| COP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 6,475.3 | 8,520.3 | 2,482.9 | 739.0 | 1,015.1 | 1,578.9 | +55.5% | |
| Depreciation & amortization | 1,401.6 | 1,446.4 | 1,090.5 | 1,151.2 | 1,274.6 | 0.0 | −100.0% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 5,177.2 | (672.7) | (20,469.8) | (7,562.3) | (11,335.6) | 1,695.6 | +115.0% | |
| Operating cash flow | 10,020.7 | 5,901.6 | (19,450.9) | (9,346.7) | (14,041.4) | 2,038.5 | +114.5% | |
| Capital expenditure | (2,034.0) | (2,256.3) | (547.7) | (615.2) | (662.7) | (586.3) | +11.5% | |
| Acquisitions | (1,340.1) | (1,079.5) | 0.0 | 0.0 | 0.0 | 178.0 | — | |
| Investing cash flow | (7,585.4) | (6,601.9) | (13,012.5) | 1,840.6 | (3,141.9) | (25,067.8) | −697.9% | |
| Dividends paid | (1,330.2) | (1,230.8) | (414.3) | (766.5) | (728.2) | (582.9) | +20.0% | |
| Share buybacks | (51.0) | (29.8) | (15.0) | 0.0 | (55.0) | 0.0 | +100.0% | |
| Debt issued / repaid | 3,111.0 | 827.9 | (7,526.2) | (1,854.4) | 87.5 | 4,540.5 | +5089.1% | |
| Financing cash flow | 404.4 | (1,346.0) | 9,264.5 | 11,815.3 | 13,460.7 | 26,093.2 | +93.8% | |
| Free cash flow | 7,986.7 | 3,645.4 | (19,998.6) | (9,961.9) | (14,704.1) | 1,452.2 | +109.9% | |
| Net change in cash | 3,908.3 | 2,617.3 | (19,610.0) | 1,565.0 | (1,599.0) | 0.0 | +100.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in COP; the shares trade in USD.
