Tigar a.d. (BELEX:TIGR)

Tigar a.d. Cash Flow Statement

Financials in millions RSD. 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	-420.62	-1,019	-1,195	-799.63	-644.07
Depreciation & Amortization	87.43	93.29	97.77	110.28	123.87
Other Operating Activities	24.07	794.44	437.12	290.93	349.6
Operating Cash Flow	-309.12	-131.4	-660.61	-398.42	-170.6
Capital Expenditures	-8.05	-240.45	-3.79	-63.65	-94.33
Sale of Property, Plant & Equipment	12.74	226.86	-	0.01	233.34
Other Investing Activities	-	3.62	25.11	-	-
Investing Cash Flow	4.69	-9.96	21.32	-63.64	139.01
Short-Term Debt Issued	131.28	-	3.4	-	-
Long-Term Debt Issued	347.9	20	936	340	210.59
Total Debt Issued	479.18	20	939.4	340	210.59
Long-Term Debt Repaid	-	-188.51	-2.54	-5.42	-120.06
Net Debt Issued (Repaid)	479.18	-168.51	936.86	334.58	90.53
Repurchase of Common Stock	-	-	-109.91	-	-
Common Dividends Paid	-	-	-	-0.55	-1.55
Other Financing Activities	-0.02	-2.22	-0.46	-	-0.17
Financing Cash Flow	479.15	-170.72	826.49	334.03	88.81
Foreign Exchange Rate Adjustments	-1.64	-0.33	-0.94	-1.95	-1.2
Net Cash Flow	173.08	-312.42	186.26	-129.98	56.03
Free Cash Flow	-317.17	-371.85	-664.39	-462.07	-264.93
Free Cash Flow Margin	-14.78%	-19.03%	-32.46%	-15.86%	-9.22%
Free Cash Flow Per Share	-	-33.92	-60.81	-56.65	-32.48
Cash Interest Paid	-	27.84	13.89	18.37	16.07
Cash Income Tax Paid	-	0.63	1.28	13.1	3.73
Levered Free Cash Flow	-143.51	414.97	-1,222	-346.06	-221.77
Unlevered Free Cash Flow	-102.28	504.95	-919.2	-77.55	21.34

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