FIBRA Terrafina 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	3,098	3,845	6,683	6,795	6,176	1,043
Gain (Loss) on Sale of Assets	-9.14	-9.14	-7.63	0.32	-23.85	94.74
Asset Writedown	-538.56	-2,624	-4,144	-3,669	-2,900	-129.76
Income (Loss) on Equity Investments	-109.87	-604.63	-413.11	-103.13	-98.89	-104.04
Change in Accounts Receivable	11.88	-472.97	292.86	-93.51	-149.8	0.67
Change in Accounts Payable	-198.4	355.22	-144.54	-94.56	218.89	27.12
Change in Other Net Operating Assets	96.87	133.51	-18.91	72.59	91.66	60.07
Other Operating Activities	1,190	1,734	600.22	-142.69	-498.03	2,197
Operating Cash Flow	3,465	2,282	2,763	2,668	2,726	3,168
Operating Cash Flow Growth	59.75%	-17.43%	3.55%	-2.11%	-13.96%	30.98%
Acquisition of Real Estate Assets	-634.93	-492.98	-1,085	-1,176	-783.19	-472.93
Sale of Real Estate Assets	-	452.22	281.91	24.47	986.5	2,465
Net Sale / Acq. of Real Estate Assets	-634.93	-40.76	-803.4	-1,152	203.3	1,992
Investment in Marketable & Equity Securities	-225.83	-225.83	-1,112	445.77	37.43	-32.64
Other Investing Activities	658.1	34.78	30.06	8.85	2.49	3.03
Investing Cash Flow	-202.66	-231.81	-1,885	-696.99	243.21	1,963
Long-Term Debt Issued	-	8,351	5,571	2,653	3,735	3,928
Long-Term Debt Repaid	-	-6,771	-4,158	-2,772	-3,774	-5,671
Net Debt Issued (Repaid)	-1,704	1,581	1,413	-119.12	-39.11	-1,743
Common Dividends Paid	-	-2,268	-1,355	-1,509	-1,655	-1,889
Other Financing Activities	-1,086	-1,015	-983.29	-1,369	-915.2	-1,059
Foreign Exchange Rate Adjustments	-514.32	223.76	-49.95	-76.07	31.22	-263.05
Net Cash Flow	-41.85	571.89	-97.48	-1,102	390.97	177.4
Cash Interest Paid	1,119	1,035	935.21	903.14	864.32	1,059
Levered Free Cash Flow	1,821	792.39	1,649	1,107	1,329	1,420
Unlevered Free Cash Flow	2,542	1,501	2,257	1,673	1,874	2,096
Change in Working Capital	-150.25	-44.84	35.3	-221.33	70.52	42.83

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