Banca Mediolanum 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	1,238	1,120	821.87	506.83	713.06
Depreciation & Amortization	23.97	62.11	66.65	67.2	48.9
Other Amortization	28.39	-	-	-	-
Gain (Loss) on Sale of Investments	-871.22	-2,371	-1,627	2,268	-1,008
Total Asset Writedown	2.91	-	-	-0	-
Change in Trading Asset Securities	23.74	582.61	-98	-644.76	657.39
Change in Other Net Operating Assets	-879.52	-934.48	-2,924	2,921	-2,945
Other Operating Activities	823.67	2,693	2,006	-2,819	3,443
Operating Cash Flow	389.84	1,152	-1,754	2,298	909.3
Operating Cash Flow Growth	-66.16%	-	-	152.75%	3631.08%
Capital Expenditures	-7.77	-15.56	-13.28	-22.03	-23.25
Sale of Property, Plant and Equipment	1.15	4.83	-	-	-
Purchase / Sale of Intangibles	-35.71	-40.92	-38.99	-37.46	-37.56
Other Investing Activities	22	36.13	28.34	25.42	22.66
Investing Cash Flow	-20.34	-15.52	-23.93	-34.06	-38.14
Issuance of Common Stock	17.05	2.17	15.22	6.51	5.74
Repurchase of Common Stock	-	-57.63	-	-	-
Common Dividends Paid	-909.17	-584.9	-400.86	-438.02	-493.35
Financing Cash Flow	-892.12	-640.36	-385.65	-431.51	-737.97
Net Cash Flow	-522.62	496.31	-2,164	1,833	133.19
Free Cash Flow	382.08	1,137	-1,767	2,276	886.05
Free Cash Flow Growth	-66.39%	-	-	156.90%	6271.28%
Free Cash Flow Margin	16.11%	48.22%	-94.51%	165.25%	55.40%
Free Cash Flow Per Share	0.51	1.52	-2.38	3.06	1.20

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