Banca Generali 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	445.85	431.23	326.14	213.03	323.1
Depreciation & Amortization	32.76	45.34	42.77	39.51	26.65
Other Amortization	19.45	-	-	-	11.68
Gain (Loss) on Sale of Investments	11.29	-10.3	-5.43	9.7	-3.7
Provision for Credit Losses	19.44	-1.84	0.53	8.33	2.52
Change in Trading Asset Securities	-2,099	-498.79	135.76	1,411	176.37
Change in Other Net Operating Assets	250.68	-99.01	1,346	-3,624	-1,874
Other Operating Activities	-216.31	-36.48	-35.23	-24.43	-4.44
Net Cash from Discontinued Operations	2.43	-	-	-0.16	-
Operating Cash Flow	-1,533	-169.85	1,811	-1,967	-1,342
Capital Expenditures	-1.76	-2.93	-1.5	-1.38	-2
Cash Acquisitions	-65.66	-1.42	-	-	108.92
Investment in Securities	-1.6	-1.97	0.09	-0.8	-0.6
Divestitures	-	-	-	0.13	-
Purchase / Sale of Intangibles	-24.99	-21.41	-26.06	-18.46	-12.97
Investing Cash Flow	-94.02	-27.73	-27.47	-20.5	93.36
Issuance of Common Stock	-	50	-	-	-
Repurchase of Common Stock	-18.67	-9.94	-12.25	-24.39	-25.98
Common Dividends Paid	-321.89	-253.3	-210.48	-209.08	-285.4
Net Increase (Decrease) in Deposit Accounts	1,322	847.95	-1,716	1,375	2,514
Financing Cash Flow	981.87	634.71	-1,938	1,141	2,203
Net Cash Flow	-645.57	437.14	-155.27	-846.1	954.39
Free Cash Flow	-1,535	-172.78	1,809	-1,968	-1,344
Free Cash Flow Margin	-153.16%	-17.30%	225.43%	-306.36%	-187.26%
Free Cash Flow Per Share	-13.46	-1.51	15.86	-17.18	-11.68

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