| ARS billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 9.7 | 127.0 | 219.2 | 51.2 | 370.2 | 490.3 | +32.5% | |
| Depreciation & amortization | 18.1 | 58.3 | 132.7 | 132.0 | 129.7 | 235.3 | +81.5% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (0.9) | (45.2) | (56.4) | (12.2) | (118.8) | (166.9) | −40.5% | |
| Operating cash flow | 83.8 | 183.8 | 240.2 | 412.8 | 484.2 | 642.7 | +32.7% | |
| Capital expenditure | (22.8) | (58.5) | (171.6) | (294.2) | (289.8) | (373.4) | −28.8% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (88.5) | (183.7) | (272.7) | (449.5) | (384.9) | (529.5) | −37.6% | |
| Dividends paid | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | (269.3) | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (4.0) | (0.0) | 41.2 | 53.7 | (31.3) | 1,033.0 | +3395.3% | |
| Financing cash flow | (14.9) | (5.8) | 24.6 | 53.7 | (31.3) | 762.8 | +2533.1% | |
| Free cash flow | 61.0 | 125.3 | 68.5 | 118.7 | 194.4 | 269.4 | +38.6% | |
| Net change in cash | (25.4) | (15.7) | (38.2) | (5.9) | 45.6 | 719.4 | +1477.5% |
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.
