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

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