Piraeus Port Authority S.A. (ATH:PPA)

Piraeus Port Authority Cash Flow Statement

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

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	86.15	87.46	66.85	52.89	36.76
Depreciation & Amortization	19.47	19.46	18.98	18.43	18.13
Other Amortization	0.62	0.52	0.61	0.78	0.63
Loss (Gain) From Sale of Assets	-	0	0.18	0.07	-0.09
Stock-Based Compensation	-	-	-0.09	0.19	0.28
Other Operating Activities	1.04	-12.47	9.17	12.13	14.13
Change in Accounts Receivable	1.64	-0.95	-1.23	-2.43	-2.63
Change in Inventory	-0.17	0.49	-0.5	-0.19	0.37
Change in Accounts Payable	8.34	17.24	1.07	7.88	3.08
Change in Unearned Revenue	-1.24	-1.3	-1.11	-1.34	-1.06
Change in Other Net Operating Assets	9.38	-4.29	-0.1	10.6	4.81
Operating Cash Flow	125.23	106.16	93.84	99	74.41
Operating Cash Flow Growth	17.97%	13.13%	-5.22%	33.05%	75.34%
Capital Expenditures	-112.48	-64.26	-27.31	-37.79	-42.58
Sale of Property, Plant & Equipment	-	-	-	0.02	0.29
Other Investing Activities	11.05	4.06	0.97	1.1	11.73
Investing Cash Flow	-101.43	-60.2	-26.34	-36.66	-30.57
Long-Term Debt Repaid	-30.21	-9.74	-9.73	-9.74	-9.69
Net Debt Issued (Repaid)	-30.21	-9.74	-9.73	-9.74	-9.69
Common Dividends Paid	-48	-33.4	-26	-15.7	-10
Other Financing Activities	-0.31	-0.8	-0.82	-0.34	-0.53
Financing Cash Flow	-78.52	-43.94	-36.55	-25.78	-20.22
Net Cash Flow	-54.72	2.02	30.94	36.56	23.62
Free Cash Flow	12.75	41.9	66.52	61.21	31.83
Free Cash Flow Growth	-69.57%	-37.02%	8.67%	92.33%	46.40%
Free Cash Flow Margin	5.08%	18.15%	30.26%	31.46%	20.64%
Free Cash Flow Per Share	0.51	1.68	2.66	2.45	1.27
Cash Interest Paid	0.6	2.19	2.21	0.58	0.87
Cash Income Tax Paid	25.64	32.13	19.14	10.86	5.23
Levered Free Cash Flow	2.53	23.8	64.33	52.62	19.91
Unlevered Free Cash Flow	4.36	25.46	66.25	54.27	21.98
Change in Working Capital	17.95	11.18	-1.86	14.52	4.57

Source: S&P Global Market Intelligence. Standard template. Financial Sources.