Grupo Financiero Galicia 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	196,046	2,097,530	797,156	357,609	64,143
Depreciation & Amortization	304,585	247,400	199,255	205,243	28,240
Provision for Credit Losses	2,951,274	1,121,018	450,820	386,067	42,426
Change in Trading Asset Securities	584,955	634,564	-880,982	242,232	-27,061
Change in Other Net Operating Assets	-14,886,338	-22,623,976	218,841	-1,101,256	-428,096
Other Operating Activities	949,097	2,441,117	5,432,398	3,238,529	38,428
Operating Cash Flow	-9,900,382	-16,082,347	6,217,487	3,328,425	-281,921
Operating Cash Flow Growth	-	-	86.80%	-	-
Capital Expenditures	-245,915	-285,480	-174,998	-136,427	-20,542
Sale of Property, Plant and Equipment	22,789	11,922	11,385	4,476	1,267
Cash Acquisitions	-366,766	1,405,772	-32,320	-5,724	-407.37
Divestitures	-	-	-	-	88.01
Other Investing Activities	3,628	5,941	2,400	-	2,025
Investing Cash Flow	-586,263	1,138,155	-193,533	-137,675	-17,571
Long-Term Debt Issued	4,061,879	2,757,804	1,061,072	1,048,894	91,349
Long-Term Debt Repaid	-2,984,994	-1,403,579	-1,180,439	-693,848	-71,179
Net Debt Issued (Repaid)	1,076,885	1,354,225	-119,366	355,046	20,170
Issuance of Common Stock	126,047	-	-	-	-
Common Dividends Paid	-329,134	-808,951	-423,851	-156,546	-3,752
Net Increase (Decrease) in Deposit Accounts	8,917,474	18,753,146	-2,275,587	913,700	833,823
Other Financing Activities	-	-1,288	-	-	-
Financing Cash Flow	9,791,272	19,297,132	-2,818,805	1,112,201	850,242
Foreign Exchange Rate Adjustments	3,779,295	1,569,410	2,444,702	1,323,715	86,483
Net Cash Flow	788,577	125,510	-2,043,226	561,330	136,507
Free Cash Flow	-10,146,296	-16,367,826	6,042,490	3,191,997	-302,463
Free Cash Flow Growth	-	-	89.30%	-	-
Free Cash Flow Margin	-159.79%	-180.27%	77.14%	63.71%	-53.74%
Free Cash Flow Per Share	-6324.97	-11036.31	4097.46	2164.52	-205.10
Cash Income Tax Paid	357,805	1,221,517	310,061	223,769	28,573

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