Celulosa Argentina Cash Flow Statement

Financials in millions ARS. Fiscal year is June - May.

Millions ARS. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Aug '25 Aug 31, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021	2016 - 2020
Net Income	-196,019	-133,152	396.77	33,699	-1,511	-2,312	Upgrade
Depreciation & Amortization	57,407	60,201	37,357	26,097	5,398	2,784	Upgrade
Other Amortization	-	-	-	12.51	-	-	Upgrade
Other Operating Activities	126,367	37,139	-4,213	-27,908	2,228	3,966	Upgrade
Operating Cash Flow	-12,245	-35,812	33,540	31,900	6,115	4,439	Upgrade
Operating Cash Flow Growth	-	-	5.14%	421.64%	37.77%	157.40%	Upgrade
Capital Expenditures	-1,003	-3,731	-5,500	-8,668	-359.93	-237.76	Upgrade
Sale of Property, Plant & Equipment	267.86	251.37	269.4	287.49	7.89	68.94	Upgrade
Cash Acquisitions	-	-	-	-	-	-49.39	Upgrade
Investment in Securities	-1,831	-1,174	-1,075	8,148	6,856	25.98	Upgrade
Other Investing Activities	558.31	-	-	-	-	-	Upgrade
Investing Cash Flow	-2,008	-4,653	-6,306	-233.21	6,504	-192.23	Upgrade
Long-Term Debt Issued	-	39,798	10,853	-	-	-	Upgrade
Long-Term Debt Repaid	-	-554.41	-2,354	-8,783	-6,306	-939.88	Upgrade
Net Debt Issued (Repaid)	18,065	39,244	8,500	-8,783	-6,306	-939.88	Upgrade
Preferred Dividends Paid	-	-	-	-	-	-0.02	Upgrade
Dividends Paid	-0.01	-0.01	-0.08	-1,025	-0.04	-0.02	Upgrade
Other Financing Activities	-9,260	-15,143	-15,633	-16,261	-5,241	-3,054	Upgrade
Financing Cash Flow	8,805	24,101	-7,134	-26,069	-11,547	-3,994	Upgrade
Foreign Exchange Rate Adjustments	287.2	254.26	978.46	235.95	358.29	55.31	Upgrade
Miscellaneous Cash Flow Adjustments	-2,134	-3,419	-15,548	-4,988	-869.41	-436.18	Upgrade
Net Cash Flow	-7,295	-19,529	5,531	846.52	560.56	-128.06	Upgrade
Free Cash Flow	-13,248	-39,543	28,040	23,232	5,755	4,201	Upgrade
Free Cash Flow Growth	-	-	20.70%	303.65%	37.00%	180.31%	Upgrade
Free Cash Flow Margin	-6.70%	-15.29%	6.03%	7.09%	7.51%	12.53%	Upgrade
Free Cash Flow Per Share	-1.31	-391.62	277.70	2.30	0.57	0.42	Upgrade
Cash Interest Paid	16,735	22,618	15,633	17,135	5,025	2,978	Upgrade
Levered Free Cash Flow	42,139	22,398	27,358	11,230	8,151	61.68	Upgrade
Unlevered Free Cash Flow	66,377	46,359	48,997	24,914	11,625	1,978	Upgrade

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