Quálitas Controladora 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	2015 - 2019
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	2015 - 2019
Net Income	6,608	5,090	3,776	2,205	3,775	6,794	Upgrade
Depreciation & Amortization	542.28	508.02	527.38	565.88	482.19	488.72	Upgrade
Gain (Loss) on Sale of Investments	-962.81	-1,038	-360.12	983.06	-389.39	197.66	Upgrade
Change in Accounts Receivable	-8,482	-9,315	-4,747	-1,752	-1,102	-642.95	Upgrade
Change in Insurance Reserves / Liabilities	-564.41	2,916	2,441	2,672	1,648	-335	Upgrade
Change in Other Net Operating Assets	385.75	-5,686	-3,094	-2,417	-4,233	-6,818	Upgrade
Other Operating Activities	10,240	11,293	5,618	1,819	3,135	2,295	Upgrade
Operating Cash Flow	7,768	3,767	4,162	4,076	3,315	2,019	Upgrade
Operating Cash Flow Growth	235.26%	-9.49%	2.11%	22.96%	64.21%	-22.15%	Upgrade
Capital Expenditures	215.7	-770.41	-529.73	-319.74	-392.14	-522.83	Upgrade
Purchase / Sale of Intangible Assets	-93.35	-51.68	-217.49	-25.81	-9.91	-85.92	Upgrade
Investment in Securities	0.03	-	-	-	-	-	Upgrade
Investing Cash Flow	-856.95	-1,801	-1,040	-373.45	-493.83	-608.74	Upgrade
Total Debt Repaid	-12.94	-12.94	-14.7	-90.19	-	-	Upgrade
Net Debt Issued (Repaid)	-12.94	-12.94	-14.7	-90.19	-	-	Upgrade
Repurchases of Common Stock	-264.27	-264.27	-	-326.32	-727.91	-801.96	Upgrade
Common Dividends Paid	-3,550	-3,162	-1,974	-2,569	-1,603	-701.84	Upgrade
Other Financing Activities	-52.65	-	251.77	-	-	-	Upgrade
Financing Cash Flow	-3,880	-3,439	-1,737	-2,986	-2,331	-1,504	Upgrade
Foreign Exchange Rate Adjustments	-545.47	798.8	-291.64	-66.37	27.45	2.69	Upgrade
Net Cash Flow	2,486	-674.73	1,093	650.38	517.82	-91.18	Upgrade
Free Cash Flow	7,984	2,996	3,632	3,756	2,923	1,496	Upgrade
Free Cash Flow Growth	1150.53%	-17.50%	-3.30%	28.51%	95.39%	-26.00%	Upgrade
Free Cash Flow Margin	10.99%	4.57%	6.82%	9.15%	7.70%	3.93%	Upgrade
Free Cash Flow Per Share	20.24	7.60	9.18	9.54	7.34	2.88	Upgrade
Levered Free Cash Flow	-1,720	-1,183	2,332	13,087	6,207	16,118	Upgrade
Unlevered Free Cash Flow	-1,720	-1,183	2,332	13,087	6,207	16,118	Upgrade
Change in Working Capital	-8,661	-12,086	-5,400	-1,498	-3,687	-7,796	Upgrade

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