Grupo Financiero Banorte 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	58,958	58,788	56,188	52,418	45,408	35,048
Depreciation & Amortization	6,817	6,776	6,562	5,409	5,414	2,590
Change in Trading Asset Securities	-601.44	5,845	7,831	6,744	-8,720	21,307
Change in Income Taxes	-24,451	-22,147	-21,179	-21,855	-10,524	-11,587
Change in Other Net Operating Assets	-101,386	-101,267	-121,537	-172,030	-71,154	-55,445
Other Operating Activities	31,461	31,283	28,377	23,376	18,930	43,690
Net Cash from Discontinued Operations	-4,551	-4,551	-	-	-	-
Operating Cash Flow	-35,217	-27,075	-45,752	-107,314	-21,561	33,821
Capital Expenditures	-8,992	-11,106	-8,272	-9,064	-11,791	-4,523
Sale of Property, Plant and Equipment	1,371	3,386	2,905	3,940	962	1,519
Cash Acquisitions	-901	-901	-3,248	-	-	-
Investment in Securities	-20	-20	-3	-94	-914	-
Income (Loss) Equity Investments	-1,676	-1,724	-1,713	-1,413	-966	-1,782
Divestitures	-	-	-	-	-	4
Other Investing Activities	1,608	1,561	1,400	954	1,817	1,818
Investing Cash Flow	-6,933	-7,080	-7,218	-4,264	-9,926	-1,182
Long-Term Debt Repaid	-	-716	-767	-362	-1,018	-
Net Debt Issued (Repaid)	-783.97	-716	-767	-362	-1,018	-
Repurchase of Common Stock	-2,893	-2,893	-12,674	-	-1,042	-
Common Dividends Paid	-47,750	-47,750	-35,938	-37,704	-34,283	-16,759
Net Increase (Decrease) in Deposit Accounts	66,105	108,508	77,083	159,226	98,166	-22,687
Other Financing Activities	-19,081	-21,173	23,439	-17,457	-20,869	-3,689
Financing Cash Flow	-4,403	35,976	51,143	103,703	40,954	-43,135
Foreign Exchange Rate Adjustments	-201.8	-230	301	-149	-55	32
Net Cash Flow	-46,754	1,591	-1,526	-8,024	9,412	-10,464
Free Cash Flow	-44,209	-38,181	-54,024	-116,378	-33,352	29,298
Free Cash Flow Margin	-31.33%	-27.34%	-42.17%	-98.51%	-31.52%	32.64%
Free Cash Flow Per Share	-15.59	-13.50	-18.96	-40.65	-11.57	10.16
Cash Interest Paid	405	405	387	379	408	3,689
Cash Income Tax Paid	24,451	22,147	21,179	21,855	10,524	11,587

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