BMV:GNP Cash Flow Statement

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

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	4,138	3,563	4,010	2,633	1,618	3,743
Depreciation & Amortization	420.12	383	545	922	486	328
Change in Accounts Receivable	-9,095	-12,303	-1,935	-1,005	-765	-2,226
Change in Insurance Reserves / Liabilities	920.38	7,374	-5,051	-1,313	3,803	2,332
Change in Other Net Operating Assets	35,332	-95,932	97,784	46,044	-27,930	-16,425
Other Operating Activities	-29,298	97,930	-93,701	-45,256	25,080	15,338
Operating Cash Flow	2,815	1,229	1,542	1,989	2,256	2,759
Operating Cash Flow Growth	88.89%	-20.30%	-22.47%	-11.83%	-18.23%	-32.79%
Capital Expenditures	-748.15	-489	-370	-1,336	-748	-25
Investing Cash Flow	-748.15	-489	-370	-1,336	-748	-25
Common Dividends Paid	-1,782	-1,009	-1,316	-807	-1,871	-2,219
Financing Cash Flow	-1,782	-1,009	-1,316	-807	-1,871	-2,219
Foreign Exchange Rate Adjustments	67.86	-104	143	56	-28	4
Miscellaneous Cash Flow Adjustments	0	-	-	-	-	-
Net Cash Flow	352.56	-373	-1	-98	-391	519
Free Cash Flow	2,067	740	1,172	653	1,508	2,734
Free Cash Flow Growth	95.32%	-36.86%	79.48%	-56.70%	-44.84%	-33.40%
Free Cash Flow Margin	1.82%	0.71%	1.28%	0.80%	2.04%	3.99%
Free Cash Flow Per Share	9.22	3.30	5.23	2.91	6.73	12.20
Levered Free Cash Flow	-10,065	-9,966	2,941	-576.5	801.38	-1,047
Unlevered Free Cash Flow	-10,065	-9,966	2,941	-576.5	801.38	-1,047
Change in Working Capital	27,158	-100,861	90,798	43,726	-24,892	-16,319

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.