BMV:GAP.B Cash Flow Statement

Financials in millions MXN. Fiscal year is January - December.

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	10,019	9,565	8,612	9,543	9,013	5,997
Depreciation & Amortization	3,752	3,752	3,061	2,546	2,313	2,051
Loss (Gain) From Sale of Assets	-2.09	1.57	21.01	-0.67	14.23	-3.49
Provision & Write-off of Bad Debts	8.2	12.19	24.71	29.4	41.44	15.49
Other Operating Activities	4,123	4,411	4,863	1,913	1,032	2,461
Change in Accounts Receivable	-116.61	-841.89	-432.96	50.84	-705.58	-464.4
Change in Accounts Payable	3,046	1,007	739.04	-213.27	-139.79	959.18
Change in Income Taxes	141.46	160.09	258.07	-517.02	624.66	-341.83
Change in Other Net Operating Assets	373.31	182.34	-471.26	584.31	325.86	421.94
Operating Cash Flow	21,345	18,250	16,674	13,935	12,520	11,095
Operating Cash Flow Growth	28.46%	9.45%	19.66%	11.30%	12.84%	211.10%
Capital Expenditures	-12,448	-12,397	-7,845	-10,444	-8,431	-4,947
Sale of Property, Plant & Equipment	8.62	7.18	6.57	3.54	5.2	3.22
Cash Acquisitions	-19.26	-19.26	-875.5	-614.79	-	-
Other Investing Activities	10.95	137.92	-71.07	-36.55	-56.48	-25.74
Investing Cash Flow	-12,448	-12,271	-8,785	-11,092	-8,482	-4,969
Long-Term Debt Issued	-	18,610	14,307	9,115	14,630	10,779
Long-Term Debt Repaid	-	-14,025	-7,963	-2,262	-7,855	-7,454
Net Debt Issued (Repaid)	11,568	4,584	6,343	6,854	6,775	3,325
Repurchase of Common Stock	-	-	-7,003	-	-2,000	-9,015
Common Dividends Paid	-8,509	-8,509	-	-7,498	-7,314	-
Other Financing Activities	-5,551	-5,553	-4,360	-4,145	-2,387	-1,662
Financing Cash Flow	-2,492	-9,477	-5,020	-4,790	-4,926	-7,352
Foreign Exchange Rate Adjustments	551.5	485.51	541.51	-369.19	-73.03	113.72
Net Cash Flow	6,957	-3,013	3,411	-2,316	-961.41	-1,112
Free Cash Flow	8,897	5,853	8,829	3,491	4,089	6,149
Free Cash Flow Growth	5.00%	-33.71%	152.95%	-14.63%	-33.50%	1412.75%
Free Cash Flow Margin	27.04%	17.99%	32.97%	13.72%	18.14%	39.30%
Free Cash Flow Per Share	17.61	11.58	17.47	6.91	8.04	11.84
Cash Interest Paid	4,991	4,993	4,220	4,009	2,233	1,662
Cash Income Tax Paid	4,757	4,745	3,475	4,502	4,357	1,017
Levered Free Cash Flow	13,851	-19.03	3,948	-1,446	231.98	4,421
Unlevered Free Cash Flow	16,640	2,713	6,460	659.68	1,719	5,451
Change in Working Capital	3,445	507.56	92.9	-95.14	105.15	574.89

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