ESI S.p.A. Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-0.1	-1.73	-0.22	0.11	0.39
Depreciation & Amortization	0.48	0.38	-	-	0.21
Other Adjustments	0.09	-0.55	1.16	-0.18	-0.04
Change in Receivables	-	1.74	-3.13	0.22	0.57
Changes in Inventories	-	16.37	-27.95	-4.79	-0.02
Changes in Accounts Payable	-	-2.49	4.37	1.52	-0.67
Changes in Accrued Expenses	-	-0	0.26	0.02	0.02
Changes in Other Operating Activities	-	-13.07	23.65	3.71	-1.53
Operating Cash Flow	0.47	0.64	-1.86	0.62	-1.05
Operating Cash Flow Growth	-25.26%	-	-	-	-
Capital Expenditures	-3.01	-0.2	-0.37	-0.83	-0.14
Sale of Property, Plant & Equipment	0	0.02	-	-	-
Purchases of Intangible Assets	-0.05	-0.08	-0.03	-0.02	-0.85
Purchases of Investments	-0.05	-0.08	-0.28	-	-
Proceeds from Business Divestments	-	-	-	-0.01	-
Other Investing Activities	-	-	0.04	-0.03	-0.38
Investing Cash Flow	-3.12	-0.34	-0.65	-0.88	-1.37
Short-Term Debt Issued	-	-0.41	-	-0.07	0.07
Net Short-Term Debt Issued (Repaid)	-	-0.41	-	-0.07	0.07
Long-Term Debt Issued	3.5	-	4.81	1.46	-
Long-Term Debt Repaid	-0.49	-2.25	-1.96	-0.06	-
Net Long-Term Debt Issued (Repaid)	3.01	-2.25	2.84	1.4	-
Issuance of Common Stock	-	1.17	0.03	0.2	2.61
Repurchase of Common Stock	-	-0.01	-0.23	-0.01	-
Net Common Stock Issued (Repurchased)	-	1.16	-0.2	0.19	2.61
Financing Cash Flow	3.01	-1.5	2.64	1.52	2.68
Net Cash Flow	0.37	-1.21	0.14	1.26	0.27
Free Cash Flow	-2.54	0.44	-2.23	-0.21	-1.19
FCF Margin	-11.53%	2.56%	-7.31%	-3.85%	-7.53%
Free Cash Flow Per Share	-0.34	0.06	-0.32	-0.03	-0.16
Levered Free Cash Flow	0.38	-3.41	2.58	1.07	-0.75
Unlevered Free Cash Flow	-3.38	-1.4	64.4	-0.44	-0.77