Instituto Rosenbusch 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 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-4,351	-1,417	1,226	-25.22	-38.12	-25.67
Depreciation & Amortization	124.75	160.55	-57.96	85.72	45.1	25.41
Other Amortization	-	-	-	-	0.09	0.05
Asset Writedown & Restructuring Costs	757.3	762.61	168.01	0.78	-	0.28
Other Operating Activities	-512.41	-132.17	482.87	170.95	18.25	5.61
Change in Accounts Receivable	843.22	34.73	114.64	124.11	99.29	-0.06
Change in Inventory	61.35	1,625	-1,193	167.51	302.93	13.05
Change in Accounts Payable	598.79	-1,335	732.13	-57.32	-134.37	8.37
Change in Income Taxes	-370.45	-237.96	-268.71	195.93	-114.39	72.34
Change in Other Net Operating Assets	1,667	1,276	-995.4	-229.63	-217.31	-30.87
Operating Cash Flow	-663.09	547.56	331.37	153.37	58.37	65.78
Operating Cash Flow Growth	-	65.24%	116.06%	162.74%	-11.26%	11.11%
Capital Expenditures	-6.9	-10.37	-115.45	-82.63	-4.18	-2.99
Investing Cash Flow	-6.9	-10.37	-115.45	-82.63	-4.18	-2.99
Long-Term Debt Repaid	-	-511.05	-87.8	-84.29	-84.1	-22.86
Net Debt Issued (Repaid)	1,097	-511.05	-87.8	-84.29	-84.1	-22.86
Financing Cash Flow	1,097	-511.05	-87.8	-84.29	-84.1	-22.86
Miscellaneous Cash Flow Adjustments	-	-	0	-	-	-0
Net Cash Flow	426.91	26.14	128.12	-13.55	-29.9	39.93
Free Cash Flow	-669.99	537.19	215.92	70.74	54.2	62.79
Free Cash Flow Growth	-	148.79%	205.25%	30.52%	-13.68%	27.18%
Free Cash Flow Margin	-16.57%	6.49%	2.19%	1.65%	3.56%	7.45%
Free Cash Flow Per Share	-15.73	12.61	5.07	1.66	1.27	1.47
Levered Free Cash Flow	565.28	2,858	-4,182	-548.86	-254.25	29.64
Unlevered Free Cash Flow	817.05	3,249	-3,520	-221.01	-212.12	60.34
Change in Working Capital	3,274	1,362	-1,610	-61.82	41.48	55.59

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