Carboclor Cash Flow Statement

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

Millions ARS. 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	1,134	145.23	336.26	-954.29	-82.61	115.84
Depreciation & Amortization	1,577	1,358	1,133	582.87	180.06	86.01
Other Amortization	-	-	-	-	3.45	-
Other Operating Activities	825.04	3,820	7,928	2,796	705.94	213.16
Change in Accounts Receivable	-149.93	525.42	-308.65	-177.09	78.26	33.34
Change in Inventory	-93.86	-160.71	-105.71	-29.27	-2.34	3.12
Change in Accounts Payable	-573.97	-651.91	841.6	-16.92	-71.42	-16.31
Change in Income Taxes	144.14	-33.05	-126.62	59.89	-6.73	0.26
Change in Other Net Operating Assets	-708.58	-1,978	-3,238	-1,035	-320.58	-25.06
Operating Cash Flow	2,154	3,025	6,459	1,226	484.03	410.37
Operating Cash Flow Growth	-63.91%	-53.16%	426.75%	153.34%	17.95%	481.77%
Capital Expenditures	-1,172	-2,495	-2,977	-415.98	-166.54	-128.78
Other Investing Activities	20.01	15.16	-	-	-	-
Investing Cash Flow	-1,152	-2,480	-2,977	-415.98	-166.54	-128.78
Miscellaneous Cash Flow Adjustments	-262.16	-2,848	-3,775	-1,652	-	-161.62
Net Cash Flow	740.24	-2,303	-292.9	-842.07	317.49	119.97
Free Cash Flow	982.38	529.79	3,482	810.23	317.49	281.59
Free Cash Flow Growth	-63.39%	-84.78%	329.72%	155.20%	12.75%	-
Free Cash Flow Margin	7.95%	4.41%	33.86%	18.70%	20.38%	33.38%
Free Cash Flow Per Share	0.90	0.48	3.19	0.74	0.29	0.26
Levered Free Cash Flow	-463.48	-1,987	-2,341	-257.36	2.07	-2.3
Unlevered Free Cash Flow	-463.48	-1,265	-2,341	-257.36	19.61	-2.3
Change in Working Capital	-1,382	-2,299	-2,938	-1,198	-322.8	-4.65

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