Lottomatica Group 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	174.3	98.6	67.94	72.12	-57.56
Depreciation & Amortization	261.27	209.57	154.75	115.58	105.83
Other Amortization	-	62.46	56.48	43.53	40.27
Asset Writedown & Restructuring Costs	-	0.24	0.55	0.49	-
Loss (Gain) on Equity Investments	0.11	-1.66	8.97	0.92	0.47
Provision & Write-off of Bad Debts	-	0.24	7.98	2.59	6.56
Other Operating Activities	234.86	191.19	135.1	156.71	85.11
Change in Accounts Receivable	3.35	21.67	-10.45	35.59	-71.51
Change in Inventory	-0.15	0.35	2.74	-2.34	0.01
Change in Accounts Payable	-5.97	7.15	-4.75	-0.37	16.77
Change in Other Net Operating Assets	-32.74	-65.48	-11.78	-12.82	4.44
Operating Cash Flow	635.02	524.34	407.53	412.01	130.38
Operating Cash Flow Growth	21.11%	28.66%	-1.09%	216.01%	3.76%
Capital Expenditures	-62.94	-63.7	-40.34	-43.44	-24.88
Cash Acquisitions	-52.95	-665.98	-21.53	-443.84	-744.89
Sale (Purchase) of Intangibles	-166	-117.71	-82.89	-47.62	-24.91
Investment in Securities	-13.92	1.76	1.39	1.61	-
Other Investing Activities	-	504.28	-497.5	-	-
Investing Cash Flow	-295.8	-341.35	-640.88	-533.29	-794.68
Long-Term Debt Issued	1,100	900	1,607	350	825
Total Debt Issued	1,100	900	1,607	350	825
Short-Term Debt Repaid	-	-	-	-1.14	-0.68
Long-Term Debt Repaid	-1,096	-927.55	-1,534	-16.99	-12.12
Total Debt Repaid	-1,096	-927.55	-1,534	-18.14	-12.8
Net Debt Issued (Repaid)	4.18	-27.55	73.41	331.86	812.2
Issuance of Common Stock	-	-	425	-	175
Repurchase of Common Stock	-127.26	-	-	-	-
Common Dividends Paid	-78.17	-67.11	-	-16.25	-249.7
Other Financing Activities	-158.23	-218.86	-205.21	-84.51	-94
Financing Cash Flow	-359.47	-313.52	293.19	231.11	643.5
Net Cash Flow	-20.26	-130.53	59.84	109.83	-20.81
Free Cash Flow	572.08	460.64	367.19	368.57	105.5
Free Cash Flow Growth	24.19%	25.45%	-0.38%	249.35%	-6.42%
Free Cash Flow Margin	25.46%	22.98%	22.49%	26.42%	13.05%
Free Cash Flow Per Share	2.27	1.83	1.57	1.84	0.53
Cash Income Tax Paid	93.68	79.44	114.07	30.68	14.24
Levered Free Cash Flow	315.49	735.95	-337.29	217.74	99.28
Unlevered Free Cash Flow	436.38	842.64	-216.71	290.93	147.96
Change in Working Capital	-35.51	-36.31	-24.23	20.07	-50.29

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.