PSE:TOP 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	120.22	99.46	78.21	61.84	61.31
Depreciation & Amortization	51.85	37.01	15.86	14.47	8.16
Other Amortization	-	0.07	0.09	-	-
Loss (Gain) From Sale of Assets	-42.42	-20.6	-0.75	-	-
Other Operating Activities	161.46	118.78	93.51	46.14	51.47
Change in Accounts Receivable	33.43	-109.81	-162.05	103.08	-222.41
Change in Inventory	-95.68	2.03	-103.07	-4.32	0.29
Change in Accounts Payable	8.44	14.34	13.07	-3.62	-55.24
Change in Other Net Operating Assets	-760.26	-145.62	-334.98	-201.15	0.95
Operating Cash Flow	-522.98	-4.35	-400.12	16.43	-155.46
Capital Expenditures	-284.83	-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	-13.87	-0.43	-0.22	-0.38	-
Other Investing Activities	-509.47	-434.63	-510.98	-224.84	-31.81
Investing Cash Flow	-770.18	-496.54	-916.13	26.13	-300.63
Long-Term Debt Issued	5,226	1,839	1,516	1,991	853.17
Long-Term Debt Repaid	-4,279	-1,244	-926.9	-1,505	-371.92
Net Debt Issued (Repaid)	947.75	595.1	588.71	485.48	481.25
Issuance of Common Stock	681.49	0	-	92	-
Common Dividends Paid	-56.93	-	-	-	-
Other Financing Activities	-214.74	-45.44	192.27	-4.64	8.38
Financing Cash Flow	1,358	549.66	780.98	572.85	489.63
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	64.41	48.77	-535.27	615.41	33.54
Free Cash Flow	-807.81	-138.83	-945.62	-82.23	-424.29
Free Cash Flow Margin	-19.28%	-4.12%	-32.88%	-3.79%	-32.83%
Free Cash Flow Per Share	-0.08	-0.02	-0.30	-0.03	-0.27
Cash Interest Paid	-	117.19	84.07	54.12	33.29
Cash Income Tax Paid	-	40.2	14.88	30.09	7.04
Levered Free Cash Flow	-1,521	-689.54	-619.39	-	-
Unlevered Free Cash Flow	-1,412	-611.34	-565.69	-	-
Change in Working Capital	-814.08	-239.07	-587.04	-106.02	-276.4

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