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 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	4,497	5,082	5,090	3,776	2,205	3,775
Depreciation & Amortization	548.42	542.72	508.02	527.38	565.88	482.19
Gain (Loss) on Sale of Investments	-736.07	-966.96	-1,038	-360.12	983.06	-389.39
Change in Accounts Receivable	-9,268	-7,780	-9,315	-4,747	-1,752	-1,102
Change in Insurance Reserves / Liabilities	578.37	-440.76	2,916	2,441	2,672	1,648
Change in Other Net Operating Assets	-134.84	-199.36	-5,590	-3,094	-2,417	-4,233
Other Operating Activities	10,287	9,368	11,293	5,618	1,819	3,135
Operating Cash Flow	5,772	5,605	3,863	4,162	4,076	3,315
Operating Cash Flow Growth	30.52%	45.12%	-7.18%	2.11%	22.96%	64.21%
Capital Expenditures	-700.61	-679.03	-770.41	-529.73	-319.74	-392.14
Sale of Property, Plant & Equipment	196.1	-	-	-	-	-
Purchase / Sale of Intangible Assets	-9.51	-19.74	-51.68	-217.49	-25.81	-9.91
Investment in Securities	-0.77	-	-	-	-	-
Investing Cash Flow	-890.65	-1,075	-1,801	-1,040	-373.45	-493.83
Total Debt Repaid	-111.19	-111.19	-108.77	-14.7	-90.19	-
Net Debt Issued (Repaid)	-111.19	-111.19	-108.77	-14.7	-90.19	-
Repurchases of Common Stock	-	-	-264.27	-	-326.32	-727.91
Common Dividends Paid	-3,945	-3,945	-3,162	-1,974	-2,569	-1,603
Other Financing Activities	-125.1	59.77	-	251.77	-	-
Financing Cash Flow	-4,181	-3,996	-3,535	-1,737	-2,986	-2,331
Foreign Exchange Rate Adjustments	-1,137	-856.97	798.8	-291.64	-66.37	27.45
Net Cash Flow	-436.95	-322.39	-674.73	1,093	650.38	517.82
Free Cash Flow	5,071	4,926	3,092	3,632	3,756	2,923
Free Cash Flow Growth	40.99%	59.31%	-14.86%	-3.30%	28.51%	95.39%
Free Cash Flow Margin	6.69%	6.68%	4.72%	6.82%	9.15%	7.70%
Free Cash Flow Per Share	12.86	12.49	7.84	9.18	9.54	7.34
Levered Free Cash Flow	-1,918	-5,125	-1,183	2,332	13,087	6,207
Unlevered Free Cash Flow	-1,918	-5,125	-1,183	2,332	13,087	6,207
Change in Working Capital	-8,824	-8,420	-11,990	-5,400	-1,498	-3,687

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.