Upson International 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	417.93	398.85	480.18	464.19	537.86	403.64
Depreciation & Amortization	459.52	470.42	408.06	309.08	280.83	303.33
Loss (Gain) From Sale of Assets	-1.13	0	-	-	-	-
Other Operating Activities	208.72	217.8	195.5	54.72	129.77	100.99
Change in Accounts Receivable	-38.76	35.94	-149.76	-108.77	-24.35	51.89
Change in Inventory	-913.63	-595.67	-1,136	-687.18	-684.13	-520.23
Change in Accounts Payable	157.83	10.37	-133.16	61.57	-527.96	607.29
Change in Other Net Operating Assets	-49.57	-71.76	-28.32	-25.18	-32.22	-23.9
Operating Cash Flow	240.92	465.94	-363.18	68.43	-320.21	923.02
Operating Cash Flow Growth	-	-	-	-	-	73.95%
Capital Expenditures	-171.49	-516.76	-194.53	-219.5	-109.23	-58.82
Other Investing Activities	-95	-95	-	-	-	1,099
Investing Cash Flow	-265.36	-611.76	-194.53	-219.5	-109.23	1,040
Long-Term Debt Issued	-	4,159	2,883	2,611	2,870	2,855
Total Debt Issued	4,193	4,159	2,883	2,611	2,870	2,855
Long-Term Debt Repaid	-	-3,728	-2,487	-2,798	-2,562	-4,220
Total Debt Repaid	-4,311	-3,728	-2,487	-2,798	-2,562	-4,220
Net Debt Issued (Repaid)	-118.15	431.19	396.28	-187.15	307.58	-1,365
Issuance of Common Stock	-	-	-	1,430	0	232.5
Common Dividends Paid	-187.5	-187.5	-187.5	-413.31	-114.69	-307
Other Financing Activities	-163.83	-163.87	-122.59	-119.32	-62.83	-103.55
Financing Cash Flow	-469.48	79.82	86.19	710.53	130.06	-1,543
Net Cash Flow	-493.92	-66	-471.52	559.46	-299.38	419.95
Free Cash Flow	69.43	-50.82	-557.71	-151.07	-429.44	864.2
Free Cash Flow Growth	-	-	-	-	-	78.15%
Free Cash Flow Margin	0.53%	-0.39%	-4.88%	-1.51%	-4.54%	10.09%
Free Cash Flow Per Share	0.02	-0.02	-0.18	-0.05	-0.17	0.65
Cash Interest Paid	163.87	163.87	134.59	119.32	62.83	103.55
Cash Income Tax Paid	145.49	145.49	134.07	187.15	135.15	91.81
Levered Free Cash Flow	-372.59	-535.44	-998.35	-814.57	-342.75	1,752
Unlevered Free Cash Flow	-249.82	-416.93	-903.01	-737.39	-296.41	1,824
Change in Working Capital	-844.13	-621.12	-1,447	-759.56	-1,269	115.06

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