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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	144.62	120.22	99.46	78.21	61.84	61.31
Depreciation & Amortization	60.33	51.85	37.08	15.95	14.47	8.16
Loss (Gain) From Sale of Assets	-42.42	-42.42	-20.6	-0.75	-	-
Other Operating Activities	191.63	161.46	118.78	93.51	46.14	51.47
Change in Accounts Receivable	61.66	33.43	-109.81	-162.05	103.08	-222.41
Change in Inventory	-667.6	-95.68	2.03	-103.07	-4.32	0.29
Change in Accounts Payable	162.91	8.44	14.34	13.07	-3.62	-55.24
Change in Other Net Operating Assets	-595.23	-760.26	-145.62	-334.98	-201.15	0.95
Operating Cash Flow	-684.09	-522.98	-4.35	-400.12	16.43	-155.46
Capital Expenditures	-297.28	-284.83	-134.48	-545.49	-98.65	-268.83
Sale of Property, Plant & Equipment	38	38	73	-	-	-
Cash Acquisitions	-	-	-	-	350	-
Divestitures	-	-	-	140.57	-	-
Sale (Purchase) of Intangibles	-13.39	-13.87	-0.43	-0.22	-0.38	-
Other Investing Activities	-188.89	-509.47	-434.63	-510.98	-224.84	-31.81
Investing Cash Flow	-461.56	-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)	931	947.75	595.1	588.71	485.48	481.25
Issuance of Common Stock	666.02	666.02	0	-	92	-
Common Dividends Paid	-56.93	-56.93	-	-	-	-
Other Financing Activities	-176.89	-199.27	-45.44	192.27	-4.64	8.38
Financing Cash Flow	1,363	1,358	549.66	780.98	572.85	489.63
Miscellaneous Cash Flow Adjustments	0	-0	-	-	-	-
Net Cash Flow	217.54	64.41	48.77	-535.27	615.41	33.54
Free Cash Flow	-981.37	-807.81	-138.83	-945.62	-82.23	-424.29
Free Cash Flow Margin	-19.84%	-19.28%	-4.12%	-32.88%	-3.79%	-32.83%
Free Cash Flow Per Share	-0.09	-0.08	-0.02	-0.30	-0.03	-0.27
Cash Interest Paid	164.11	164.11	117.19	84.07	54.12	33.29
Cash Income Tax Paid	60.33	60.33	40.2	14.88	30.09	7.04
Levered Free Cash Flow	-1,401	-1,528	-689.54	-619.39	-	-
Unlevered Free Cash Flow	-1,282	-1,419	-611.34	-565.69	-	-
Change in Working Capital	-1,038	-814.08	-239.07	-587.04	-106.02	-276.4

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