Banco Macro S.A. (BMA)

Banco Macro Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	511,228	470,798	1,883,020	401,072	145,944
Depreciation & Amortization	178,815	181,722	126,518	103,406	43,225
Provision for Credit Losses	538,121	143,855	100,103	46,776	15,746
Other Adjustments	449,382	1,002,830	1,981,670	1,968,220	590,120
Changes in Trading Assets	32,391	6,140,180	-1,962,290	-959,235	340,773
Changes in Securities Borrowed	-203,293	1,819,060	-357,151	24,548	192,334
Changes in Accrued Interest and Accounts Receivable	-284,869	-5,676,480	560,537	375,336	-252,625
Changes in Trading Liabilities	-20,911	-79,219	21,110	-17,952	4,223
Changes in Accounts Payable	2,610,670	1,425,390	-2,902,590	1,006,040	-903,007
Changes in Other Operating Activities	-3,141,440	-2,794,360	363,482	562,685	95,035
Operating Cash Flow	670,097	2,633,790	-185,598	3,510,890	271,768
Operating Cash Flow Growth	-74.56%	-	-	1191.87%	-22.77%
Payments for Business Acquisitions	-	-11,216	-47,813	-	-
Capital Expenditures	-171,945	-163,800	-124,285	-164,965	-41,810
Other Investing Activities	-	-851.47	349,189	-25.9	-
Investing Cash Flow	-171,945	-175,867	177,091	-164,991	-42,026
Long-Term Debt Issued	805,824	-	64,191	33,255	-
Long-Term Debt Repaid	-100,661	-153,573	-55,353	-66,122	-47,908
Net Long-Term Debt Issued (Repaid)	705,163	-153,573	8,838	-32,867	-47,908
Repurchase of Common Stock	-180.98	-	-	-	-
Net Common Stock Issued (Repurchased)	-180.98	-	-	-	-
Common Dividends Paid	-270,411	-614,255	-391.29	-129,488	-
Other Financing Activities	-15,363	-10,976	-8,570	-7,034	-4,736
Financing Cash Flow	419,209	-778,804	-123.95	-169,390	-52,644
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-165,425	-1,878,240	-2,061,980	-2,185,070	-710,649
Net Cash Flow	751,935	-199,123	-2,070,610	991,439	-533,550
Free Cash Flow	498,151	2,469,990	-309,883	3,345,930	229,958
Free Cash Flow Growth	-79.83%	-	-	1355.02%	-32.58%
FCF Margin	12.24%	40.87%	-5.00%	99.64%	19.82%
Free Cash Flow Per Share	779.08	3862.90	-484.64	5232.81	359.64
Levered Free Cash Flow	-5,924	1,125,340	-2,998,370	1,173,440	-431,015
Unlevered Free Cash Flow	-1,000,580	852,505	-4,274,670	929,860	-521,852

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

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