BVC:INESA Cash Flow Statement

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

Millions COP. 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	6,384	7,898	8,123	12,050	7,408	4,027
Depreciation & Amortization	612.49	544.08	111.11	40.56	15.86	7.26
Asset Writedown & Restructuring Costs	652.52	1,088	762.15	-1,345	-	-
Loss (Gain) on Equity Investments	-3,214	-3,329	-3,139	-4,419	-	-
Other Operating Activities	2,400	3,034	3,591	3,336	1,722	735.39
Change in Accounts Receivable	-453.55	-41.12	259.86	-1,326	-	-
Change in Inventory	-124.94	-594.33	-211.78	53.08	-1,676	-1,464
Change in Accounts Payable	-289.03	1.55	106.2	-76.53	13.39	-0.99
Change in Income Taxes	-3,313	-3,589	-3,612	-1,587	-775.44	-1,201
Change in Other Net Operating Assets	1,625	143.64	-224.18	737.86	-282.63	816.17
Operating Cash Flow	4,279	5,157	5,767	7,464	6,425	2,920
Operating Cash Flow Growth	26.79%	-10.57%	-22.75%	16.17%	120.03%	-51.34%
Capital Expenditures	-16,597	-6,520	-1,494	-802.16	-	-22.29
Sale of Property, Plant & Equipment	-	-	-	-	1,587	-
Sale (Purchase) of Real Estate	-	6,106	-	-	-440.38	-
Investment in Securities	-3,415	2,080	34.79	2,094	-2,756	-445.24
Other Investing Activities	152.11	-	1,564	3,819	-	-
Investing Cash Flow	-19,860	1,667	105.36	5,111	-1,609	-467.53
Long-Term Debt Issued	-	-	-	1,678	-	-
Total Debt Issued	212.45	-	-	1,678	-	-
Long-Term Debt Repaid	-	-463.35	-284.4	-	-	-
Total Debt Repaid	-168.98	-463.35	-284.4	-	-	-
Net Debt Issued (Repaid)	43.47	-463.35	-284.4	1,678	-	-
Common Dividends Paid	-5,930	-6,081	-5,000	-11,279	-4,009	-4,952
Other Financing Activities	21,531	261.02	416.89	-1,662	349.36	263.69
Financing Cash Flow	15,645	-6,283	-4,868	-11,263	-3,660	-4,689
Net Cash Flow	63.52	540.88	1,004	1,312	1,156	-2,236
Free Cash Flow	-12,319	-1,363	4,273	6,662	6,425	2,898
Free Cash Flow Growth	-	-	-35.86%	3.69%	121.72%	-51.71%
Free Cash Flow Margin	-114.87%	-10.57%	32.92%	42.82%	61.92%	39.70%
Free Cash Flow Per Share	-123.21	-13.63	42.74	66.64	64.27	28.98
Cash Income Tax Paid	-	-3,034	-3,591	-3,336	-	-
Levered Free Cash Flow	-12,901	-1,974	4,041	6,968	4,488	2,300
Unlevered Free Cash Flow	-12,836	-1,868	4,187	6,976	4,488	2,300
Change in Working Capital	-2,556	-4,079	-3,682	-2,198	-2,720	-1,849

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