United Breweries Cash Flow Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	4,417	4,100	3,040	3,655	1,132
Depreciation & Amortization	2,329	2,119	2,106	2,172	2,320
Other Amortization	0.5	-	-	-	-
Loss (Gain) From Sale of Assets	-0.4	-3.7	-13.5	-0.8	-550.4
Asset Writedown & Restructuring Costs	-	-	331.2	-	622.2
Loss (Gain) From Sale of Investments	-	-	-	-5.4	-
Stock-Based Compensation	59.3	-	-	-	-
Provision & Write-off of Bad Debts	109.9	123	81.4	180.4	-287.3
Other Operating Activities	-344.5	-399.1	-580.3	1.6	-9.9
Change in Accounts Receivable	-5,586	-9,188	-1,613	1,217	-157
Change in Inventory	-2,477	590.7	-4,920	2,009	-427.5
Change in Accounts Payable	1,957	2,260	842.5	167.6	754.6
Change in Other Net Operating Assets	1,885	1,092	-469.5	-399.3	2,806
Operating Cash Flow	2,351	695	-1,196	8,996	6,203
Operating Cash Flow Growth	238.20%	-	-	45.03%	22.15%
Capital Expenditures	-2,583	-1,915	-1,563	-1,736	-2,007
Sale of Property, Plant & Equipment	1.4	8.2	19.8	7.7	509.1
Investment in Securities	13.4	-9.8	-0.5	-22.6	-63.8
Other Investing Activities	174	438.5	335.2	149.7	45.8
Investing Cash Flow	-2,394	-1,478	-1,208	-1,601	-1,516
Short-Term Debt Issued	4,974	774.1	-	-	-
Long-Term Debt Issued	-	-	-	-	2,500
Total Debt Issued	4,974	774.1	-	-	2,500
Short-Term Debt Repaid	-	-	-	-1.7	-1,600
Long-Term Debt Repaid	-95.3	-72.7	-99.8	-2,549	-839.6
Total Debt Repaid	-95.3	-72.7	-99.8	-2,551	-2,439
Net Debt Issued (Repaid)	4,879	701.4	-99.8	-2,551	60.6
Common Dividends Paid	-2,644	-1,983	-2,776	-132.1	-663.2
Dividends Paid	-2,644	-1,983	-2,776	-132.1	-663.2
Other Financing Activities	-63.7	57.5	-47.4	-183.5	-281.3
Financing Cash Flow	2,171	-1,224	-2,923	-2,867	-883.9
Net Cash Flow	2,128	-2,007	-5,327	4,529	3,803
Free Cash Flow	-232.5	-1,220	-2,759	7,261	4,196
Free Cash Flow Growth	-	-	-	73.03%	303.95%
Free Cash Flow Margin	-0.26%	-1.50%	-3.68%	12.44%	9.89%
Free Cash Flow Per Share	-0.88	-4.61	-10.43	27.46	15.87
Cash Interest Paid	-	-	-	181.2	281.3
Cash Income Tax Paid	1,919	1,388	1,397	1,301	822.8
Levered Free Cash Flow	-211.21	-1,329	-2,320	7,234	3,909
Unlevered Free Cash Flow	-135.71	-1,287	-2,292	7,326	4,050
Change in Working Capital	-4,221	-5,245	-6,160	2,994	2,976

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