Acerías Paz del Río S. A. 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	-70,094	-54,914	-30,021	42,639	118,180	-41,192
Depreciation & Amortization	105,760	91,396	100,976	105,223	105,698	116,981
Other Amortization	-	-	-	-	381.7	399.89
Loss (Gain) From Sale of Assets	904.58	443.3	11.78	1,692	6,206	10,958
Loss (Gain) From Sale of Investments	-	-	-	-	-	-4,963
Provision & Write-off of Bad Debts	-504.6	1,668	-8.74	600.63	417.34	467.16
Other Operating Activities	-319.57	-12,966	9,436	12,830	75,179	6,851
Change in Accounts Receivable	21,460	27,038	74,084	-69,772	-85,603	-10,878
Change in Inventory	35,906	21,072	18,604	-26,235	-71,547	12,217
Change in Accounts Payable	12,542	48,130	13,906	-21,298	105,928	-108,021
Change in Income Taxes	-	-	-	-	10,200	-
Change in Other Net Operating Assets	29,441	-46,195	-7,220	-32,614	-22,888	-8,177
Operating Cash Flow	142,574	75,674	179,768	13,066	242,154	-25,357
Operating Cash Flow Growth	90.99%	-57.90%	1275.86%	-94.60%	-	-
Capital Expenditures	-94,596	-93,725	-115,753	-64,773	-69,510	-49,444
Sale (Purchase) of Intangibles	-120.31	-153.76	-414.66	-3,603	-117.3	-75.36
Other Investing Activities	72.93	-1,167	-	-	-	-
Investing Cash Flow	-94,643	-95,046	-116,168	-68,376	-69,627	-49,519
Long-Term Debt Issued	-	408,471	238,727	286,735	63,988	344,080
Long-Term Debt Repaid	-	-427,837	-244,399	-263,980	-183,901	-230,069
Net Debt Issued (Repaid)	-26,965	-19,366	-5,672	22,755	-119,912	114,011
Common Dividends Paid	-6.59	-6.59	-44,069	-39,720	-	-
Financing Cash Flow	-26,972	-19,373	-49,741	-16,965	-119,912	114,011
Net Cash Flow	20,959	-38,745	13,859	-72,275	52,614	39,134
Free Cash Flow	47,978	-18,051	64,015	-51,707	172,644	-74,801
Free Cash Flow Margin	3.50%	-1.26%	4.19%	-3.22%	12.31%	-8.14%
Free Cash Flow Per Share	0.97	-0.36	1.28	-1.04	3.48	-1.51
Levered Free Cash Flow	63,017	34,643	29,253	31,487	131,195	-57,037
Unlevered Free Cash Flow	100,219	73,354	70,736	55,295	146,843	-35,082
Change in Working Capital	99,349	50,046	99,374	-149,919	-63,909	-114,859

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