Banca IFIS 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	328.91	163.17	161.92	141.89	102.3
Depreciation & Amortization	36.81	23.28	17.71	16.92	18.73
Provision for Credit Losses	-19.21	-93.4	-79.26	-54.3	-45.34
Other Adjustments	-459.22	69.87	79.71	54.34	155.4
Changes in Trading Assets	19.62	13.53	-17.64	-34.71	17.04
Changes in Trading Liabilities	-22.25	-5.84	-11.98	-0.92	-12.56
Changes in Accounts Payable	241.13	-226.33	541.5	336.01	312.26
Changes in Other Operating Activities	-37.34	-135.8	-246.55	-59.28	-474.42
Operating Cash Flow	88.45	-191.52	445.41	399.95	73.42
Operating Cash Flow Growth	-	-	11.37%	444.73%	-4.32%
Payments for Business Acquisitions	197.18	-	-63.07	-	94.17
Proceeds from Business Divestments	-	-	-	0.01	-
Capital Expenditures	-47.17	-32.2	-24.3	-7.5	-11.55
Purchases of Intangible Assets	-21.53	-18.46	-20.39	-10.08	-9.08
Sale of Property, Plant & Equipment	-	-	1.9	0.05	-
Investing Cash Flow	128.48	-50.66	-105.85	-17.51	73.54
Issuance of Common Stock	4.89	-	-	-19.3	-
Net Common Stock Issued (Repurchased)	4.89	-	-	-19.3	-
Common Dividends Paid	-123.18	-110.34	-85.16	-102.47	-83.05
Other Financing Activities	183.64	-	-	-12.92	-0.13
Financing Cash Flow	65.35	-110.34	-85.16	-134.69	-83.18
Net Cash Flow	282.27	-352.52	254.4	247.75	63.78
Free Cash Flow	41.28	-223.72	421.11	392.46	61.87
Free Cash Flow Growth	-	-	7.30%	534.31%	58.28%
FCF Margin	6.23%	-39.36%	64.84%	65.30%	11.78%
Free Cash Flow Per Share	0.72	-4.19	8.03	7.45	1.16