Iniziative Bresciane 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	0.98	4.2	3.75	-0.53	3.64
Depreciation & Amortization	9.62	9.76	9.16	8.51	8.18
Other Amortization	0.01	-	-	-	-
Loss (Gain) on Sale of Assets	-	-	-4.26	-	-
Change in Accounts Receivable	0.35	1.5	-1.28	-0.02	0.97
Change in Inventory	-3.64	-0.91	3.79	-0.82	-2.96
Change in Accounts Payable	4.72	-3.58	-4.28	-0.77	-0.53
Change in Other Net Operating Assets	3.55	3.87	4.48	-0.31	-0.48
Other Operating Activities	-0.29	1.29	-0.47	-0.56	0.04
Operating Cash Flow	15.29	16.14	10.89	5.51	8.85
Operating Cash Flow Growth	-5.29%	48.24%	97.74%	-37.77%	13.30%
Capital Expenditures	-6.24	-6.03	-12.04	-16.17	-25.9
Cash Acquisitions	-	-	-	-	-3.74
Divestitures	-	-	4.53	-	-
Sale (Purchase) of Intangibles	-0.33	-3.81	-4.85	-3.62	-1.74
Investment in Securities	0.5	-0.27	-	-0	-0.03
Other Investing Activities	-	-	-0	-	-
Investing Cash Flow	-6.07	-10.12	-12.35	-19.79	-31.39
Short-Term Debt Issued	-	-	2.49	-	2.19
Long-Term Debt Issued	21.05	13.45	6.25	23.71	38.61
Total Debt Issued	21.05	13.45	8.74	23.71	40.79
Short-Term Debt Repaid	-1.65	-0.86	-	-1.06	-0.18
Long-Term Debt Repaid	-24.4	-21.13	-12.64	-11.12	-9.08
Total Debt Repaid	-26.05	-21.99	-12.64	-12.18	-9.25
Net Debt Issued (Repaid)	-5	-8.54	-3.9	11.53	31.54
Common Dividends Paid	-1.51	-3.28	-1.07	-4.58	-4.1
Other Financing Activities	-	-	-	0	-
Financing Cash Flow	-6.52	-11.83	-4.97	6.95	27.44
Miscellaneous Cash Flow Adjustments	-	-	-0.91	-	-
Net Cash Flow	2.7	-5.8	-7.33	-7.33	4.9
Free Cash Flow	9.05	10.11	-1.15	-10.66	-17.05
Free Cash Flow Growth	-10.51%	-	-	-	-
Free Cash Flow Margin	33.25%	34.86%	-4.50%	-55.35%	-64.70%
Free Cash Flow Per Share	1.69	1.94	-0.22	-2.05	-3.28
Cash Income Tax Paid	0.85	0.95	0.96	0.85	2.22
Levered Free Cash Flow	-1.96	6.21	3	-11.57	-19.26
Unlevered Free Cash Flow	-0.04	8.73	5.68	-9.33	-18.05
Change in Working Capital	4.98	0.89	2.72	-1.92	-3

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