CNRFF Cash Flow Statement

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

Millions MXN. 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	733.57	685.74	661.95	644.47	582.91	381.97
Depreciation & Amortization	132.96	90.82	81.67	73.23	71.12	82.64
Other Amortization	8.15	8.15	12.81	8.36	12.4	8.16
Loss (Gain) on Equity Investments	-118.41	-93.74	-68.63	-108.13	-89.06	-20.32
Other Operating Activities	353.1	374.89	420.09	374.36	326.49	244.94
Change in Accounts Receivable	399.17	163.55	-78.51	-10.2	102.64	-192.72
Change in Inventory	-1,170	-1,099	-976.53	-549.69	-177.65	575.39
Change in Accounts Payable	587.11	57.82	-127.78	157.08	89.97	-202.24
Change in Unearned Revenue	190.49	190.49	-27.91	47.23	61.92	82.31
Change in Income Taxes	13.45	13.45	-44.85	-291.94	28.45	-68.62
Change in Other Net Operating Assets	-686.78	-70.8	-50.59	-106.87	-33.57	15.59
Operating Cash Flow	443.18	321.32	-198.27	237.89	975.61	907.12
Operating Cash Flow Growth	-	-	-	-75.62%	7.55%	42.70%
Capital Expenditures	-109.45	-55.37	-88.61	-54.96	-38.48	-7.91
Sale (Purchase) of Real Estate	-	-	-7.24	-60.28	-84.62	-11.06
Other Investing Activities	60.64	25	1	10	20	-
Investing Cash Flow	-48.81	-30.37	-94.86	-105.24	-103.1	-18.97
Long-Term Debt Issued	-	300	1,200	390	1,500	47.05
Long-Term Debt Repaid	-	-211.51	-1,172	-182.01	-1,714	-484.27
Net Debt Issued (Repaid)	-317.47	88.5	28.49	208	-213.69	-437.22
Repurchase of Common Stock	-17.67	-10.08	-53.46	-90.2	-1.14	-66.3
Common Dividends Paid	-200	-	-200	-290	-200	-
Other Financing Activities	-304.9	-330.98	-329.7	-205.29	-167.1	-230.08
Financing Cash Flow	-840.03	-252.56	-554.67	-377.49	-581.93	-733.59
Net Cash Flow	-445.67	38.38	-847.8	-244.84	290.58	154.56
Free Cash Flow	333.73	265.95	-286.88	182.93	937.13	899.21
Free Cash Flow Growth	-	-	-	-80.48%	4.22%	41.79%
Free Cash Flow Margin	4.33%	3.74%	-4.25%	2.63%	14.70%	16.47%
Free Cash Flow Per Share	0.28	0.22	-0.23	0.15	0.74	0.70
Cash Interest Paid	303.08	329.16	313.18	202.02	140.11	230.08
Cash Income Tax Paid	14.37	29.64	110.66	324.65	44.59	28.83
Levered Free Cash Flow	-394.53	-417.89	-809.06	294.41	1,028	998.16
Unlevered Free Cash Flow	-350.05	-371.48	-758.36	330.92	1,055	1,026
Change in Working Capital	-666.19	-744.54	-1,306	-754.38	71.75	209.72

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