Grimoldi Cash Flow Statement

Financials in millions ARS. Fiscal year is January - December.

Millions ARS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	14,460	11,451	5,177	12,854	2,017	-889.3
Depreciation & Amortization	1,939	1,763	1,654	670.13	280.14	207.96
Other Amortization	57.75	50.25	74.82	39.89	5.34	13.68
Asset Writedown & Restructuring Costs	-3.23	28.59	9.31	-	13.55	-
Provision & Write-off of Bad Debts	-	-	23.95	-	-	23.26
Other Operating Activities	658.11	-1,978	4,126	-1,224	51.7	21.41
Change in Inventory	2,598	27,192	-30,595	-6,775	86.11	359.51
Change in Accounts Payable	-3,215	-46,245	46,268	1,438	-655.35	-28.47
Change in Income Taxes	457.98	3,354	-15,717	3,604	1,331	61.76
Change in Other Net Operating Assets	-9,343	-1,421	1,617	-3,016	-490.8	226.11
Operating Cash Flow	7,610	-5,804	12,638	7,592	2,638	-4.08
Operating Cash Flow Growth	-	-	66.47%	187.74%	-	-
Capital Expenditures	-3,370	-2,264	-2,507	-981.39	-183.21	-14.04
Cash Acquisitions	-	-	-	-	-292.19	-
Sale (Purchase) of Intangibles	-76.37	-69.66	-34	-19.45	-0.86	-1.13
Investment in Securities	-1,016	1,272	-1,603	-735.91	-	-
Other Investing Activities	0	-	0.98	-	0.14	-
Investing Cash Flow	-4,463	-1,062	-4,143	-1,737	-476.12	-15.17
Short-Term Debt Issued	-	8,990	-	-	-	-
Total Debt Issued	8,943	8,990	-	-	-	-
Short-Term Debt Repaid	-	-	-321.06	-7,193	-	-
Long-Term Debt Repaid	-	-	-	-	-168.46	-46.83
Total Debt Repaid	-	-	-321.06	-7,193	-168.46	-46.83
Net Debt Issued (Repaid)	8,943	8,990	-321.06	-7,193	-168.46	-46.83
Common Dividends Paid	-2,259	-1,930	-3,005	-	-	-
Other Financing Activities	-0	-	-	-	-	13.62
Financing Cash Flow	6,685	7,060	-3,326	-7,193	-168.46	-33.21
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-	-0
Net Cash Flow	9,832	194.4	5,170	-1,338	1,994	-52.46
Free Cash Flow	4,240	-8,069	10,131	6,610	2,455	-18.12
Free Cash Flow Growth	-	-	53.26%	169.24%	-	-
Free Cash Flow Margin	1.86%	-3.66%	4.11%	6.86%	10.34%	-0.30%
Free Cash Flow Per Share	95.69	-182.11	228.66	149.19	55.41	-0.41
Levered Free Cash Flow	-11,414	7,394	24,195	4,402	2,328	-467.04
Unlevered Free Cash Flow	-2,778	14,774	29,753	7,533	3,146	-274.87
Change in Working Capital	-9,502	-17,121	1,573	-4,749	271.06	618.91

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