Banco Macro Cash Flow Statement

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

Millions ARS. 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	480,199	360,015	1,883,015	401,072	145,944	115,262
Depreciation & Amortization	169,951	138,141	126,518	103,406	43,225	12,944
Provision for Credit Losses	383,531	108,107	100,103	46,776	15,746	23,115
Net Change in Loans Held-for-Sale	-4,384,661	-1,921,647	601,736	546,808	198,383	104,125
Other Adjustments	449,018	439,780	1,923,863	1,949,976	523,000	102,015
Changes in Trading Assets	538,101	1,828,728	-1,794,852	-626,671	324,876	-405,822
Changes in Trading Liabilities	207,778	-60,220	21,110	-17,952	4,223	-5,271
Changes in Other Operating Activities	1,260,383	1,109,235	-3,047,091	1,107,477	-983,628	405,527
Operating Cash Flow	-895,700	2,002,138	-185,598	3,510,892	271,768	351,896
Operating Cash Flow Growth	-	-	-	1191.87%	-22.77%	1135.60%
Payments for Business Acquisitions	-	-8,526	-47,813	-	-216.27	-
Capital Expenditures	-157,358	-124,516	-124,285	-164,963	-41,810	-10,809
Other Investing Activities	-48.1	-647.26	349,189	-25.9	-	-
Investing Cash Flow	-165,933	-133,690	177,091	-164,991	-42,026	-10,809
Long-Term Debt Issued	502,474	-	64,191	33,255	-	20.55
Long-Term Debt Repaid	-101,616	-116,763	-55,353	-66,122	-47,908	-18,402
Net Long-Term Debt Issued (Repaid)	400,858	-116,763	8,838	-32,867	-47,908	-18,381
Common Dividends Paid	-178,376	-466,941	-391.29	-129,488	-	-1.18
Other Financing Activities	-12,881	-8,344	-8,570	-7,034	-4,736	-1,668
Financing Cash Flow	431,657	-592,027	-123.95	-169,390	-52,644	-20,051
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-255,568	-1,427,852	-2,061,984	-2,185,067	-710,649	-135,959
Net Cash Flow	-885,543	-151,368	-2,070,614	991,439	-533,550	185,077
Free Cash Flow	-1,053,058	1,877,622	-309,883	3,345,929	229,958	341,087
Free Cash Flow Growth	-	-	-	1355.02%	-32.58%	1607.75%
FCF Margin	-38.85%	84.96%	-13.27%	127.30%	22.34%	99.62%
Free Cash Flow Per Share	-1647.71	2936.48	-484.64	5232.81	-	533.44
Levered Free Cash Flow	2,718,649	3,100,106	-3,542,303	644,881	-562,277	55,088
Unlevered Free Cash Flow	2,018,855	2,891,367	-4,818,600	401,297	-653,114	-3,430

Updated Dec 17, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

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