BPER Banca SpA 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	1,818	1,403	1,519	1,449	525.12
Depreciation & Amortization	193.31	338.21	267.44	232.39	285.08
Other Amortization	184.13	-	-	-	-
Gain (Loss) on Sale of Assets	0.37	-	-	-	-
Gain (Loss) on Sale of Investments	-194.33	-93.04	-161.48	16.91	-63.92
Total Asset Writedown	23.73	30.05	47.66	30.16	64.46
Provision for Credit Losses	649.03	421.7	530.56	750.79	1,154
Change in Trading Asset Securities	178.99	136.8	1,584	547.66	-329.81
Change in Other Net Operating Assets	-165.22	-5,651	-8,106	10,380	294.46
Other Operating Activities	433.47	919.28	898.44	-612.85	-664.81
Operating Cash Flow	3,122	-2,495	-3,420	12,794	1,265
Operating Cash Flow Growth	-	-	-	911.46%	-
Capital Expenditures	-312.32	-358.1	-155.8	-164.06	-148.85
Sale of Property, Plant and Equipment	25.11	36.68	71.28	41.56	25.05
Cash Acquisitions	-	-	-	279.23	-520.34
Investment in Securities	-337.04	106.13	-3.85	-3.28	-1.6
Purchase / Sale of Intangibles	1,658	-	-225.72	-170.53	-97.39
Investing Cash Flow	1,034	-215.29	-314.08	-17.07	-743.13
Issuance of Common Stock	735.98	989.85	2.68	5.77	-
Repurchase of Common Stock	-21.04	-28.66	-	-	-3.06
Common Dividends Paid	-1,049	-423.83	-169.71	-84.67	-56.51
Other Financing Activities	-27.38	-24.03	-11.35	-6.61	-4.56
Financing Cash Flow	-361.77	513.33	-178.37	-85.5	-64.13
Foreign Exchange Rate Adjustments	-0.68	-0.34	0.15	-0.27	-0.46
Net Cash Flow	3,793	-2,198	-3,912	12,691	457.18
Free Cash Flow	2,810	-2,853	-3,575	12,630	1,116
Free Cash Flow Growth	-	-	-	1031.66%	-
Free Cash Flow Margin	47.32%	-55.33%	-72.68%	348.13%	44.17%
Free Cash Flow Per Share	1.68	-1.97	-2.46	8.72	0.77

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