BCBA:LEDE Cash Flow Statement

Financials in millions ARS. Fiscal year is June - May.

Millions ARS. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Net Income	-56,054	-25,178	56,187	51,028	12,077	8,358
Depreciation & Amortization	39,750	37,665	35,454	26,314	7,036	2,775
Loss (Gain) From Sale of Assets	-2,532	-2,682	-3,323	-	-	-
Asset Writedown & Restructuring Costs	-7,679	-	-	8,388	-620.35	-393.02
Loss (Gain) on Equity Investments	438.95	-696.93	-376.84	843.3	95.45	42.91
Other Operating Activities	23,451	-8,215	117,056	23,370	1,932	-1,994
Change in Accounts Receivable	12,211	-33,319	18,759	17,449	-12,948	-1,834
Change in Inventory	15,645	8,280	-41,133	2,441	-3,866	204.06
Change in Accounts Payable	-22,302	-23,332	-41,220	-40,487	9,330	1,049
Operating Cash Flow	2,928	-47,477	141,402	89,345	13,037	8,208
Operating Cash Flow Growth	-	-	58.27%	585.30%	58.84%	132.41%
Capital Expenditures	-34,635	-41,030	-64,502	-25,517	-5,988	-4,129
Sale of Property, Plant & Equipment	3,557	3,436	3,682	700.19	703.78	426.44
Investment in Securities	246.19	2,025	-2,023	-	-	-
Other Investing Activities	242	242	5,808	-	-	4,094
Investing Cash Flow	-30,590	-35,327	-57,035	-24,816	-5,284	390.87
Long-Term Debt Issued	-	128,667	-	-	-	-
Long-Term Debt Repaid	-	-	-64,820	-26,187	-8,540	-6,310
Net Debt Issued (Repaid)	55,034	128,667	-64,820	-26,187	-8,540	-6,310
Common Dividends Paid	-	-21,567	-24,797	-17,041	-790.12	-
Other Financing Activities	-32,845	-36,068	-3,644	-	-	-
Financing Cash Flow	22,067	71,031	-93,261	-43,228	-9,330	-6,310
Foreign Exchange Rate Adjustments	5,311	2,746	296.44	1,230	112.6	29.45
Miscellaneous Cash Flow Adjustments	2,306	-839.56	-13,877	-7,120	-1,158	-245.8
Net Cash Flow	2,022	-9,866	-22,474	15,411	-2,623	2,073
Free Cash Flow	-31,707	-88,508	76,901	63,828	7,049	4,079
Free Cash Flow Growth	-	-	20.48%	805.49%	72.82%	201.72%
Free Cash Flow Margin	-4.10%	-10.64%	7.33%	9.57%	4.28%	5.62%
Free Cash Flow Per Share	-72.48	-202.04	174.89	145.16	16.03	9.28
Cash Interest Paid	36,068	36,068	3,644	-	-	-
Cash Income Tax Paid	-	17,449	24,508	13,695	2,999	969.1
Levered Free Cash Flow	-105,861	-54,936	-21,974	-60,302	-15,126	-2,150
Unlevered Free Cash Flow	-95,581	-47,773	-20,564	-58,612	-13,367	-1,239
Change in Working Capital	5,554	-48,371	-63,594	-20,598	-7,484	-581.39

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