Aegean Airlines 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	147.84	129.94	169.97	108	4.91
Depreciation & Amortization	198.78	174.6	150.95	125.93	148.35
Other Amortization	4.56	3.59	2.59	1.75	1.6
Loss (Gain) From Sale of Assets	-20.39	-52.49	-17.84	-32.85	-23.36
Provision & Write-off of Bad Debts	-	-	-2.71	0.52	0.66
Other Operating Activities	13.67	110.72	67.8	52.26	62.64
Change in Accounts Receivable	-74.89	-131.56	-13.34	-3.04	-39.54
Change in Inventory	-6.74	-7.5	-6.98	-10.95	-2.75
Change in Other Net Operating Assets	43.12	161.05	83.31	108.61	58.95
Operating Cash Flow	305.95	388.34	433.76	350.24	211.46
Operating Cash Flow Growth	-21.21%	-10.47%	23.85%	65.63%	-
Capital Expenditures	-240.94	-118.98	-155.48	-124.09	-23.5
Sale of Property, Plant & Equipment	54.6	44.25	0.71	0.24	0.04
Cash Acquisitions	-	-	-	-	-0.77
Divestitures	-	0.75	-	-	-
Investment in Securities	-129.89	-81.12	-76.86	-43.18	-0.55
Other Investing Activities	20.75	19.27	12.08	3.23	0.39
Investing Cash Flow	-301.5	-162.06	-219.54	-163.8	-24.4
Long-Term Debt Issued	296.43	13	21.6	-	92
Long-Term Debt Repaid	-136.64	-129.5	-170.98	-208.56	-366.06
Net Debt Issued (Repaid)	159.79	-116.5	-149.38	-208.56	-274.06
Issuance of Common Stock	-	-	-	-	60
Repurchase of Common Stock	-1.44	-8.5	-0.09	-	-
Common Dividends Paid	-72.13	-67.64	-	-	-
Other Financing Activities	23.3	-37.52	57.4	46.33	27.47
Financing Cash Flow	109.51	-230.16	-92.07	-162.23	-186.59
Foreign Exchange Rate Adjustments	-38.08	3.78	-7.92	-4.51	5.04
Miscellaneous Cash Flow Adjustments	-	-	-0.8	-	-
Net Cash Flow	75.88	-0.1	113.43	19.7	5.52
Free Cash Flow	65.01	269.36	278.28	226.15	187.96
Free Cash Flow Growth	-75.86%	-3.21%	23.05%	20.32%	-
Free Cash Flow Margin	3.50%	15.15%	16.14%	16.37%	27.32%
Free Cash Flow Per Share	0.72	3.00	3.09	2.37	2.30
Cash Interest Paid	71.53	72.08	64.04	41.78	30.24
Cash Income Tax Paid	68.54	50.73	-	-	-
Levered Free Cash Flow	18.53	79.76	336.06	161.49	102.69
Unlevered Free Cash Flow	76.97	146.47	377.46	187.95	121.86
Change in Working Capital	-38.51	21.98	62.99	94.61	16.66

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.