| ARS billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (17.7) | (21.3) | (17.5) | 132.8 | 272.1 | 278.7 | +2.4% | |
| Depreciation & amortization | 6.8 | 9.6 | 19.2 | 85.6 | 165.2 | 245.5 | +48.6% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | −100.0% | |
| Change in working capital | (2.1) | 12.9 | 45.3 | 100.7 | 41.0 | (190.9) | −565.7% | |
| Operating cash flow | 17.4 | 21.3 | 35.4 | 71.5 | 245.9 | 116.4 | −52.7% | |
| Capital expenditure | (9.8) | (14.7) | (31.7) | (119.8) | (360.0) | (429.3) | −19.3% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | (38.6) | −32904.8% | |
| Investing cash flow | (7.2) | (25.5) | (37.4) | (79.1) | (567.2) | (537.7) | +5.2% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (15.4) | (3.3) | (10.3) | 9.9 | 314.7 | 541.8 | +72.2% | |
| Financing cash flow | (6.2) | (1.4) | (4.8) | 7.3 | 265.2 | 614.2 | +131.6% | |
| Free cash flow | 7.6 | 6.6 | 3.7 | (48.3) | (114.0) | (312.8) | −174.3% | |
| Net change in cash | 3.8 | (3.4) | (4.5) | 4.1 | (51.4) | 173.4 | +437.2% |
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.
