Ascopiave Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	35.82	36.18	32.66	45.33
Depreciation & Amortization	51.78	48.23	45.98	32.51
Loss (Gain) on Sale of Assets	3.33	-2.14	-	-
Loss (Gain) on Sale of Investments	-	-11.75	-8.54	-
Loss (Gain) on Equity Investments	-12.14	-7.79	-12.18	-23.39
Asset Writedown	-	3.11	1.37	1.26
Stock-Based Compensation	0.08	-	-	-
Change in Accounts Receivable	-29.68	-13.58	10.22	7.25
Change in Inventory	1.26	-0.94	1.1	6.74
Change in Accounts Payable	-9.91	-107.17	143.95	-8.59
Change in Other Net Operating Assets	51.48	53.72	-102.31	26.85
Other Operating Activities	8.82	7.97	-13.71	-5.24
Operating Cash Flow	101.18	6.13	98.52	82.74
Operating Cash Flow Growth	1551.17%	-93.78%	19.08%	96.26%
Capital Expenditures	-16.03	-25.79	-25.18	-1.39
Sale of Property, Plant & Equipment	-	0.06	-	-
Sale (Purchase) of Intangibles	-65.04	-52.38	-61.72	-51.47
Investment in Securities	-	103.94	-21.84	-12.93
Other Investing Activities	13.47	23.23	25.46	20.86
Investing Cash Flow	-67.6	49.06	-83.29	-44.93
Long-Term Debt Issued	331.01	784.52	681.85	312.18
Short-Term Debt Repaid	-	-	-126.29	-55.05
Long-Term Debt Repaid	-351.51	-836.8	-523.12	-239.7
Total Debt Repaid	-351.51	-836.8	-649.41	-294.75
Net Debt Issued (Repaid)	-20.5	-52.27	32.44	17.43
Issuance of Common Stock	-	-	-	0.04
Repurchase of Common Stock	-0.65	-	-	-
Common Dividends Paid	-30.34	-28.5	-35.76	-34.66
Other Financing Activities	-	0.76	22.46	0.02
Financing Cash Flow	-51.49	-80.02	19.14	-17.17
Net Cash Flow	-17.9	-24.83	34.38	20.64
Free Cash Flow	85.16	-19.66	73.34	81.34
Free Cash Flow Growth	-	-	-9.84%	97.72%
Free Cash Flow Margin	41.55%	-10.87%	44.81%	60.30%
Free Cash Flow Per Share	0.39	-0.09	0.34	0.38
Cash Interest Paid	13.33	9.03	5.35	1.65
Cash Income Tax Paid	6.02	1.48	12.93	12.61
Levered Free Cash Flow	-179.91	-71.14	13.23	28.39
Unlevered Free Cash Flow	-171.98	-64.2	16.43	29.37
Change in Working Capital	13.16	-67.97	52.96	32.24

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.