CELSIA S.A. E.S.P. Cash Flow Statement

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

Millions COP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	221,968	193,481	276,445	334,547
Depreciation & Amortization	406,134	381,385	428,452	398,609
Loss (Gain) on Sale of Assets	-3,523	1,966	-1,335	33,269
Loss (Gain) on Sale of Investments	-	56,054	-	1,038
Loss (Gain) on Equity Investments	-37,863	-42,221	-3,314	1,719
Asset Writedown	8,000	79,525	31,332	55,866
Change in Accounts Receivable	-559,658	-742,547	-203,998	-169,003
Change in Inventory	511,137	164,647	-21,437	26,690
Change in Accounts Payable	319,315	787,427	100,072	362,451
Change in Other Net Operating Assets	44,066	53,070	-76,440	-19,376
Other Operating Activities	701,918	871,826	670,274	291,549
Operating Cash Flow	1,657,905	1,792,345	1,237,243	1,334,688
Operating Cash Flow Growth	-7.50%	44.87%	-7.30%	11.73%
Capital Expenditures	-1,747,798	-1,219,398	-2,061,470	-1,630,584
Sale of Property, Plant & Equipment	46,048	2,517	357,280	91,241
Divestitures	-	525,149	-	5,836
Sale (Purchase) of Intangibles	-3,290	-	-21,499	283
Investment in Securities	-284,610	-21,317	-44,586	-8,208
Other Investing Activities	108,910	116,367	200,504	24,546
Investing Cash Flow	-1,880,740	-596,682	-1,569,945	-1,527,886
Long-Term Debt Issued	4,971,183	702,721	1,950,682	1,977,011
Long-Term Debt Repaid	-4,018,107	-521,506	-700,735	-1,556,936
Net Debt Issued (Repaid)	953,076	181,215	1,249,947	420,075
Repurchase of Common Stock	-75,540	-522	-	-
Common Dividends Paid	-399,161	-372,271	-400,087	-410,928
Other Financing Activities	-615,534	-748,958	-449,783	7,334
Financing Cash Flow	-137,159	-940,536	400,077	16,481
Foreign Exchange Rate Adjustments	17,934	-23,615	5,126	19,381
Miscellaneous Cash Flow Adjustments	-699	-1,989	-115,236	-1,674
Net Cash Flow	-342,759	229,523	-42,735	-159,010
Free Cash Flow	-89,893	572,947	-824,227	-295,896
Free Cash Flow Margin	-1.32%	9.20%	-14.76%	-7.20%
Free Cash Flow Per Share	-85.30	535.48	-770.33	-276.55
Cash Interest Paid	636,205	751,638	449,934	248,776
Cash Income Tax Paid	157,373	324,835	320,037	208,324
Levered Free Cash Flow	-1,457,861	1,718,257	-2,827,896	-1,259,857
Unlevered Free Cash Flow	-1,079,266	2,231,146	-2,506,435	-1,090,276
Change in Working Capital	314,860	262,597	-201,803	200,762

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.