Garovaglio y Zorraquín Cash Flow Statement

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

Millions ARS. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	-1,310	-1,287	-1,860	1,361	349.19	695.85
Depreciation & Amortization	2,421	2,257	2,117	1,521	357.57	213.25
Asset Writedown & Restructuring Costs	-1,114	78.39	1,065	623.7	87.75	594.01
Other Operating Activities	5,410	2,036	-4,153	1,145	-156.13	535.03
Change in Accounts Receivable	-424.59	-3,472	6,123	1,294	-121.02	107
Change in Inventory	-2,785	279.43	4,051	-453.21	1,606	-1,345
Change in Accounts Payable	825.79	4,748	-2,825	2,976	608.81	173.6
Change in Income Taxes	-1,115	-830.31	764.38	-2,119	-666.35	-118.78
Change in Other Net Operating Assets	1,245	-225.86	-5,964	1,590	-652.97	34.75
Operating Cash Flow	3,153	3,584	-682.02	7,938	1,412	889.79
Operating Cash Flow Growth	91.61%	-	-	462.06%	58.73%	1002.24%
Capital Expenditures	-2,672	-3,428	-4,378	-4,298	-781.22	-638.14
Investment in Securities	868.84	-2,372	5,112	-4,166	-438.09	-
Investing Cash Flow	-1,804	-5,800	733.7	-8,464	-1,219	-638.14
Long-Term Debt Issued	-	2,111	-	149.01	-	-
Long-Term Debt Repaid	-	-	-	-	-116.15	-104.67
Net Debt Issued (Repaid)	-1,373	2,111	-	149.01	-116.15	-104.67
Financing Cash Flow	-1,373	2,111	-	149.01	-116.15	-104.67
Net Cash Flow	-23.37	-104.48	51.68	-376.48	76.92	146.99
Free Cash Flow	480.41	156.21	-5,060	3,640	631.17	251.65
Free Cash Flow Growth	-	-	-	476.74%	150.81%	-
Free Cash Flow Margin	0.58%	0.20%	-5.70%	4.48%	2.78%	2.26%
Free Cash Flow Per Share	10.92	3.55	-115.00	82.73	14.35	5.72
Levered Free Cash Flow	18,078	3,423	5,266	13,459	3,380	-659.36
Unlevered Free Cash Flow	19,911	4,673	5,609	13,627	3,561	-606.73
Change in Working Capital	-2,254	499.12	2,149	3,288	774.01	-1,148

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