Vantage Equities 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	448.99	471.68	544.25	-74.18	399.55
Depreciation & Amortization	29.64	37.17	37.26	37.03	56.25
Other Amortization	1.6	4.82	3.09	5.16	5.44
Loss (Gain) From Sale of Investments	-18.95	-41.55	-126.64	464.74	7.42
Other Operating Activities	106.17	83.12	55.63	179.12	97.43
Change in Accounts Receivable	13.21	-95.89	-11.44	-435.42	271.33
Change in Accounts Payable	-55.84	-50.78	-16.9	-13.97	-99.51
Change in Other Net Operating Assets	-6.38	-11.94	-4.4	-11.29	-3.81
Operating Cash Flow	1,468	-443.45	-387.66	936.17	448.8
Operating Cash Flow Growth	-	-	-	108.59%	-44.92%
Capital Expenditures	-2.23	-11.24	-8.11	-3.7	-0.8
Sale (Purchase) of Intangibles	-	-2.46	-	-2.66	-
Investing Cash Flow	-2.23	-13.69	-8.11	-6.36	-0.8
Short-Term Debt Issued	-	-	-	2,000	350
Total Debt Issued	-	-	-	2,000	350
Short-Term Debt Repaid	-	-	-	-2,000	-350
Long-Term Debt Repaid	-19.3	-26.74	-26.4	-20.16	-24.56
Total Debt Repaid	-19.3	-26.74	-26.4	-2,020	-374.56
Net Debt Issued (Repaid)	-19.3	-26.74	-26.4	-20.16	-24.56
Common Dividends Paid	-1,121	-	-	-	-
Other Financing Activities	-4.56	-8.56	-6	-3.57	5.92
Financing Cash Flow	-1,144	-35.3	-32.4	-23.74	-18.64
Foreign Exchange Rate Adjustments	11.21	8.98	6.83	42.56	22.97
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0
Net Cash Flow	332.05	-483.46	-421.34	948.63	452.33
Free Cash Flow	1,465	-454.69	-395.77	932.46	447.99
Free Cash Flow Growth	-	-	-	108.14%	-44.67%
Free Cash Flow Margin	144.20%	-40.32%	-33.77%	284.47%	47.25%
Free Cash Flow Per Share	0.35	-0.11	-0.09	0.22	0.11
Cash Interest Paid	-	-	-	8.17	0.79
Cash Income Tax Paid	127.88	140.91	127.05	100.55	43.5
Levered Free Cash Flow	907.33	193.24	429.54	-319.41	480.31
Unlevered Free Cash Flow	908.34	194.95	430.67	-314.3	482.95
Change in Working Capital	900.1	-998.7	-901.25	324.3	-117.3

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