Brunello Cucinelli 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	141.99	128.51	123.81	87.21	56.3
Depreciation & Amortization	180.61	153	138.85	131.95	116.28
Other Adjustments	34.38	40.48	29.8	25.26	4.6
Change in Receivables	-31.8	-4.03	-4.9	-4.6	6.6
Changes in Inventories	-59.11	-72.57	-54.05	-41.9	18.23
Changes in Accounts Payable	29.45	-4.3	36.4	34.03	5.52
Changes in Income Taxes Payable	-65.4	-81.09	-83.68	-31.28	-7.78
Changes in Other Operating Activities	12.48	28.93	22.82	15.27	8.43
Operating Cash Flow	242.61	188.93	209.05	215.94	208.18
Operating Cash Flow Growth	28.41%	-9.62%	-3.19%	3.73%	470.94%
Capital Expenditures	-128.3	-90.63	-69.41	-55.95	-45.26
Sale of Property, Plant & Equipment	0.23	1.17	0.61	0.09	1.1
Purchases of Intangible Assets	-14.17	-9.18	-7.12	-7.5	-10.71
Purchases of Investments	-3.05	-6.35	-2.83	-18.18	-1.82
Proceeds from Sale of Investments	-	-	25.9	-	-
Payments for Business Acquisitions	-	-3.95	-	-	-1.67
Investing Cash Flow	-145.3	-108.95	-52.84	-81.54	-58.35
Short-Term Debt Issued	23.14	-3.1	16.28	34.94	8.34
Net Short-Term Debt Issued (Repaid)	23.14	-3.1	16.28	34.94	8.34
Long-Term Debt Issued	181.43	212.27	0.54	5	63.13
Long-Term Debt Repaid	-87.69	-38.37	-31.16	-36.5	-116.78
Net Long-Term Debt Issued (Repaid)	93.75	173.9	-30.62	-31.5	-53.65
Common Dividends Paid	-68.78	-66.1	-53.12	-32.29	-
Other Financing Activities	-119.92	-111.21	-96.16	-86.79	-82.07
Financing Cash Flow	-71.82	-6.51	-163.62	-115.65	-127.38
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-4.7	1.63	-3.04	0.65	2.73
Net Cash Flow	25.5	73.47	-7.41	18.74	22.44
Free Cash Flow	114.31	98.3	139.64	159.99	162.92
Free Cash Flow Growth	16.28%	-29.60%	-12.72%	-1.80%	-
FCF Margin	8.12%	7.69%	12.26%	17.40%	22.88%
Free Cash Flow Per Share	-	1.45	2.05	2.35	2.40
Levered Free Cash Flow	221.65	223.63	91.2	136.15	103.43
Unlevered Free Cash Flow	132.51	84.69	124.78	146.67	163.16

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.