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 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	136.71	448.99	471.68	544.25	-74.18	399.55
Depreciation & Amortization	32.65	29.64	37.17	37.26	37.03	56.25
Other Amortization	1.6	1.6	4.82	3.09	5.16	5.44
Loss (Gain) From Sale of Investments	-269.22	-18.95	-41.55	-126.64	464.74	7.42
Other Operating Activities	164.48	106.17	83.12	55.63	179.12	97.43
Change in Accounts Receivable	153.19	13.21	-95.89	-11.44	-435.42	271.33
Change in Accounts Payable	-0.66	-55.84	-50.78	-16.9	-13.97	-99.51
Change in Other Net Operating Assets	-41	-6.38	-11.94	-4.4	-11.29	-3.81
Operating Cash Flow	996.4	1,468	-443.45	-387.66	936.17	448.8
Operating Cash Flow Growth	14.45%	-	-	-	108.59%	-44.92%
Capital Expenditures	-2.23	-2.23	-11.24	-8.11	-3.7	-0.8
Sale (Purchase) of Intangibles	11.82	-	-2.46	-	-2.66	-
Investing Cash Flow	9.59	-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	-19.3	-26.74	-26.4	-2,020	-374.56
Net Debt Issued (Repaid)	-19.3	-19.3	-26.74	-26.4	-20.16	-24.56
Common Dividends Paid	-1,593	-1,121	-	-	-	-
Other Financing Activities	-4.13	-4.56	-8.56	-6	-3.57	5.92
Financing Cash Flow	-1,617	-1,144	-35.3	-32.4	-23.74	-18.64
Foreign Exchange Rate Adjustments	13.51	11.21	8.98	6.83	42.56	22.97
Miscellaneous Cash Flow Adjustments	-11.82	-	-	-	-	-0
Net Cash Flow	-609.13	332.05	-483.46	-421.34	948.63	452.33
Free Cash Flow	994.17	1,465	-454.69	-395.77	932.46	447.99
Free Cash Flow Growth	15.69%	-	-	-	108.14%	-44.67%
Free Cash Flow Margin	142.08%	144.20%	-40.32%	-33.77%	284.47%	47.25%
Free Cash Flow Per Share	0.24	0.35	-0.11	-0.09	0.22	0.11
Cash Interest Paid	-	-	-	-	8.17	0.79
Cash Income Tax Paid	126.95	127.88	140.91	127.05	100.55	43.5
Levered Free Cash Flow	418.11	907.33	193.24	429.54	-319.41	480.31
Unlevered Free Cash Flow	419.56	908.34	194.95	430.67	-314.3	482.95
Change in Working Capital	930.18	900.1	-998.7	-901.25	324.3	-117.3

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