Holcim (Argentina) 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	-40,169	53,226	68,842	41,509	14,277
Depreciation & Amortization	51,654	49,808	37,874	17,296	5,177
Loss (Gain) From Sale of Assets	-1,796	-182	-845	-445	-168.38
Asset Writedown & Restructuring Costs	9,663	-	-	-	-
Provision & Write-off of Bad Debts	1,904	233	-12,826	826	-494.38
Other Operating Activities	-61,939	-76,968	4,192	-30,194	-176.88
Change in Accounts Receivable	-2,622	-39,131	-32,858	-11,453	-3,797
Change in Inventory	-1,811	-22,200	-16,400	-5,959	-278.36
Change in Accounts Payable	35,493	59,058	33,111	2,044	-
Change in Other Net Operating Assets	16,184	44,355	76,002	42,709	8,112
Operating Cash Flow	6,561	68,199	157,092	56,333	22,652
Operating Cash Flow Growth	-90.38%	-56.59%	178.86%	148.69%	62.14%
Capital Expenditures	-60,562	-72,370	-47,363	-13,492	-6,872
Sale of Property, Plant & Equipment	741	264	459	445	108.47
Investment in Securities	2,403	-2,666	-	-	617.05
Other Investing Activities	-5,257	-5,344	-	-	-
Investing Cash Flow	-62,675	-80,116	-46,904	-13,047	-6,147
Long-Term Debt Issued	126,243	25,306	438	95	-
Short-Term Debt Repaid	-	-	-	-	-6,673
Long-Term Debt Repaid	-86,928	-27,859	-1,285	-600	-325.47
Total Debt Repaid	-86,928	-27,859	-1,285	-600	-6,999
Net Debt Issued (Repaid)	39,315	-2,553	-847	-505	-6,999
Common Dividends Paid	-1,234	-	-142,195	-25,759	-14,975
Financing Cash Flow	38,081	-2,553	-143,042	-26,264	-21,974
Foreign Exchange Rate Adjustments	317	-91	126	-29	-38.13
Miscellaneous Cash Flow Adjustments	-2,467	-13,618	-32,650	-8,656	-2,687
Net Cash Flow	-20,183	-28,179	-65,378	8,337	-8,194
Free Cash Flow	-54,001	-4,171	109,729	42,841	15,779
Free Cash Flow Growth	-	-	156.13%	171.50%	52.01%
Free Cash Flow Margin	-10.82%	-0.79%	21.09%	16.69%	18.42%
Free Cash Flow Per Share	-147.54	-11.40	299.81	117.05	43.14
Cash Interest Paid	38,008	8,043	5,464	2,073	713.49
Cash Income Tax Paid	26,810	24,087	20,010	29,772	7,477
Levered Free Cash Flow	-29,666	-21,277	77,885	46,641	15,697
Unlevered Free Cash Flow	-1,113	-15,984	79,124	46,855	16,048
Change in Working Capital	47,244	42,082	59,855	27,341	4,037

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.