Top Line Business Development Corp. (PSE:TOP)

PSE:TOP Cash Flow Statement

Financials in millions PHP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	118.37	99.46	78.21	61.84	61.31
Depreciation & Amortization	42.61	37.01	15.86	14.47	8.16
Other Amortization	0.14	0.07	0.09	-	-
Loss (Gain) From Sale of Assets	-13.67	-20.6	-0.75	-	-
Other Operating Activities	60.06	118.78	93.51	46.14	51.47
Change in Accounts Receivable	-8.44	-109.81	-162.05	103.08	-222.41
Change in Inventory	-146.33	2.03	-103.07	-4.32	0.29
Change in Accounts Payable	-4.43	14.34	13.07	-3.62	-55.24
Change in Other Net Operating Assets	-379.96	-145.62	-334.98	-201.15	0.95
Operating Cash Flow	-331.65	-4.35	-400.12	16.43	-155.46
Capital Expenditures	-260.2	-134.48	-545.49	-98.65	-268.83
Sale of Property, Plant & Equipment	38	73	-	-	-
Cash Acquisitions	-	-	-	350	-
Divestitures	-	-	140.57	-	-
Sale (Purchase) of Intangibles	-0.53	-0.43	-0.22	-0.38	-
Other Investing Activities	-393.05	-434.63	-510.98	-224.84	-31.81
Investing Cash Flow	-615.78	-496.54	-916.13	26.13	-300.63
Long-Term Debt Issued	-	1,839	1,516	1,991	853.17
Long-Term Debt Repaid	-	-1,244	-926.9	-1,505	-371.92
Net Debt Issued (Repaid)	1,232	595.1	588.71	485.48	481.25
Issuance of Common Stock	-	0	-	92	-
Other Financing Activities	-6.24	-45.44	192.27	-4.64	8.38
Financing Cash Flow	1,098	549.66	780.98	572.85	489.63
Net Cash Flow	151.04	48.77	-535.27	615.41	33.54
Free Cash Flow	-591.85	-138.83	-945.62	-82.23	-424.29
Free Cash Flow Margin	-14.68%	-4.12%	-32.88%	-3.79%	-32.83%
Free Cash Flow Per Share	-0.06	-0.02	-0.30	-0.03	-0.27
Cash Interest Paid	76.62	117.19	84.07	54.12	33.29
Cash Income Tax Paid	65.02	40.2	14.88	30.09	7.04
Levered Free Cash Flow	-1,074	-689.54	-619.39	-	-
Unlevered Free Cash Flow	-970.56	-611.34	-565.69	-	-
Change in Working Capital	-539.16	-239.07	-587.04	-106.02	-276.4

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