MetroGAS 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	130,656	154,415	207,723	17,648	-8,562
Depreciation & Amortization	60,383	28,572	19,140	12,148	4,388
Other Amortization	-	13,808	12,783	6,891	1,566
Asset Writedown	-4,750	8,939	16,516	7,414	1,452
Change in Accounts Receivable	-	-72,445	30,820	21,819	8,776
Change in Inventory	-	-	-	22	8
Change in Accounts Payable	-129,827	-121,687	-257,741	-71,506	-19,328
Change in Income Taxes	-	-	-	-1,867	-
Change in Other Net Operating Assets	47,168	-13,398	697	13,886	2,487
Other Operating Activities	-14,588	162,929	129,276	79,977	24,844
Operating Cash Flow	89,042	161,133	159,214	86,432	15,631
Operating Cash Flow Growth	-44.74%	1.21%	84.21%	452.95%	23.28%
Capital Expenditures	-52,073	-34,740	-29,690	-13,521	-4,089
Sale (Purchase) of Intangibles	-717	-2,881	-2,154	-1,990	-1,335
Investment in Securities	-4,351	-	-	-	-
Other Investing Activities	-1,592	-	-	-	-
Investing Cash Flow	-58,733	-37,621	-31,844	-15,511	-5,424
Short-Term Debt Issued	-	-	-	-	537
Long-Term Debt Issued	95,739	16,158	33,363	26,510	9,515
Total Debt Issued	95,739	16,158	33,363	26,510	10,052
Long-Term Debt Repaid	-32,925	-14,187	-33,925	-22,820	-5,327
Total Debt Repaid	-32,925	-14,187	-33,925	-22,820	-5,327
Net Debt Issued (Repaid)	62,814	1,971	-562	3,690	4,725
Other Financing Activities	-105,152	-24,525	-75,481	-44,473	-11,649
Financing Cash Flow	-42,338	-22,554	-76,043	-40,783	-6,924
Foreign Exchange Rate Adjustments	-32,698	-47,824	-75,491	-23,057	-2,620
Net Cash Flow	-44,727	53,134	-24,164	7,081	663
Free Cash Flow	36,969	126,393	129,524	72,911	11,542
Free Cash Flow Growth	-70.75%	-2.42%	77.65%	531.70%	36.33%
Free Cash Flow Margin	3.04%	13.66%	18.34%	21.86%	10.64%
Free Cash Flow Per Share	64.97	222.13	227.63	128.14	20.29
Cash Interest Paid	-	22,645	73,964	44,339	11,520
Cash Income Tax Paid	-	17,260	8,216	1,945	187
Levered Free Cash Flow	-295,052	-32,179	-26,262	59,173	6,302
Unlevered Free Cash Flow	-54,181	10,276	133,611	112,106	22,185
Change in Working Capital	-82,659	-207,530	-226,224	-37,646	-8,057

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