SPC Power 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	2,223	1,483	1,170	1,272	1,191
Depreciation & Amortization	62.4	81.98	93.95	84.26	86.37
Other Amortization	0.61	0.61	-	-	0.61
Loss (Gain) on Sale of Assets	-0.04	-161.82	-	-	0.98
Loss (Gain) on Equity Investments	-502.18	-810.09	-587.16	-925.35	-867.85
Change in Accounts Receivable	-174.39	-19.79	81.82	-202.97	-151.78
Change in Inventory	14.56	-14.87	68.15	-77.73	-26.19
Change in Accounts Payable	134.32	-149.12	-29.68	228.03	79.03
Change in Other Net Operating Assets	-11.32	10.15	19.32	-10.54	-9.44
Other Operating Activities	-13.43	-143.33	-94.5	-100.15	-1.94
Net Cash from Discontinued Operations	-	201.48	116.08	98.37	-
Operating Cash Flow	1,733	477.85	837.89	366.28	300.43
Operating Cash Flow Growth	262.69%	-42.97%	128.76%	21.92%	-52.25%
Capital Expenditures	-42.38	-36.92	-94.78	-73.87	-70.78
Sale of Property, Plant & Equipment	2.97	231.3	-	-	0.09
Investment in Securities	-	-199.61	-	-	-
Other Investing Activities	1,202	1,096	169.69	1,008	1,136
Investing Cash Flow	1,163	1,065	74.91	934.15	1,065
Long-Term Debt Repaid	-2.63	-2.44	-1.83	-3.53	-1.77
Net Debt Issued (Repaid)	-2.63	-2.44	-1.83	-3.53	-1.77
Common Dividends Paid	-582.05	-1,666	-191.03	-317.57	-2,326
Financing Cash Flow	-584.68	-1,668	-192.85	-321.1	-2,328
Foreign Exchange Rate Adjustments	23.98	40.8	-8.32	67.98	1.64
Net Cash Flow	2,335	-84.3	711.62	1,047	-960.2
Free Cash Flow	1,691	440.93	743.11	292.4	229.66
Free Cash Flow Growth	283.45%	-40.66%	154.14%	27.32%	-60.39%
Free Cash Flow Margin	56.47%	14.53%	25.86%	11.72%	9.30%
Free Cash Flow Per Share	1.13	0.29	0.50	0.20	0.15
Cash Interest Paid	0.39	3.35	0.72	0.5	0.16
Cash Income Tax Paid	244.47	80.72	166.63	66.25	96.44
Levered Free Cash Flow	2,339	201.78	488.09	115.73	72.45
Unlevered Free Cash Flow	2,343	205.7	491.52	118.83	75.24
Change in Working Capital	-36.84	-173.63	139.62	-63.21	-108.38

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