Vantage Equities Cash Flow Statement

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

Millions PHP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	150.62	471.68	544.25	-74.18	399.55	370.21
Depreciation & Amortization	38.04	37.17	37.26	37.03	56.25	70.17
Other Amortization	4.82	4.82	3.09	5.16	5.44	3.16
Loss (Gain) From Sale of Investments	241.63	-41.55	-126.64	464.74	7.42	10.57
Other Operating Activities	53.63	83.12	55.63	179.12	97.43	111.61
Change in Accounts Receivable	189.9	-95.89	-11.44	-435.42	271.33	286.98
Change in Accounts Payable	-36.25	-50.78	-16.9	-13.97	-99.51	-90.76
Change in Other Net Operating Assets	-9.05	-11.94	-4.4	-11.29	-3.81	-6.38
Operating Cash Flow	1,297	-443.45	-387.66	936.17	448.8	814.87
Operating Cash Flow Growth	-	-	-	108.59%	-44.92%	-
Capital Expenditures	2.5	-11.24	-8.11	-3.7	-0.8	-5.23
Sale (Purchase) of Intangibles	-2.46	-2.46	-	-2.66	-	-
Investing Cash Flow	0.04	-13.69	-8.11	-6.36	-0.8	-5.23
Short-Term Debt Issued	-	-	-	2,000	350	-
Total Debt Issued	-	-	-	2,000	350	-
Short-Term Debt Repaid	-	-	-	-2,000	-350	-
Long-Term Debt Repaid	-	-26.74	-26.4	-20.16	-24.56	-33.6
Total Debt Repaid	-34.93	-26.74	-26.4	-2,020	-374.56	-33.6
Net Debt Issued (Repaid)	-34.93	-26.74	-26.4	-20.16	-24.56	-33.6
Repurchase of Common Stock	-	-	-	-	-	-23.08
Other Financing Activities	-3.3	-8.56	-6	-3.57	5.92	24.48
Financing Cash Flow	-1,118	-35.3	-32.4	-23.74	-18.64	-32.2
Foreign Exchange Rate Adjustments	-11.26	8.98	6.83	42.56	22.97	-40.16
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0	-
Net Cash Flow	167.74	-483.46	-421.34	948.63	452.33	737.29
Free Cash Flow	1,299	-454.69	-395.77	932.46	447.99	809.65
Free Cash Flow Growth	-	-	-	108.14%	-44.67%	-
Free Cash Flow Margin	179.55%	-40.36%	-33.78%	284.47%	47.25%	83.51%
Free Cash Flow Per Share	0.31	-0.11	-0.09	0.22	0.11	0.19
Cash Interest Paid	-	-	-	8.17	0.79	0.03
Cash Income Tax Paid	130.04	140.91	127.05	100.55	43.5	74.18
Levered Free Cash Flow	381.85	287.97	429.2	-319.41	480.31	559
Unlevered Free Cash Flow	383.56	289.69	430.33	-314.3	482.95	561.36
Change in Working Capital	807.88	-998.7	-901.25	324.3	-117.3	249.16

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.