Grimoldi 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	14,919	15,064	5,177	12,854	2,017
Depreciation & Amortization	2,905	2,320	1,654	670.13	280.14
Other Amortization	66.52	66.1	74.82	39.89	5.34
Asset Writedown & Restructuring Costs	0.36	37.61	9.31	-	13.55
Provision & Write-off of Bad Debts	93.57	-	23.95	-	-
Other Operating Activities	1,305	-2,601	4,126	-1,224	51.7
Change in Accounts Receivable	-18,232	-2,114	-	-	-
Change in Inventory	-6,290	35,771	-30,595	-6,775	86.11
Change in Accounts Payable	645.32	-60,835	46,268	1,438	-655.35
Change in Income Taxes	1,723	4,413	-15,717	3,604	1,331
Change in Other Net Operating Assets	424.25	244.07	1,617	-3,016	-490.8
Operating Cash Flow	-2,442	-7,636	12,638	7,592	2,638
Operating Cash Flow Growth	-	-	66.47%	187.74%	-
Capital Expenditures	-4,791	-2,979	-2,507	-981.39	-183.21
Cash Acquisitions	-	-	-	-	-292.19
Sale (Purchase) of Intangibles	-32.11	-91.64	-34	-19.45	-0.86
Investment in Securities	919.46	1,674	-1,603	-735.91	-
Other Investing Activities	-	-	0.98	-	0.14
Investing Cash Flow	-3,904	-1,397	-4,143	-1,737	-476.12
Short-Term Debt Issued	9,701	11,826	-	-	-
Total Debt Issued	9,701	11,826	-	-	-
Short-Term Debt Repaid	-	-	-321.06	-7,193	-
Long-Term Debt Repaid	-	-	-	-	-168.46
Total Debt Repaid	-	-	-321.06	-7,193	-168.46
Net Debt Issued (Repaid)	9,701	11,826	-321.06	-7,193	-168.46
Common Dividends Paid	-2,914	-2,539	-3,005	-	-
Financing Cash Flow	6,787	9,288	-3,326	-7,193	-168.46
Net Cash Flow	441.38	255.73	5,170	-1,338	1,994
Free Cash Flow	-7,233	-10,614	10,131	6,610	2,455
Free Cash Flow Growth	-	-	53.26%	169.24%	-
Free Cash Flow Margin	-2.62%	-3.66%	4.11%	6.86%	10.34%
Free Cash Flow Per Share	-163.24	-239.56	228.66	149.19	55.41
Levered Free Cash Flow	-11,578	611.42	24,195	4,402	2,328
Unlevered Free Cash Flow	-2,069	10,320	29,753	7,533	3,146
Change in Working Capital	-21,731	-22,522	1,573	-4,749	271.06

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