BVL:QUALSGC1 Cash Flow Statement

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

Millions PEN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-10.97	0.03	-7.45	-5.51	3.12
Depreciation & Amortization	1.63	1.26	1.13	1.03	0.94
Gain (Loss) on Sale of Investments	-0.66	-	-	-	-
Change in Accounts Receivable	-26.05	-31.21	-10.12	-1.8	-18.99
Reinsurance Recoverable	-0.13	0.17	-0.2	-0.08	0.01
Change in Income Taxes	-0.6	0.6	0.27	-0.29	-0.18
Change in Insurance Reserves / Liabilities	6.96	0.64	3.02	8.35	19.91
Change in Other Net Operating Assets	-0.45	12.71	-6.13	-4.69	4.12
Other Operating Activities	20.58	10.71	7.95	6.26	-0.69
Operating Cash Flow	-9.57	-5.99	-10.83	3.45	8.37
Operating Cash Flow Growth	-	-	-	-58.78%	-49.88%
Capital Expenditures	-25.85	-2.38	-0.37	-0.34	-0.42
Sale of Property, Plant & Equipment	0.55	0.11	0.1	0.05	0
Purchase / Sale of Intangible Assets	-0.27	0.49	-0.45	-0.17	-0.08
Investment in Securities	-19.59	-8.97	-27.74	-6.39	-0.67
Other Investing Activities	-	-	-	0	-
Investing Cash Flow	-45.16	-10.75	-28.47	-6.84	-1.16
Short-Term Debt Issued	-	-	-	-	3.29
Total Debt Issued	-	-	-	-	3.29
Total Debt Repaid	-	-	-	-3.29	-
Net Debt Issued (Repaid)	-	-	-	-3.29	3.29
Issuance of Common Stock	40.37	9.38	9.13	19.1	-
Financing Cash Flow	40.37	9.38	9.13	15.81	3.29
Net Cash Flow	-14.36	-7.37	-30.16	12.42	10.5
Free Cash Flow	-35.42	-8.37	-11.2	3.11	7.95
Free Cash Flow Growth	-	-	-	-60.89%	-49.10%
Free Cash Flow Margin	-30.90%	-8.55%	-14.06%	4.26%	13.41%
Free Cash Flow Per Share	-0.11	-0.03	-0.04	0.01	0.03
Levered Free Cash Flow	-67.47	-28.96	-24.05	-5.52	-4.33
Unlevered Free Cash Flow	-67.2	-28.96	-24.05	-5.52	-4.33
Change in Working Capital	-20.27	-17.19	-12.88	1.24	5.01

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