Morixe Hermanos S.A.C.I. 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 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Net Income	2,831	3,422	998.13	668.26	-794.36	177.44
Depreciation & Amortization	1,260	1,416	1,215	618.04	352	96.07
Other Amortization	430.14	197.67	146.41	59.46	21.08	4.61
Loss (Gain) From Sale of Assets	-	-	-	-	-1.45	-
Asset Writedown & Restructuring Costs	177.16	61.14	54.12	12.54	5.73	1.66
Provision & Write-off of Bad Debts	657.24	553.3	295.43	68.76	11.45	4.37
Other Operating Activities	8,937	11,822	16,678	-2,082	-1,409	249.02
Change in Accounts Receivable	3,429	-7,978	-14,103	2,328	567.11	-294.16
Change in Inventory	-514.79	-365.17	1,230	-47.42	534.93	-617.74
Change in Accounts Payable	4,991	8,982	36,963	-5,052	-283.09	231.32
Change in Income Taxes	-545.26	570.63	599.94	-	-	-
Change in Other Net Operating Assets	-1,027	961.17	3,654	2,502	787.48	-175.55
Operating Cash Flow	20,625	19,644	47,732	-924.48	-207.96	-322.96
Operating Cash Flow Growth	-56.79%	-58.85%	-	-	-	-
Capital Expenditures	-3,225	-617.16	-1,720	-834.71	-2,191	-154.79
Sale of Property, Plant & Equipment	-	-	-	-	4.42	-
Sale (Purchase) of Intangibles	-1,353	-103.29	-162.99	-125.04	-33.58	-13.07
Investing Cash Flow	-7,837	-720.45	-1,883	-959.75	-2,220	-167.87
Long-Term Debt Issued	-	-	-	1,360	2,298	170.83
Long-Term Debt Repaid	-	-8,982	-	-	-	-
Total Debt Repaid	-1,891	-8,982	-35,923	-	-	-
Net Debt Issued (Repaid)	-1,891	-8,982	-35,923	1,360	2,298	170.83
Issuance of Common Stock	-	-	-	-	-	544.59
Common Dividends Paid	-	-	-	-	-	-11.75
Financing Cash Flow	-1,891	-8,982	-35,923	1,360	2,298	703.67
Foreign Exchange Rate Adjustments	-1,218	-2,448	-3,717	-	-	-
Net Cash Flow	12,331	7,494	6,209	-524.19	-129.81	212.84
Free Cash Flow	17,400	19,026	46,012	-1,759	-2,399	-477.75
Free Cash Flow Growth	-62.18%	-58.65%	-	-	-	-
Free Cash Flow Margin	22.01%	18.30%	38.64%	-3.33%	-9.13%	-5.63%
Free Cash Flow Per Share	1.23	9.51	23.00	-0.88	-1.20	-0.26
Levered Free Cash Flow	-	22,132	-	-6,374	-6,414	-848.05
Unlevered Free Cash Flow	-	22,132	-	-5,235	-5,734	-536.29
Change in Working Capital	6,333	2,171	28,345	-269.06	1,606	-856.13

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