Mermeren Kombinat AD Cash Flow Statement

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

Millions MKD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	908.65	842.62	860.68	916.42	508.75
Depreciation & Amortization	138.38	138.06	130.1	136.37	126.37
Other Amortization	0.54	1.36	1.36	1.41	12.45
Loss (Gain) From Sale of Assets	-0.49	-0.05	0.88	-0.36	3.92
Asset Writedown & Restructuring Costs	-	-	1.58	1.55	-
Provision & Write-off of Bad Debts	0.02	-0.01	1.97	0.11	0.05
Other Operating Activities	55.66	21.6	29.42	104.64	-70.98
Change in Accounts Receivable	29.86	-38.52	-81.22	-167.3	178.3
Change in Inventory	16.52	-24.26	-27.02	-17.39	-27.3
Change in Accounts Payable	-	-	12.13	-8.74	-
Change in Other Net Operating Assets	-1.05	17.32	-	-	-27.59
Operating Cash Flow	1,148	958.12	929.86	966.72	703.97
Operating Cash Flow Growth	19.83%	3.04%	-3.81%	37.32%	-18.94%
Capital Expenditures	-188.01	-143.44	-103.09	-71.25	-272.33
Sale of Property, Plant & Equipment	31.77	0.13	0.37	0.36	0.34
Sale (Purchase) of Intangibles	-54.91	-2.71	-11.36	-2.79	-2.16
Other Investing Activities	2.68	4.3	1.64	2.17	1.74
Investing Cash Flow	-261.8	-2.1	-190.49	-73.65	-301.39
Long-Term Debt Issued	-	4.61	-	-	-
Long-Term Debt Repaid	-0.92	-1.16	-	-60.93	-9.66
Net Debt Issued (Repaid)	-0.92	3.45	-	-60.93	-9.66
Common Dividends Paid	-794.19	-1,158	-978.13	-649.99	-491.79
Other Financing Activities	-8.61	-12.55	-10.62	-	-
Financing Cash Flow	-803.73	-1,167	-988.75	-710.93	-501.45
Foreign Exchange Rate Adjustments	0.43	0.7	2.25	2.82	-5.05
Net Cash Flow	83	-210.08	-247.13	184.96	-103.92
Free Cash Flow	960.09	814.68	826.77	895.47	431.64
Free Cash Flow Growth	17.85%	-1.46%	-7.67%	107.46%	-21.36%
Free Cash Flow Margin	49.57%	45.26%	44.11%	47.99%	31.78%
Free Cash Flow Per Share	204.85	173.82	176.40	191.06	92.10
Cash Interest Paid	0.17	0.06	0	1.21	2.49
Cash Income Tax Paid	65.63	79.18	73.69	21.36	129.37
Levered Free Cash Flow	638.75	548.12	546.75	615.11	253.86
Unlevered Free Cash Flow	638.86	548.16	546.75	615.81	255.41
Change in Working Capital	45.33	-45.46	-96.12	-193.43	123.41

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.