AMS Osiguranje a.d. Cash Flow Statement

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

Millions RSD. 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	318.75	294.77	273.41	216.2	522.72
Depreciation & Amortization	119.19	106.5	81.46	67.7	60.36
Other Amortization	23.16	3.6	2.19	2.03	1.33
Other Operating Activities	-101.52	58.06	232.86	557.89	-44.65
Operating Cash Flow	359.58	462.93	589.92	843.82	539.74
Operating Cash Flow Growth	-22.32%	-21.53%	-30.09%	56.34%	-29.08%
Capital Expenditures	-285.63	-352.45	-300.36	-510.9	-76.33
Sale of Property, Plant & Equipment	0.56	65.97	104.32	0.48	1.26
Investment in Securities	-352.25	-430.07	-1,902	1,174	-1,222
Other Investing Activities	82.09	107.7	94.01	33.8	22.51
Investing Cash Flow	-555.23	-608.86	-2,004	697.81	-1,275
Common Dividends Paid	-20	-10.08	-7.74	-1.55	-1.56
Total Dividends Paid	-20	-10.08	-7.74	-1.55	-1.56
Financing Cash Flow	-20	-10.08	-7.74	-1.55	-1.56
Foreign Exchange Rate Adjustments	0.08	-0.48	-0.34	-0.74	0.01
Net Cash Flow	-215.57	-156.49	-1,422	1,539	-736.67
Free Cash Flow	73.95	110.48	289.56	332.93	463.41
Free Cash Flow Growth	-33.07%	-61.85%	-13.03%	-28.16%	-18.18%
Free Cash Flow Margin	0.93%	1.59%	4.77%	6.85%	10.25%
Free Cash Flow Per Share	178.38	266.50	698.50	803.10	1473.26
Cash Interest Paid	0.84	0.02	0.04	0	0.01
Cash Income Tax Paid	39.13	110.92	55.53	76.08	107.67
Levered Free Cash Flow	-210.89	256.33	126.59	1,146	-211.57
Unlevered Free Cash Flow	-208.26	259.24	130.96	1,147	-209.43