Intercorp Financial Services (IFS) Cash Flow: Operating & Free Cash Flow

Intercorp Financial Services (IFS) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Intercorp Financial Services generated PEN 1.83B of operating cash flow and spent PEN 523.40M on capital expenditures. That left free cash flow of PEN 1.31B, or 23.8% of revenue. It returned PEN 669.38M to shareholders through PEN 406.83M in dividends and PEN 262.55M in share buybacks.

Intercorp Financial Services Cash Flow Statement Analysis

Values in billions PEN

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Intercorp Financial Services Inc. (IFS) - Annual data in billions PEN
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Jan 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	1.94	1.31	1.08	1.68	1.80	1.80	0.38	1.45	1.09	1.03
Depreciation & Amortization	0.45	0.41	0.38	0.34	0.28	0.28	0.27	0.26	0.16	0.15
Deferred Income Tax	-0.04	0.10	0.10	0.00	-	0.21	-0.31	0.04	0.01	0.00
Change in Working Capital	-1.02	-0.19	-0.18	-3.64	-	-0.78	10.91	-0.14	-3.51	1.93
Change in Accounts Receivable	0.53	-0.19	-0.46	0.16	-	-0.22	-0.34	0.00	-0.41	0.21
Change in Inventory	0.00	0.00	0.00	0.00	-	0.00	0.00	-5.19	0.00	0.00
Change in Accounts Payable	0.27	1.30	0.75	-1.43	3.19	2.37	1.71	0.89	0.92	0.81
Change in Other Working Capital	0.00	-1.31	-0.47	-2.98	-3.50	0.01	9.53	4.15	-4.01	0.91
Other Operating Activities	0.00	-3.31	1.49	0.12	-0.06	0.01	1.74	0.06	0.19	0.30
Net Cash from Operating Activities	1.83	-1.78	2.88	-0.54	-0.55	1.35	12.99	1.67	-2.05	3.41
Investing Activities
Capital Expenditures	-0.52	-0.10	-0.43	-0.14	-0.09	-0.26	-0.25	-0.21	-0.20	-0.25
Acquisitions	0.00	0.00	0.00	-0.19	-	0.00	0.00	0.00	0.00	-0.66
Purchases of Investments	-0.36	-0.40	-3.12	-0.86	-	-1.91	-3.74	0.00	-0.27	-1.28
Sales/Maturities of Investments	0.00	0.00	0.00	0.00	-	0.00	0.00	0.15	0.00	0.00
Other Investing Activities	-0.06	0.10	-0.26	-0.03	-0.16	-0.33	-0.26	0.07	0.05	-0.28
Net Cash from Investing Activities	-0.94	-0.01	-3.53	-1.39	-2.33	-2.33	-4.05	0.00	-0.30	-2.31
Financing Activities
Debt Repayment	-1.59	0.36	-2.42	-0.28	-0.18	-0.23	0.15	0.63	0.45	0.16
Common Stock Issued	0.00	0.00	0.00	0.00	-	0.00	0.00	0.68	0.38	0.09
Common Stock Repurchased	-0.26	-0.12	-0.08	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-0.41	-0.43	-0.51	-0.75	-0.63	-0.63	-0.70	-0.65	-0.51	-0.48
Other Financing Activities	0.00	4.87	0.00	-0.27	-0.01	0.00	0.00	0.41	-0.10	-0.07
Net Cash from Financing Activities	-0.40	4.68	-3.01	-1.74	1.03	-0.86	-0.55	1.06	0.23	-0.30
Summary
Effect of Forex Changes on Cash	-0.12	0.01	0.04	-0.03	0.11	0.11	-0.10	0.03	-0.02	-0.07
Net Change in Cash	0.49	2.90	-3.63	-3.71	-1.73	-1.84	8.29	2.76	-2.14	0.73
Cash at Beginning of Period	11.98	9.07	12.71	16.42	-	18.15	9.85	7.09	9.23	8.50
Cash at End of Period	12.35	11.98	9.07	12.71	-	16.42	18.15	9.85	7.09	9.23
Free Cash Flow	1.31	-1.88	2.45	-0.68	-0.64	1.09	12.75	1.46	-2.25	3.16
Supplemental Disclosures
Interest Paid	-	2.43	2.25	1.40	0.99	-	-	-	-	-
Income Taxes Paid	-	0.36	0.45	0.33	0.28	-	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Intercorp Financial Services Cash Flow

What is Intercorp Financial Services's free cash flow?

Intercorp Financial Services generated free cash flow of PEN 1.31B in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of PEN 1.83B minus PEN 523.40M of capital expenditures. Free cash flow equaled 23.8% of revenue.

How much does Intercorp Financial Services spend on capital expenditures?

Intercorp Financial Services spent PEN 523.40M on capital expenditures in fiscal 2025, compared with PEN 104.72M a year earlier. That equals 28.6% of operating cash flow.

Does Intercorp Financial Services pay dividends or buy back shares?

Yes. In fiscal 2025 Intercorp Financial Services returned PEN 406.83M in dividends and PEN 262.55M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition