E.T.S. S.P.A. Engineering and Technical Services (BIT:ETS)

BIT:ETS Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Net Income	3.28	3.28	2.72
Depreciation & Amortization	0.16	0.16	0.15
Other Amortization	0.23	-	-
Other Operating Activities	1.47	1.46	1.23
Change in Accounts Receivable	-2.28	1.05	-2.42
Change in Accounts Payable	-2.43	0.64	1.67
Change in Other Net Operating Assets	0.25	-4.12	-1.5
Operating Cash Flow	0.68	2.46	1.84
Operating Cash Flow Growth	-72.32%	33.57%	-
Capital Expenditures	-0.05	-0.05	-0.16
Sale (Purchase) of Intangibles	-1.23	-0.05	-0.01
Investment in Securities	0.37	-1.28	-0.33
Investing Cash Flow	-0.92	-1.38	-0.5
Short-Term Debt Issued	0	0.03	0.16
Total Debt Issued	0	0.03	0.16
Short-Term Debt Repaid	-0.34	-	-
Long-Term Debt Repaid	-	-0.05	-0.13
Total Debt Repaid	-0.34	-0.05	-0.13
Net Debt Issued (Repaid)	-0.34	-0.02	0.03
Issuance of Common Stock	3.22	-	-
Common Dividends Paid	-	-1.31	-0.5
Financing Cash Flow	2.89	-1.33	-0.47
Net Cash Flow	2.65	-0.25	0.87
Free Cash Flow	0.63	2.4	1.68
Free Cash Flow Growth	-73.89%	43.20%	-
Free Cash Flow Margin	3.94%	15.89%	12.27%
Free Cash Flow Per Share	0.13	6.01	-
Levered Free Cash Flow	-1	1.53	-
Unlevered Free Cash Flow	-0.99	1.54	-
Change in Working Capital	-4.47	-2.44	-2.26

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