BELEX:AERO Cash Flow Statement

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

Millions RSD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	426.13	340.14	287.44	237.11	20.23	-290.01
Depreciation & Amortization	769.32	770.2	698.87	663.41	593.61	596.04
Other Operating Activities	-1,376	-193.24	1,223	-598.9	-348.89	-348.89
Operating Cash Flow	-180.91	917.1	2,209	301.61	264.95	-42.86
Operating Cash Flow Growth	-	-58.48%	632.35%	13.84%	-	-
Capital Expenditures	-31.77	-31.18	-110.26	-116.16	-127.43	-96.19
Investment in Securities	-942.47	-2,064	-941.52	-410.11	-	-
Other Investing Activities	174.82	136.58	46.94	12.57	4.74	4.66
Investing Cash Flow	-799.42	-1,959	-1,005	-513.69	-122.69	-91.53
Common Dividends Paid	-	-	-	-	-	-1.51
Financing Cash Flow	3,752	-	-	-	-	-1.51
Foreign Exchange Rate Adjustments	3.82	-0.89	17.19	-11.82	16.46	22.72
Net Cash Flow	2,775	-1,043	1,221	-223.9	158.72	-113.19
Free Cash Flow	-212.68	885.92	2,099	185.45	137.52	-139.05
Free Cash Flow Growth	-	-57.78%	1031.60%	34.86%	-	-
Free Cash Flow Margin	-17.80%	95.63%	255.85%	25.63%	23.10%	-24.70%
Free Cash Flow Per Share	-	25.33	60.01	5.29	3.93	-3.97
Levered Free Cash Flow	-192.09	314.86	2,190	702.24	95.08	337.81
Unlevered Free Cash Flow	-192.09	314.86	2,190	702.24	95.09	337.82