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	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	-70,094	-54,914	-30,021	42,639	118,180	-41,192	Upgrade
Depreciation & Amortization	105,760	91,396	100,976	105,223	105,698	116,981	Upgrade
Other Amortization	-	-	-	-	381.7	399.89	Upgrade
Loss (Gain) From Sale of Assets	904.58	443.3	11.78	1,692	6,206	10,958	Upgrade
Loss (Gain) From Sale of Investments	-	-	-	-	-	-4,963	Upgrade
Provision & Write-off of Bad Debts	-504.6	1,668	-8.74	600.63	417.34	467.16	Upgrade
Other Operating Activities	-319.57	-12,966	9,436	12,830	75,179	6,851	Upgrade
Change in Accounts Receivable	26,015	27,038	74,084	-69,772	-85,603	-10,878	Upgrade
Change in Inventory	35,906	21,072	18,604	-26,235	-71,547	12,217	Upgrade
Change in Accounts Payable	12,542	48,130	13,906	-21,298	105,928	-108,021	Upgrade
Change in Income Taxes	-	-	-	-	10,200	-	Upgrade
Change in Other Net Operating Assets	24,886	-46,195	-7,220	-32,614	-22,888	-8,177	Upgrade
Operating Cash Flow	142,574	75,674	179,768	13,066	242,154	-25,357	Upgrade
Operating Cash Flow Growth	90.99%	-57.90%	1275.86%	-94.60%	-	-	Upgrade
Capital Expenditures	-94,596	-93,725	-115,753	-64,773	-69,510	-49,444	Upgrade
Sale (Purchase) of Intangibles	-120.31	-153.76	-414.66	-3,603	-117.3	-75.36	Upgrade
Other Investing Activities	72.93	-1,167	-	-	-	-	Upgrade
Investing Cash Flow	-94,643	-95,046	-116,168	-68,376	-69,627	-49,519	Upgrade
Long-Term Debt Issued	-	408,471	238,727	286,735	63,988	344,080	Upgrade
Long-Term Debt Repaid	-	-427,837	-244,399	-263,980	-183,901	-230,069	Upgrade
Net Debt Issued (Repaid)	-26,965	-19,366	-5,672	22,755	-119,912	114,011	Upgrade
Common Dividends Paid	-6.59	-6.59	-44,069	-39,720	-	-	Upgrade
Financing Cash Flow	-26,972	-19,373	-49,741	-16,965	-119,912	114,011	Upgrade
Net Cash Flow	20,959	-38,745	13,859	-72,275	52,614	39,134	Upgrade
Free Cash Flow	47,978	-18,051	64,015	-51,707	172,644	-74,801	Upgrade
Free Cash Flow Margin	3.50%	-1.26%	4.19%	-3.22%	12.31%	-8.14%	Upgrade
Free Cash Flow Per Share	0.97	-0.36	1.28	-1.04	3.48	-1.51	Upgrade
Levered Free Cash Flow	67,339	34,643	29,253	31,487	131,195	-57,037	Upgrade
Unlevered Free Cash Flow	109,825	73,354	70,736	55,295	146,843	-35,082	Upgrade
Change in Working Capital	99,349	50,046	99,374	-149,919	-63,909	-114,859	Upgrade

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