Ternium Argentina 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	83,419	106,715	64,003	83,310	134,993
Depreciation & Amortization	111,764	85,952	31,039	14,768	10,313
Other Amortization	22,599	13,516	3,161	1,140	822
Asset Writedown & Restructuring Costs	-	166,907	-	-	-
Loss (Gain) on Equity Investments	-140,604	-8,273	-54,634	2,187	-67,307
Other Operating Activities	241,847	-286,358	179,208	14,525	10,410
Change in Accounts Receivable	-3,705	17,114	-4,506	-1,124	-3,002
Change in Inventory	7,913	-176,469	65,852	15,184	-24,935
Change in Accounts Payable	-111,113	25,403	40,469	-3,405	2,181
Change in Other Net Operating Assets	84,465	-50,548	-8,466	4,413	-871
Operating Cash Flow	296,585	-106,041	316,126	130,998	62,604
Operating Cash Flow Growth	-	-	141.32%	109.25%	82.48%
Capital Expenditures	-157,214	-309,099	-36,362	-14,780	-5,677
Sale of Property, Plant & Equipment	3,347	1,074	1,521	539	86
Investment in Securities	155,144	267,603	-308,026	-116,409	-57,695
Other Investing Activities	-	2,541	724	-	-
Investing Cash Flow	1,277	-37,881	-342,143	-130,650	-63,286
Short-Term Debt Issued	59,139	441,496	4,877	-	-
Total Debt Issued	59,139	441,496	4,877	-	-
Short-Term Debt Repaid	-273,380	-282,622	-621	-	-
Long-Term Debt Repaid	-8,890	-6,074	-1,744	-742	-463
Total Debt Repaid	-282,270	-288,696	-2,365	-742	-463
Net Debt Issued (Repaid)	-223,131	152,800	2,512	-742	-463
Other Financing Activities	4,234	6,676	-5	-562	-645
Financing Cash Flow	-218,897	159,476	2,507	-1,304	-1,108
Foreign Exchange Rate Adjustments	24,067	-4,120	48,119	9,868	2,375
Net Cash Flow	103,032	11,434	24,609	8,912	585
Free Cash Flow	139,371	-415,140	279,764	116,218	56,927
Free Cash Flow Growth	-	-	140.72%	104.15%	82.67%
Free Cash Flow Margin	5.54%	-20.48%	28.45%	23.21%	17.38%
Free Cash Flow Per Share	30.85	-91.90	61.94	25.73	12.60
Cash Interest Paid	22,039	27,889	2,254	1,454	533
Cash Income Tax Paid	30,423	178,821	65,911	44,343	22,851
Levered Free Cash Flow	-117,793	-534,829	70,466	42,816	34,025
Unlevered Free Cash Flow	-107,760	-512,992	72,001	43,728	34,360
Change in Working Capital	-22,440	-184,500	93,349	15,068	-26,627

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.