Carboclor 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	974.35	191.05	336.26	-954.29	-82.61
Depreciation & Amortization	2,071	1,787	1,133	582.87	180.06
Other Amortization	-	-	-	-	3.45
Asset Writedown & Restructuring Costs	214.8	19.95	-	-	-
Other Operating Activities	1,315	5,025	7,928	2,796	705.94
Change in Accounts Receivable	192.72	691.19	-308.65	-177.09	78.26
Change in Inventory	204.84	-211.42	-105.71	-29.27	-2.34
Change in Accounts Payable	-449.08	-857.58	841.6	-16.92	-71.42
Change in Income Taxes	59.61	-43.48	-126.62	59.89	-6.73
Change in Other Net Operating Assets	-1,043	-2,603	-3,238	-1,035	-320.58
Operating Cash Flow	3,541	3,999	6,459	1,226	484.03
Operating Cash Flow Growth	-11.46%	-38.08%	426.75%	153.34%	17.95%
Capital Expenditures	-1,721	-3,283	-2,977	-415.98	-166.54
Investing Cash Flow	-1,721	-3,283	-2,977	-415.98	-166.54
Miscellaneous Cash Flow Adjustments	-935.02	-3,747	-3,775	-1,652	-
Net Cash Flow	885.4	-3,030	-292.9	-842.07	317.49
Free Cash Flow	1,820	716.88	3,482	810.23	317.49
Free Cash Flow Growth	153.94%	-79.41%	329.72%	155.20%	12.75%
Free Cash Flow Margin	11.08%	4.54%	33.86%	18.70%	20.38%
Free Cash Flow Per Share	1.67	0.66	3.19	0.74	0.29
Levered Free Cash Flow	374.02	-167.5	-2,341	-257.36	2.07
Unlevered Free Cash Flow	374.02	782.45	-2,341	-257.36	19.61
Change in Working Capital	-1,035	-3,024	-2,938	-1,198	-322.8

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.