BMV:GNP Cash Flow Statement

Financials in millions MXN. Fiscal year is January - December.

Millions MXN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2016
Net Income	1,470	3,563	4,010	2,633	1,618	Upgrade
Depreciation & Amortization	648.47	383	545	922	486	Upgrade
Change in Accounts Receivable	-3,935	-12,303	-1,935	-1,005	-765	Upgrade
Change in Insurance Reserves / Liabilities	-1,856	7,374	-5,051	-1,313	3,803	Upgrade
Change in Other Net Operating Assets	74,755	-95,932	97,784	46,044	-27,930	Upgrade
Other Operating Activities	-67,399	97,930	-93,701	-45,256	25,080	Upgrade
Operating Cash Flow	3,791	1,229	1,542	1,989	2,256	Upgrade
Operating Cash Flow Growth	208.45%	-20.30%	-22.47%	-11.83%	-18.23%	Upgrade
Capital Expenditures	-873.36	-489	-370	-1,336	-748	Upgrade
Investing Cash Flow	-873.36	-489	-370	-1,336	-748	Upgrade
Common Dividends Paid	-1,782	-1,009	-1,316	-807	-1,871	Upgrade
Other Financing Activities	-0	-	-	-	-	Upgrade
Financing Cash Flow	-1,782	-1,009	-1,316	-807	-1,871	Upgrade
Foreign Exchange Rate Adjustments	122.03	-104	143	56	-28	Upgrade
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-	Upgrade
Net Cash Flow	1,258	-373	-1	-98	-391	Upgrade
Free Cash Flow	2,917	740	1,172	653	1,508	Upgrade
Free Cash Flow Growth	294.26%	-36.86%	79.48%	-56.70%	-44.84%	Upgrade
Free Cash Flow Margin	2.54%	0.71%	1.28%	0.80%	2.04%	Upgrade
Free Cash Flow Per Share	13.02	3.30	5.23	2.91	6.73	Upgrade
Levered Free Cash Flow	-2,932	-9,966	2,941	-576.5	801.38	Upgrade
Unlevered Free Cash Flow	-2,932	-9,966	2,941	-576.5	801.38	Upgrade
Change in Working Capital	68,964	-100,861	90,798	43,726	-24,892	Upgrade

Source: S&P Capital IQ. Insurance template. Financial Sources.