Intesa Sanpaolo 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Net Income	9,341	8,659
Depreciation & Amortization	1,790	1,758
Provision for Credit Losses	2,338	1,568
Other Adjustments	-5,816	-5,477
Changes in Trading Assets	-5,599	2,184
Changes in Trading Liabilities	-3,911	-4,710
Changes in Accounts Payable	23,744	-43,832
Changes in Other Operating Activities	-13,652	-337
Operating Cash Flow	8,235	-40,187
Payments for Business Acquisitions	-87	118
Proceeds from Business Divestments	360	168
Capital Expenditures	-276	-286
Purchases of Intangible Assets	-1,374	-1,383
Sale of Property, Plant & Equipment	93	79
Proceeds from Sale of Intangible Assets	-	4
Other Investing Activities	58	53
Investing Cash Flow	-1,226	-1,247
Issuance of Common Stock	-3,464	-1,381
Net Common Stock Issued (Repurchased)	-3,464	-1,381
Common Dividends Paid	-6,324	-5,830
Other Financing Activities	-	23
Financing Cash Flow	-9,788	-7,188
Effect of Exchange Rate Changes on Cash and Cash Equivalents	114	-115
Net Cash Flow	-2,779	-48,622
Free Cash Flow	7,959	-40,473
FCF Margin	29.04%	-149.72%
Free Cash Flow Per Share	0.45	-2.25
Levered Free Cash Flow	11,417	-36,557
Unlevered Free Cash Flow	2,096	-45,223

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.