Instituto Rosenbusch 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	-4,598	-1,864	1,226	-25.22	-38.12
Depreciation & Amortization	192.08	-81.99	-57.96	85.72	45.1
Other Amortization	-	-	-	-	0.09
Asset Writedown & Restructuring Costs	-	1,003	168.01	0.78	-
Other Operating Activities	29.61	119.33	482.87	170.95	18.25
Change in Accounts Receivable	784.33	45.68	114.64	124.11	99.29
Change in Inventory	1,519	2,137	-1,193	167.51	302.93
Change in Accounts Payable	435.43	-1,757	732.13	-57.32	-134.37
Change in Income Taxes	1,865	362.72	-268.71	195.93	-114.39
Change in Other Net Operating Assets	262.99	1,678	-995.4	-229.63	-217.31
Operating Cash Flow	409.89	720.31	331.37	153.37	58.37
Operating Cash Flow Growth	-43.10%	117.37%	116.06%	162.74%	-11.26%
Capital Expenditures	-12.13	-13.65	-115.45	-82.63	-4.18
Investing Cash Flow	-12.13	-13.65	-115.45	-82.63	-4.18
Long-Term Debt Repaid	-839.33	-672.28	-87.8	-84.29	-84.1
Net Debt Issued (Repaid)	-839.33	-672.28	-87.8	-84.29	-84.1
Financing Cash Flow	-839.33	-672.28	-87.8	-84.29	-84.1
Miscellaneous Cash Flow Adjustments	-	0	0	-	-
Net Cash Flow	-441.58	34.39	128.12	-13.55	-29.9
Free Cash Flow	397.75	706.67	215.92	70.74	54.2
Free Cash Flow Growth	-43.71%	227.27%	205.25%	30.52%	-13.68%
Free Cash Flow Margin	6.21%	6.49%	2.19%	1.65%	3.56%
Free Cash Flow Per Share	9.34	16.59	5.07	1.66	1.27
Levered Free Cash Flow	1,629	2,014	-4,182	-548.86	-254.25
Unlevered Free Cash Flow	2,661	2,528	-3,520	-221.01	-212.12
Change in Working Capital	4,763	1,791	-1,610	-61.82	41.48

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