BELEX:ENHL Cash Flow Statement

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

Millions RSD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	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	1,319	-13.03	-39.22	-32.66	622.13	1,111
Depreciation & Amortization	441.43	454.44	517.91	529.97	429.55	486.8
Other Operating Activities	-966.88	-326.22	52.44	1,953	-646.7	-48.47
Operating Cash Flow	793.92	115.19	531.13	2,450	404.97	1,549
Operating Cash Flow Growth	23.57%	-78.31%	-78.32%	505.04%	-73.85%	-49.27%
Capital Expenditures	-69.3	-88.26	-488.55	-478.23	-310.87	-93.21
Sale of Property, Plant & Equipment	114.94	179.54	21.62	121.7	112.62	49.8
Investment in Securities	646.07	423.2	-139.81	-77	131.46	-118.41
Other Investing Activities	224.1	328.55	141.93	39.74	27.53	59.3
Investing Cash Flow	915.81	843.02	-464.8	-393.79	-39.26	-102.51
Short-Term Debt Issued	-	161.87	27.72	955.81	0.21	1,664
Long-Term Debt Issued	-	-	5.1	1	-	58.79
Total Debt Issued	-59.75	161.87	32.82	956.81	0.21	1,723
Short-Term Debt Repaid	-	-21.47	-457.15	-147.02	-307.8	-5,225
Long-Term Debt Repaid	-	-80.66	-268.38	-293.32	-793.05	-546.85
Total Debt Repaid	-738.11	-102.13	-725.53	-440.34	-1,101	-5,772
Net Debt Issued (Repaid)	-797.86	59.74	-692.71	516.47	-1,101	-4,049
Common Dividends Paid	-31.87	-34.85	-24.97	-182.86	-11.8	-0.28
Other Financing Activities	-471.04	-5.92	-49.39	-58.05	-11.04	3,290
Financing Cash Flow	-1,301	18.97	-767.07	275.56	-1,123	-759
Foreign Exchange Rate Adjustments	-48.99	-21.24	-71.57	319.19	45.84	-229.47
Net Cash Flow	359.98	955.95	-772.3	2,651	-711.94	457.87
Free Cash Flow	724.61	26.93	42.58	1,972	94.1	1,456
Free Cash Flow Growth	373.01%	-36.75%	-97.84%	1995.71%	-93.54%	-50.41%
Free Cash Flow Margin	6.30%	0.29%	0.40%	13.77%	0.46%	5.59%
Free Cash Flow Per Share	66.89	2.49	3.93	182.03	8.69	134.36
Cash Interest Paid	376.57	418.42	309.59	257.74	229.02	172.93
Cash Income Tax Paid	179.84	214.49	108.63	286.67	436.51	164.58
Levered Free Cash Flow	-	142.09	-731.26	1,175	-1,197	4,104
Unlevered Free Cash Flow	-	387.9	-455.61	1,357	-1,082	4,199

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