ASRMF Cash Flow Statement

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

Millions MXN. 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	435.79	13,551	10,204	9,987	5,984
Depreciation & Amortization	3,261	2,323	2,069	2,059	1,993
Loss (Gain) From Sale of Assets	-	-	-	-	15.77
Loss (Gain) on Equity Investments	5.33	7.76	9.69	-	-
Other Operating Activities	8,795	-246.46	1,265	2,434	1,805
Change in Accounts Receivable	359.43	-427.67	161.25	-1,016	-760.5
Change in Accounts Payable	-1,153	923.93	-240.8	741.37	1,619
Change in Income Taxes	-	-560.93	-23.26	-686.75	-308.95
Change in Other Net Operating Assets	1,154	-	-	-	-
Operating Cash Flow	12,858	15,571	13,445	13,518	10,347
Operating Cash Flow Growth	-17.42%	15.81%	-0.54%	30.65%	252.28%
Capital Expenditures	-	-4,394	-1,371	-2,776	-3,692
Cash Acquisitions	-5,573	-	-	-	-
Sale (Purchase) of Intangibles	-7,808	-	-	-	-
Sale (Purchase) of Real Estate	-	-	-	-	286.28
Investment in Securities	1,538	281.26	-2,118	-	-
Other Investing Activities	1,388	1,360	991.69	263.83	83.64
Investing Cash Flow	-10,456	-2,753	-2,449	-2,547	-3,428
Long-Term Debt Issued	20,390	-	-	3,948	4,650
Long-Term Debt Repaid	-4,763	-768.96	-1,681	-1,728	-4,657
Net Debt Issued (Repaid)	15,627	-768.96	-1,681	2,220	-6.51
Common Dividends Paid	-24,000	-3,278	-2,979	-2,709	-2,463
Other Financing Activities	-1,912	-1,872	-1,657	-3,841	-908.7
Financing Cash Flow	-10,285	-8,918	-9,316	-6,130	-3,378
Foreign Exchange Rate Adjustments	-1,084	2,311	-981.46	-436.06	36.18
Net Cash Flow	-8,967	6,211	697.91	4,405	3,577
Free Cash Flow	12,858	11,177	12,074	10,743	6,655
Free Cash Flow Growth	15.04%	-7.43%	12.39%	61.43%	-
Free Cash Flow Margin	34.53%	35.67%	46.76%	42.44%	35.43%
Free Cash Flow Per Share	42.86	37.26	40.25	35.81	22.18
Cash Interest Paid	1,545	938.16	1,067	1,080	908.7
Cash Income Tax Paid	6,619	4,491	3,765	2,277	869.41
Levered Free Cash Flow	3,021	8,811	9,467	6,192	4,389
Unlevered Free Cash Flow	3,981	9,328	10,171	6,727	4,916
Change in Working Capital	361.27	-64.67	-102.81	-961.76	549.65

Source: S&P Global Market Intelligence. Standard template. Financial Sources.