Grupo Argos Cash Flow Statement

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

Millions COP. 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	1,711,130	2,809,671	4,544,419	915,503	881,424	589,799
Depreciation & Amortization	914,899	898,733	889,402	1,356,988	1,626,911	1,718,651
Loss (Gain) From Sale of Assets	-1,311,188	-4,689,149	-5,890,017	-348,686	-208,226	1,742,473
Asset Writedown & Restructuring Costs	39,807	45,042	17,482	46,332	50,338	10,159
Loss (Gain) From Sale of Investments	50,093	48,281	41,974	35,170	73,587	37,684
Loss (Gain) on Equity Investments	-204,158	-219,396	-2,849,171	-586,422	-759,273	-394,232
Other Operating Activities	1,186,929	3,614,764	5,842,133	3,099,373	2,464,511	1,554,000
Change in Accounts Receivable	971,301	1,062,586	-736,007	-830,123	-409,510	-1,027,066
Change in Inventory	-2,739	29,768	563,693	274,704	-314,205	-36,503
Change in Accounts Payable	-125,700	-550,638	303,053	674,294	-62,427	185,671
Change in Other Net Operating Assets	-496,516	-417,657	64,281	-306,746	18,072	-68,518
Operating Cash Flow	2,733,858	2,632,005	2,791,242	4,330,387	3,361,202	4,312,118
Operating Cash Flow Growth	0.69%	-5.71%	-35.54%	28.83%	-22.05%	53.06%
Capital Expenditures	-1,350,923	-1,602,170	-2,101,108	-2,086,600	-2,780,637	-2,100,667
Sale of Property, Plant & Equipment	18,643	24,840	67,294	118,812	391,886	124,556
Cash Acquisitions	-137,754	-137,754	-271,277	-774	-	-125,386
Divestitures	452,087	452,087	2,459,830	-46,847	-228,151	672,338
Sale (Purchase) of Intangibles	-57,514	-45,577	-16,738	22,961	-71,155	-53,516
Sale (Purchase) of Real Estate	-668	-1,163	14,244	-11,604	-913	-12,944
Investment in Securities	-6,079,293	5,903,715	-159,077	661,030	162,753	23,962
Other Investing Activities	736,355	656,146	360,617	413,227	552,536	218,432
Investing Cash Flow	-6,417,067	5,252,124	368,785	-944,795	-1,964,393	-1,243,171
Long-Term Debt Issued	-	-	473,750	242,500	297,769	815,571
Long-Term Debt Repaid	-	-995,031	-637,304	-1,054,750	-1,379,349	-1,210,632
Net Debt Issued (Repaid)	-731,853	-995,031	-163,554	-812,250	-1,081,580	-395,061
Repurchase of Common Stock	-839,245	-796,231	-519,018	-107,726	-	-
Preferred Dividends Paid	-170,263	-154,380	-153,663	-198,720	-	-
Common Dividends Paid	-1,121,402	-1,195,862	-859,735	-842,079	-814,574	-838,213
Dividends Paid	-1,291,665	-1,350,242	-1,013,398	-1,040,799	-814,574	-838,213
Other Financing Activities	-1,353,709	-1,564,484	-2,187,901	-1,383,505	38,298	-2,012,837
Financing Cash Flow	-4,216,472	-4,705,988	-3,883,871	-3,344,280	-1,857,856	-3,246,111
Foreign Exchange Rate Adjustments	-589,374	-359,960	114,837	-294,626	233,008	148,623
Net Cash Flow	-8,489,055	2,818,181	-609,007	-253,314	-228,039	-28,541
Free Cash Flow	1,382,935	1,029,835	690,134	2,243,787	580,565	2,211,451
Free Cash Flow Growth	137.86%	49.22%	-69.24%	286.48%	-73.75%	44.65%
Free Cash Flow Margin	12.00%	8.77%	5.40%	14.79%	2.73%	13.56%
Free Cash Flow Per Share	2010.22	1348.31	808.83	2585.28	667.73	2554.61
Cash Interest Paid	1,140,473	1,140,473	1,417,160	1,927,394	1,261,979	1,083,488
Cash Income Tax Paid	595,448	595,448	340,036	663,349	611,930	557,566
Levered Free Cash Flow	6,262,973	8,490,717	-7,597,022	1,056,888	-3,267,369	-270,702
Unlevered Free Cash Flow	7,089,139	9,362,413	-6,620,333	2,279,790	-2,320,966	494,543
Change in Working Capital	346,346	124,059	195,020	-187,871	-768,070	-946,416

Source: S&P Global Market Intelligence. Standard template. Financial Sources.