Banco de Valores 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	56,021	27,862	18,138	1,610	1,350
Depreciation & Amortization	1,091	838.91	838.74	204.2	257.15
Gain (Loss) on Sale of Investments	-	-	-	28.02	-
Provision for Credit Losses	9,736	4,372	2,092	72.86	107.56
Change in Trading Asset Securities	-38,244	-1,720	-119.6	-7.97	-98.2
Change in Other Net Operating Assets	-465,117	447,664	-1,505,525	47,026	-170,053
Other Operating Activities	121,234	39,591	84,845	8,535	4,700
Operating Cash Flow	-315,280	518,608	-1,399,731	57,468	-163,736
Capital Expenditures	-1,800	-668.25	-187.24	-2.12	-97.54
Investment in Securities	-484.56	-966.08	-2,998	-	-
Investing Cash Flow	-2,284	-1,634	-3,185	-2.12	-97.54
Short-Term Debt Issued	30,077	-	-	0.02	-
Long-Term Debt Issued	67,230	-	-	-	-
Total Debt Issued	97,307	-	-	0.02	-
Short-Term Debt Repaid	-	-0.04	-0.1	-	-0.33
Total Debt Repaid	-	-0.04	-0.1	-	-0.33
Net Debt Issued (Repaid)	97,307	-0.04	-0.1	0.02	-0.33
Common Dividends Paid	-3,078	-22,268	-8,124	-1,050	-
Net Increase (Decrease) in Deposit Accounts	149,084	-192,287	1,983,896	-20,345	182,738
Financing Cash Flow	243,313	-214,555	1,975,772	-21,395	182,738
Foreign Exchange Rate Adjustments	-14,641	-800.47	5,186	431.62	515.49
Net Cash Flow	-244,806	-206,504	154,824	-1,453	-20,535
Free Cash Flow	-317,080	517,940	-1,399,918	57,466	-163,834
Free Cash Flow Margin	-140.24%	202.79%	-499.57%	228.84%	-830.34%
Free Cash Flow Per Share	-295.41	564.65	-1672.97	68.74	-201.31
Cash Income Tax Paid	15,598	29,900	9,402	676.4	1,510

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