| COP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 315.4 | 4,207.8 | 6,996.4 | 6,215.0 | 6,365.6 | 3,941.7 | −38.1% | |
| Depreciation & amortization | 736.4 | 855.2 | 949.4 | 1,082.8 | 1,011.5 | 1,056.0 | +4.4% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 5,826.4 | (2,460.0) | (5,358.7) | 4,815.7 | (14,177.0) | (784.8) | +94.5% | |
| Operating cash flow | 11,230.3 | 6,602.8 | 6,339.4 | 19,153.1 | 435.9 | 12,258.9 | +2712.4% | |
| Capital expenditure | (1,530.2) | (2,185.8) | (3,538.9) | (2,412.1) | (2,042.1) | (2,244.2) | −9.9% | |
| Acquisitions | (1,117.7) | (9.2) | (815.3) | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (7,522.1) | (650.5) | (4,654.5) | (159.7) | (559.2) | (2,216.1) | −296.3% | |
| Dividends paid | (1,555.8) | (467.2) | (2,310.7) | (3,298.2) | (3,398.8) | (5,196.6) | −52.9% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (431.4) | — | |
| Debt issued / repaid | (4,221.5) | (4,885.6) | 3,780.8 | (2,396.1) | (6,376.7) | (2,634.7) | +58.7% | |
| Financing cash flow | (4,915.4) | (6,810.0) | 853.4 | (5,430.7) | (9,244.4) | (8,246.9) | +10.8% | |
| Free cash flow | 9,700.2 | 4,417.0 | 2,800.6 | 16,741.0 | (1,606.2) | 10,014.7 | +723.5% | |
| Net change in cash | (36.9) | 1,628.7 | 6,315.4 | 8,154.3 | (6,955.5) | 590.1 | +108.5% |
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.
