PSE:TOP 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
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
Net Income	133.13	114.21	77.17	61.84	61.31
Depreciation & Amortization	34.31	28.7	11.06	14.37	8.16
Other Amortization	0.09	0.02	0.05	0.1	-
Loss (Gain) From Sale of Assets	-13.67	-20.6	-0.75	-	-
Other Operating Activities	61.54	120.26	95.87	46.14	51.47
Change in Accounts Receivable	-37.49	-138.86	-235.89	103.08	-222.41
Change in Inventory	-152.57	-4.21	-97.99	-4.32	0.29
Change in Accounts Payable	-11.41	7.36	23.95	-3.62	-55.24
Change in Other Net Operating Assets	-443.91	-209.58	-381.93	-201.15	0.95
Operating Cash Flow	-429.99	-102.69	-508.47	16.43	-155.46
Capital Expenditures	-188.25	-62.53	-463.01	-98.65	-268.83
Sale of Property, Plant & Equipment	38	73	-	-	-
Cash Acquisitions	-4.13	-4.13	-50.11	350	-
Divestitures	0.48	0.48	296.25	-	-
Sale (Purchase) of Intangibles	-0.22	-0.12	-	-0.38	-
Other Investing Activities	-246.22	-287.8	-56.54	-224.84	-31.81
Investing Cash Flow	-400.34	-281.09	-273.4	26.13	-300.63
Long-Term Debt Issued	-	1,714	1,516	1,991	853.17
Long-Term Debt Repaid	-	-1,240	-925.01	-1,505	-371.92
Net Debt Issued (Repaid)	1,110	473.25	590.61	485.48	481.25
Issuance of Common Stock	-	0	-	92	-
Other Financing Activities	-4.94	-44.14	165.31	-4.64	8.38
Financing Cash Flow	977.93	429.11	755.92	572.85	489.63
Net Cash Flow	147.6	45.33	-25.95	615.41	33.54
Free Cash Flow	-618.24	-165.22	-971.47	-82.23	-424.29
Free Cash Flow Margin	-15.41%	-4.92%	-34.77%	-3.79%	-32.83%
Free Cash Flow Per Share	-0.06	-0.02	-0.39	-0.03	-0.27
Cash Interest Paid	73.56	114.14	84.07	54.12	33.29
Cash Income Tax Paid	64.57	39.74	14.91	30.09	7.04
Levered Free Cash Flow	-998.18	-528.14	-461.82	-	-
Unlevered Free Cash Flow	-896.8	-452.38	-408.65	-	-
Change in Working Capital	-645.38	-345.29	-691.86	-106.02	-276.4

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