Banco BPM Cash Flow Statement

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

Millions EUR. 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	2,082	1,920	1,264	685.05	569.07
Depreciation & Amortization	209.98	292.88	277.71	312.22	280.29
Other Amortization	117.73	-	-	-	-
Gain (Loss) on Sale of Investments	-276.26	-229.2	-125.08	-15.94	-111.12
Total Asset Writedown	5.27	-	-	8.13	-
Provision for Credit Losses	366.25	404.78	515.57	480.99	639.48
Change in Trading Asset Securities	-9,177	-4,529	-6,489	-2,113	2,798
Change in Other Net Operating Assets	1,674	-3,988	2,002	-19,578	15,613
Other Operating Activities	1,455	1,158	8,448	4,545	-107.45
Operating Cash Flow	-3,542	-4,971	5,893	-15,676	19,681
Operating Cash Flow Growth	-	-	-	-	164.33%
Capital Expenditures	-91.31	-113.59	-73.54	-122.29	-92.32
Sale of Property, Plant and Equipment	47.21	1.55	5.52	1.84	17.72
Cash Acquisitions	-1,053	-	-	-	-
Investment in Securities	40.98	228	40.64	74.3	0.31
Purchase / Sale of Intangibles	-420.29	-142.85	-115.46	-204.29	-106.2
Other Investing Activities	61.32	81.46	-	-	-
Investing Cash Flow	-1,415	54.58	-142.84	-250.44	-180.49
Issuance of Common Stock	54.62	37.95	-	208.02	332.4
Repurchase of Common Stock	-17.01	-50.04	-30.09	-16.02	-
Common Dividends Paid	-1,599	-1,449	-349.52	-288.34	-
Financing Cash Flow	-1,561	-1,461	-379.61	-96.34	241.85
Net Cash Flow	-6,518	-6,377	5,371	-16,023	19,743
Free Cash Flow	-3,634	-5,084	5,820	-15,798	19,589
Free Cash Flow Growth	-	-	-	-	165.46%
Free Cash Flow Margin	-67.50%	-93.22%	126.92%	-419.63%	594.15%
Free Cash Flow Per Share	-2.42	-3.38	3.86	-10.47	12.97

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