Geox 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 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	-16.21	-30.34	-6.45	-13.02	-62.15
Depreciation & Amortization	66.57	67.46	73.45	75.16	77.68
Stock-Based Compensation	0.44	-	-1.05	1.92	1.98
Other Operating Activities	13.24	-6.32	19.33	-11.41	-21.43
Change in Accounts Receivable	4.76	9.15	6.33	-10.7	14.1
Change in Inventory	15.6	30.03	21	-56.74	42.37
Change in Accounts Payable	-52.96	-17.9	-62.64	108.82	24.62
Change in Income Taxes	-	-	-	-	-3.35
Change in Other Net Operating Assets	6.66	4.41	14.2	-3.98	5.99
Operating Cash Flow	38.11	56.48	64.17	90.07	79.8
Operating Cash Flow Growth	-32.53%	-11.97%	-28.76%	12.86%	-
Capital Expenditures	-9.91	-10.4	-10.96	-15.25	-11.37
Sale of Property, Plant & Equipment	-	0	-	0.05	6.51
Sale (Purchase) of Intangibles	-4.55	-6.1	-7.74	-9.99	-7.47
Investment in Securities	0.41	1.82	-1.63	-1.06	0.38
Other Investing Activities	-	-	-	-	-0.15
Investing Cash Flow	-14.04	-14.68	-20.33	-26.25	-12.1
Short-Term Debt Issued	-	19.73	-	-	-
Long-Term Debt Issued	10	-	104.89	17	16.67
Total Debt Issued	10	19.73	104.89	17	16.67
Short-Term Debt Repaid	-23.28	-	-13.02	-2.22	-1.86
Long-Term Debt Repaid	-48.69	-104.87	-89.52	-100.2	-120.84
Total Debt Repaid	-71.97	-104.87	-102.54	-102.42	-122.7
Net Debt Issued (Repaid)	-61.97	-85.15	2.35	-85.42	-106.03
Issuance of Common Stock	29.4	-	-	-	-
Financing Cash Flow	-32.57	-85.15	2.35	-85.42	-106.03
Foreign Exchange Rate Adjustments	0.15	-0.16	-0.34	0.26	0.86
Net Cash Flow	-8.35	-43.49	45.84	-21.35	-37.48
Free Cash Flow	28.2	46.09	53.2	74.82	68.43
Free Cash Flow Growth	-38.80%	-13.38%	-28.89%	9.33%	-
Free Cash Flow Margin	4.63%	6.94%	7.39%	10.17%	11.24%
Free Cash Flow Per Share	0.09	0.18	0.21	0.29	0.26
Cash Interest Paid	13.5	15.74	13.87	8.25	6.74
Cash Income Tax Paid	1.68	1.39	1.02	0.67	3.35
Levered Free Cash Flow	22.38	73.34	49.43	80.87	58
Unlevered Free Cash Flow	30.53	83.3	59.41	87.89	61.21
Change in Working Capital	-25.94	25.69	-21.11	37.41	83.72

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