| COP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 1,566.6 | 16,878.8 | 36,527.9 | 17,638.0 | 16,130.1 | 8,395.5 | −48.0% | |
| Depreciation & amortization | 8,879.9 | 11,273.6 | 13,627.2 | 13,222.3 | 17,100.9 | 14,459.8 | −15.4% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (2,200.3) | (13,673.9) | (34,426.3) | (26,510.6) | 2,875.8 | (1,367.3) | −147.5% | |
| Operating cash flow | 6,772.6 | 21,220.7 | 36,279.8 | 14,422.0 | 42,827.5 | 25,297.4 | −40.9% | |
| Capital expenditure | (4,670.3) | (6,598.3) | (9,587.0) | (8,651.4) | (10,283.1) | (9,102.5) | +11.5% | |
| Acquisitions | 22.0 | (9,655.0) | 0.0 | 0.0 | (1,121.2) | (340.9) | +69.6% | |
| Investing cash flow | (8,338.9) | (22,639.8) | (22,450.7) | (20,713.9) | (26,014.2) | (18,562.6) | +28.6% | |
| Dividends paid | (8,106.0) | (2,989.1) | (14,605.1) | (5,154.7) | (16,810.9) | (10,913.1) | +35.1% | |
| Share buybacks | 0.0 | 0.0 | (92.8) | (41.4) | (33.1) | (16.8) | +49.4% | |
| Debt issued / repaid | 8,168.4 | 14,452.2 | 475.1 | 11,450.9 | 1,077.1 | 2,989.8 | +177.6% | |
| Financing cash flow | (263.0) | 11,100.7 | (14,697.8) | 5,761.0 | (16,374.4) | (8,537.1) | +47.9% | |
| Free cash flow | 2,102.2 | 14,622.3 | 26,692.8 | 5,770.6 | 32,544.4 | 16,195.0 | −50.2% | |
| Net change in cash | (2,299.6) | 8,446.6 | (1,857.3) | 32.5 | 25.7 | (1,355.8) | −5368.0% |
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.
