666	-191.03	-317.57	-2,326	-1,244
Financing Cash Flow	-645.98	-1,668	-192.85	-321.1	-2,328	-1,248
Foreign Exchange Rate Adjustments	38.05	40.8	-8.32	67.98	1.64	-0.39
Net Cash Flow	1,874	-84.3	711.62	1,047	-960.2	716.9
Free Cash Flow	1,599	337.93	743.39	292.4	229.66	579.77
Free Cash Flow Growth	338.85%	-54.54%	154.24%	27.32%	-60.39%	3.50%
Free Cash Flow Margin	57.29%	11.14%	25.87%	11.72%	9.30%	29.05%
Free Cash Flow Per Share	1.07	0.23	0.50	0.20	0.15	0.39
Cash Interest Paid	0.43	3.35	0.72	0.5	0.16	0.59
Cash Income Tax Paid	172.76	83.23	166.63	66.25	96.44	132.31
Levered Free Cash Flow	1,021	176.05	488.37	115.73	72.45	341.44
Unlevered Free Cash Flow	1,025	179.96	491.8	118.83	75.24	344.35
Change in Working Capital	-102.66	-235.47	139.62	-63.21	-108.38	111.24

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