Gek Terna S.A. (ATH:GEKTERNA)

Gek Terna Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	139.01	818.38	147.81	136.52	49.95
Depreciation & Amortization	229.38	118.04	90.01	130.78	105.28
Other Amortization	2.58	4.51	4.63	3.58	1.9
Loss (Gain) From Sale of Assets	-0.2	-0.21	-0.37	-0.12	-0.61
Asset Writedown & Restructuring Costs	-11.64	42.14	4.69	10.78	-11.45
Loss (Gain) on Equity Investments	-57.89	-12.05	7.53	-26.31	-57.6
Stock-Based Compensation	19.34	25.29	1.73	50.72	8.04
Provision & Write-off of Bad Debts	34.37	19.26	16.17	41.02	4.69
Other Operating Activities	224.2	-659.55	27.8	279.55	196.82
Change in Accounts Receivable	47.62	-48.72	-204.32	-196.62	6.3
Change in Inventory	6.45	0.17	3.36	-0.33	-11.09
Change in Accounts Payable	-128.9	96.07	82.69	-138.77	39.45
Change in Other Net Operating Assets	52.3	-61.65	-98.07	-46.79	10.46
Operating Cash Flow	556.61	427.01	235.15	244.01	313.92
Operating Cash Flow Growth	30.35%	81.59%	-3.63%	-22.27%	-0.73%

Investing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-1,335	-3,308	-11.49	-255.13	-203.09
Sale of Property, Plant & Equipment	0.32	0.9	2.93	2.62	2.03
Cash Acquisitions	-10.94	-37.24	-35.33	87.93	63.27
Divestitures	13.2	865.1	-	-	-
Sale (Purchase) of Real Estate	-	-	-	-27.47	3.69
Investment in Securities	12.7	-110.94	-5.32	-120.58	1.08
Other Investing Activities	13.75	-347.07	-146.7	76.73	5.69
Investing Cash Flow	-1,361	-2,962	-184.25	-291.49	-218.62

Financing Activities

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	55	141.56	37.76	125.52	32.01
Long-Term Debt Issued	1,589	2,956	40.35	485.59	463.32
Total Debt Issued	1,644	3,098	78.11	611.11	495.33
Short-Term Debt Repaid	-98.71	-59.27	-14.42	-90.25	-46.37
Long-Term Debt Repaid	-361.18	-145.52	-94.14	-176.99	-158.97
Total Debt Repaid	-459.89	-204.78	-108.56	-267.24	-205.33
Net Debt Issued (Repaid)	1,185	2,893	-30.45	343.87	290
Issuance of Common Stock	-	80.45	-	1.74	3.75
Repurchase of Common Stock	-6.74	-33.02	-49.37	-22.92	-23.23
Common Dividends Paid	-41.33	-	-	-	-
Other Financing Activities	-154.44	-199.78	-152.61	-149.65	-110.71
Financing Cash Flow	982.01	2,741	-232.43	173.03	159.81

Net Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-1.72	1.22	0.47	1.8	0.82
Miscellaneous Cash Flow Adjustments	-	-0	-	-	-
Net Cash Flow	176.02	206.8	-181.05	127.35	255.93

Free Cash Flow

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	-778.73	-2,881	223.66	-11.12	110.83
Free Cash Flow Growth	-	-	-	-	-42.78%
Free Cash Flow Margin	-20.20%	-88.65%	6.88%	-0.28%	9.69%
Free Cash Flow Per Share	-7.78	-29.12	2.38	-0.12	1.15
Levered Free Cash Flow	-970.39	-2,969	4.17	-185.57	-114.52
Unlevered Free Cash Flow	-831.46	-2,882	68.93	-115.48	-54.25

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	234.75	176.2	93.83	95.12	85.68
Cash Income Tax Paid	51.74	51.48	108.91	31.38	21.14
Change in Working Capital	-22.53	-14.13	-216.33	-382.51	45.13

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 24, 2026

Data Sources Report a data error