Agrometal S.A.I. Cash Flow Statement

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

Millions ARS. 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	1,640	2,585	-7,051	2,604	2,182
Depreciation & Amortization	1,860	1,532	1,623	694.38	193.29
Provision & Write-off of Bad Debts	89.45	41.88	14.11	4.89	-1.71
Other Operating Activities	7,875	6,553	4,293	3,625	1,779
Change in Accounts Receivable	-4,872	-5,998	2,575	1,048	-1,098
Change in Inventory	-1,873	218.2	3,922	907.3	-878.49
Change in Accounts Payable	-694.79	3,799	-4,764	216.32	-320.14
Change in Unearned Revenue	-648.02	1,021	-2,511	-5,204	833.94
Change in Income Taxes	-5,234	-417.53	-397.92	-5,220	-509.39
Change in Other Net Operating Assets	-3,118	-3,745	1,956	2,273	-1,189
Operating Cash Flow	-4,977	5,590	-340.5	948.08	990.65
Operating Cash Flow Growth	-	-	-	-4.30%	-10.17%
Capital Expenditures	-1,366	-1,556	-1,768	-1,753	-309.4
Investing Cash Flow	-1,366	-1,556	-1,768	-1,753	-309.4
Long-Term Debt Issued	6,479	-	-	192.48	-
Long-Term Debt Repaid	-	-1,994	-1,191	-	-100.67
Net Debt Issued (Repaid)	6,479	-1,994	-1,191	192.48	-100.67
Common Dividends Paid	-	-	-	-2,613	-
Financing Cash Flow	6,479	-1,994	-1,191	-2,420	-100.67
Net Cash Flow	136.67	2,040	-3,299	-3,225	580.58
Free Cash Flow	-6,343	4,034	-2,108	-804.68	681.25
Free Cash Flow Growth	-	-	-	-	-34.45%
Free Cash Flow Margin	-7.49%	6.33%	-4.31%	-1.76%	4.41%
Free Cash Flow Per Share	-3.93	3.36	-1.76	-0.67	0.57
Levered Free Cash Flow	-10,446	7,203	-7,336	-841.92	2,281
Unlevered Free Cash Flow	-7,925	8,858	-3,356	313.12	2,498
Change in Working Capital	-16,441	-5,122	780.91	-5,980	-3,161

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