GCDI S.A. 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	-20,101	-16,542	-12,367	-14,021	-5,908
Depreciation & Amortization	282.8	361.52	912.76	274.29	88.64
Other Amortization	-	-	-	-	0.06
Loss (Gain) From Sale of Assets	-	-567.5	-24.13	-4,105	-3.29
Asset Writedown & Restructuring Costs	5,444	11,310	3,358	5.89	154.03
Loss (Gain) on Equity Investments	2,218	2,389	-3,726	5,168	3,065
Other Operating Activities	-29,910	-1,530	19,749	-2,044	-93.82
Change in Accounts Receivable	10,572	-2,855	9,210	1,230	771.39
Change in Inventory	1,164	13,080	8,769	1,208	-57.05
Change in Accounts Payable	-1,824	-3,592	-3,556	-3,557	739.55
Change in Unearned Revenue	-12,548	354.47	-2,164	5,193	-224.73
Change in Income Taxes	-1,975	1,108	-2,187	2,587	467.64
Change in Other Net Operating Assets	34,693	-8,995	-16,912	1,188	842.85
Operating Cash Flow	-11,984	-5,478	1,063	-6,874	-157.1
Capital Expenditures	-34.4	-100.09	-63.35	-50.67	-6.11
Sale of Property, Plant & Equipment	-	676.73	516.5	2,663	3.32
Divestitures	-	6,438	-	16,324	349.93
Sale (Purchase) of Intangibles	-	-	-	-39.75	-
Sale (Purchase) of Real Estate	844.02	-	-	-	-
Investment in Securities	-	-	-	-4,072	-
Other Investing Activities	2,928	1,099	1,219	726.41	267.93
Investing Cash Flow	3,738	8,114	1,672	15,551	615.08
Long-Term Debt Issued	7,470	-	-	-	-
Long-Term Debt Repaid	-	-1,829	-1,089	-9,153	-1,278
Net Debt Issued (Repaid)	7,470	-1,829	-1,089	-9,153	-1,278
Financing Cash Flow	7,470	-1,829	-1,089	-9,153	-1,278
Foreign Exchange Rate Adjustments	533.23	-1,078	-1,375	399.67	273.55
Net Cash Flow	-242.73	-271.39	271.9	-75.27	-546.81
Free Cash Flow	-12,019	-5,578	1,000	-6,924	-163.21
Free Cash Flow Margin	-20.70%	-4.43%	0.85%	-16.85%	-1.16%
Free Cash Flow Per Share	-13.13	-6.09	1.09	-7.49	-0.18
Cash Interest Paid	1,583	779.09	273.82	2,771	230.57
Levered Free Cash Flow	9,303	1,737	-7,205	4,965	-5,059
Unlevered Free Cash Flow	11,301	4,485	-4,288	7,298	-3,301
Change in Working Capital	30,082	-898.72	-6,839	7,849	2,540

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