| ARS billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 70.3 | 145.9 | 24.0 | 1.0 | 129.2 | 289.4 | +124.1% | |
| Depreciation & amortization | 12.9 | 43.2 | 103.4 | 0.1 | 138.1 | 0.0 | −100.0% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (72.3) | 34.1 | 442.0 | (1,937.5) | (4,794.5) | 566.5 | +111.8% | |
| Operating cash flow | 351.9 | 271.8 | 1,612.2 | (85.2) | 918.6 | 1.7 | −99.8% | |
| Capital expenditure | (10.8) | (41.8) | (75.8) | (57.1) | (124.5) | (0.1) | +99.9% | |
| Acquisitions | 0.0 | (0.2) | 0.0 | (0.0) | (8.5) | 0.0 | +100.0% | |
| Investing cash flow | (10.8) | (42.0) | (165.0) | 233.0 | (175.9) | (3.4) | +98.1% | |
| Dividends paid | (0.0) | 0.0 | (59.5) | (0.0) | (466.9) | (315.0) | +32.5% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.2) | — | |
| Debt issued / repaid | (18.4) | (8.9) | (6.4) | 4.1 | (116.7) | 795.8 | +781.6% | |
| Financing cash flow | 146.5 | (306.9) | 154.8 | (2,902.7) | 491.5 | 2.4 | −99.5% | |
| Free cash flow | 341.1 | 230.0 | 1,536.5 | (142.3) | 794.1 | 1.6 | −99.8% | |
| Net change in cash | 574.4 | (171.3) | 1,731.6 | (950.9) | (199.1) | (2,862.8) | −1337.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in ARS; the shares trade in USD.
