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	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	May '22 May 31, 2022	May '21 May 31, 2021
Net Income	1,021	3,422	998.13	-794.36	177.44
Depreciation & Amortization	2,570	1,416	1,215	352	96.07
Other Amortization	-	197.67	146.41	21.08	4.61
Loss (Gain) From Sale of Assets	-	-	-	-1.45	-
Asset Writedown & Restructuring Costs	-	61.14	54.12	5.73	1.66
Provision & Write-off of Bad Debts	-	553.3	295.43	11.45	4.37
Other Operating Activities	25.71	11,822	16,678	-1,409	249.02
Change in Accounts Receivable	-22.78	-7,978	-14,103	567.11	-294.16
Change in Inventory	2,983	-365.17	1,230	534.93	-617.74
Change in Accounts Payable	4,828	8,982	36,963	-283.09	231.32
Change in Income Taxes	-1,758	570.63	599.94	-	-
Change in Other Net Operating Assets	-9,716	961.17	3,654	787.48	-175.55
Operating Cash Flow	-69.62	19,644	47,732	-207.96	-322.96
Operating Cash Flow Growth	-	-58.85%	-	-	-
Capital Expenditures	-4,064	-617.16	-1,720	-2,191	-154.79
Sale of Property, Plant & Equipment	-	-	-	4.42	-
Sale (Purchase) of Intangibles	-1,456	-103.29	-162.99	-33.58	-13.07
Investment in Securities	-4,316	-	-	-	-
Investing Cash Flow	-9,836	-720.45	-1,883	-2,220	-167.87
Long-Term Debt Issued	-	-	-	2,298	170.83
Long-Term Debt Repaid	-6,797	-8,982	-	-	-
Total Debt Repaid	-6,797	-8,982	-35,923	-	-
Net Debt Issued (Repaid)	-6,797	-8,982	-35,923	2,298	170.83
Issuance of Common Stock	11,050	-	-	-	544.59
Common Dividends Paid	-	-	-	-	-11.75
Financing Cash Flow	4,253	-8,982	-35,923	2,298	703.67
Foreign Exchange Rate Adjustments	-917.12	-2,448	-3,717	-	-
Miscellaneous Cash Flow Adjustments	2,860	-	-	-	-
Net Cash Flow	-3,709	7,494	6,209	-129.81	212.84
Free Cash Flow	-4,134	19,026	46,012	-2,399	-477.75
Free Cash Flow Growth	-	-58.65%	-	-	-
Free Cash Flow Margin	-3.43%	18.30%	38.64%	-9.13%	-5.63%
Free Cash Flow Per Share	-1.83	9.51	23.00	-1.20	-0.26
Levered Free Cash Flow	-16,076	22,132	-	-6,414	-848.05
Unlevered Free Cash Flow	-9,664	22,132	-	-5,734	-536.29
Change in Working Capital	-3,686	2,171	28,345	1,606	-856.13

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