Universal Robina Cash Flow Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	11,662	12,091	13,956	23,324
Depreciation & Amortization	4,861	6,280	6,243	5,763
Other Amortization	107.87	81.74	-	92.12
Loss (Gain) From Sale of Assets	-47.52	-18.4	-3,281	-3,184
Asset Writedown & Restructuring Costs	361.65	226.21	322.67	430.08
Loss (Gain) From Sale of Investments	3.67	-172.31	-70.4	-86.61
Loss (Gain) on Equity Investments	140.07	287.25	378.97	91.08
Provision & Write-off of Bad Debts	11.4	9.34	4.05	30.42
Other Operating Activities	34.4	677.58	1,063	-11,301
Change in Accounts Receivable	2,406	-3,219	-2,605	-471.99
Change in Inventory	5,462	-7,750	-10,123	-4,118
Change in Accounts Payable	-7.72	2,707	4,185	342.13
Change in Other Net Operating Assets	-5,441	-2,873	1,206	-857.73
Operating Cash Flow	19,168	8,355	11,351	13,466
Operating Cash Flow Growth	129.43%	-26.40%	-15.71%	-28.77%
Capital Expenditures	-5,977	-8,454	-9,135	-13,200
Sale of Property, Plant & Equipment	1,106	3,689	1,828	1,985
Cash Acquisitions	-	-0.43	-486.01	-22,566
Sale (Purchase) of Intangibles	-2.29	-0.97	-3.1	-
Investment in Securities	-170	-250	-243.54	-177.05
Other Investing Activities	606.38	-271.08	0.31	22,328
Investing Cash Flow	-4,436	-5,288	-8,040	-11,630
Short-Term Debt Issued	15,650	11,550	19,630	9,200
Total Debt Issued	15,650	11,550	19,630	9,200
Short-Term Debt Repaid	-19,600	-6,800	-15,740	-4,002
Long-Term Debt Repaid	-305.42	-358.36	-500.35	-814.97
Total Debt Repaid	-19,905	-7,158	-16,240	-4,817
Net Debt Issued (Repaid)	-4,256	4,392	3,390	4,383
Repurchase of Common Stock	-2,738	-124.79	-2,552	-420.27
Common Dividends Paid	-8,231	-3,286	-3,260	-3,707
Other Financing Activities	-98	-512.05	-295.47	-
Financing Cash Flow	-15,322	-4,131	-7,018	-3,745
Net Cash Flow	-590.11	-1,064	-3,706	-1,908
Free Cash Flow	13,192	-99.53	2,216	266.79
Free Cash Flow Growth	-	-	730.60%	-96.57%
Free Cash Flow Margin	8.23%	-0.06%	1.50%	0.23%
Free Cash Flow Per Share	6.09	-0.05	1.01	0.12
Cash Interest Paid	1,519	1,336	565.66	925.49
Cash Income Tax Paid	3,749	3,087	2,399	1,847
Levered Free Cash Flow	15,621	1,873	-7,046	-5,723
Unlevered Free Cash Flow	16,586	2,835	-6,558	-5,480
Change in Working Capital	2,420	-11,135	-7,338	-5,106

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.