ING Groep Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
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
Net Income	11,791	7,772	6,037	17,358	6,782
Depreciation & Amortization	665	673	674	711	834
Provision for Credit Losses	520	1,194	1,304	1,861	516
Other Adjustments	-1,999	-873	-634	-7,806	-1,460
Changes in Trading Assets	17,211	-12,663	-3,359	-5,489	-25
Changes in Trading Liabilities	-11,829	-1,964	-1,869	11,975	-5,596
Changes in Other Operating Activities	-1,366	-23,373	-15,406	-35,483	1,525
Operating Cash Flow	-6,380	-22,544	-11,340	-11,112	-14,943
Net Change in Loans Held-for-Investment	-58,368	-34,401	-5,816	-19,297	-27,860
Net Change in Securities and Investments	-15,191	-5,462	-8,171	-4,988	6,552
Payments for Business Acquisitions	-1	-26	-55	-48	-91
Proceeds from Business Divestments	225	107	164	65	84
Capital Expenditures	-351	-332	-246	-231	-184
Sale of Property, Plant & Equipment	39	50	57	83	39
Other Investing Activities	-417	-370	-295	-188	-179
Investing Cash Flow	-15,697	-6,033	-8,545	-5,307	6,220
Net Change in Deposits	36,212	41,090	8,513	25,057	10,339
Long-Term Debt Issued	154,143	129,304	118,661	93,690	88,276
Long-Term Debt Repaid	-138,028	-115,945	-93,468	-83,934	-78,599
Net Long-Term Debt Issued (Repaid)	16,115	13,359	25,193	9,756	9,677
Common Dividends Paid	-3,884	-3,879	-2,967	-3,093	-2,382
Other Financing Activities	-3,987	-4,107	-3,822	-2,013	-1,908
Financing Cash Flow	8,245	5,374	18,404	4,649	5,387
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-1,089	-740	-898	-504	-565
Net Cash Flow	-13,832	-23,203	-1,481	-11,770	-3,335
Free Cash Flow	-6,731	-22,876	-11,586	-11,343	-15,127
FCF Margin	-26.75%	-115.00%	-68.89%	-39.72%	-77.27%
Free Cash Flow Per Share	-2.25	-7.09	-3.25	-3.13	-3.89
Levered Free Cash Flow	28,769	-18,966	9,127	-6,635	12,182
Unlevered Free Cash Flow	4,330	-37,659	-20,206	-28,517	-3,446

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.