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 2025	FY 2024	FY 2023	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	May '23 May 31, 2023	May '22 May 31, 2022
Net Income	-1,680	1,021	4,502	998.13	668.26	-794.36
Depreciation & Amortization	2,135	2,061	1,863	1,215	618.04	352
Other Amortization	335.71	335.71	260.03	146.41	59.46	21.08
Loss (Gain) From Sale of Assets	-	-	-	-	-	-1.45
Asset Writedown & Restructuring Costs	173.02	173.02	80.43	54.12	12.54	5.73
Provision & Write-off of Bad Debts	321.06	419.7	727.86	295.43	68.76	11.45
Other Operating Activities	-1,161	25.71	15,552	16,678	-2,082	-1,409
Change in Accounts Receivable	2,325	-22.78	-10,495	-14,103	2,328	567.11
Change in Inventory	2,629	2,983	-480.37	1,230	-47.42	534.93
Change in Accounts Payable	1,691	4,828	11,816	36,963	-5,052	-283.09
Change in Income Taxes	-1,777	-1,758	750.66	599.94	-	-
Change in Other Net Operating Assets	-8,407	-10,135	1,264	3,654	2,502	787.48
Operating Cash Flow	-3,416	-69.62	25,841	47,732	-924.48	-207.96
Operating Cash Flow Growth	-	-	-45.86%	-	-	-
Capital Expenditures	-4,541	-4,064	-811.86	-1,720	-834.71	-2,191
Sale of Property, Plant & Equipment	-	-	-	-	-	4.42
Sale (Purchase) of Intangibles	-1,428	-1,456	-135.88	-162.99	-125.04	-33.58
Investment in Securities	-4,316	-4,316	-	-	-	-
Investing Cash Flow	-10,285	-9,836	-947.75	-1,883	-959.75	-2,220
Long-Term Debt Issued	-	-	-	-	1,360	2,298
Long-Term Debt Repaid	-	-6,797	-11,815	-	-	-
Total Debt Repaid	-1,816	-6,797	-11,815	-35,923	-	-
Net Debt Issued (Repaid)	1,920	-6,797	-11,815	-35,923	1,360	2,298
Issuance of Common Stock	11,050	11,050	-	-	-	-
Financing Cash Flow	12,970	4,253	-11,815	-35,923	1,360	2,298
Foreign Exchange Rate Adjustments	-798.08	-917.12	-3,220	-3,717	-	-
Miscellaneous Cash Flow Adjustments	2,554	2,860	-	-	-	-
Net Cash Flow	1,025	-3,709	9,858	6,209	-524.19	-129.81
Free Cash Flow	-7,957	-4,134	25,029	46,012	-1,759	-2,399
Free Cash Flow Growth	-	-	-45.60%	-	-	-
Free Cash Flow Margin	-6.14%	-3.43%	18.30%	38.64%	-3.33%	-9.13%
Free Cash Flow Per Share	-3.54	-0.26	12.51	23.00	-0.88	-1.20
Levered Free Cash Flow	-16,817	-14,378	19,184	-	-6,374	-6,414
Unlevered Free Cash Flow	-14,075	-11,490	19,184	-	-5,235	-5,734
Change in Working Capital	-3,539	-4,106	2,855	28,345	-269.06	1,606

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