Reply S.p.A. (BIT:REY)

Reply Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	252.59	213.77	188.46	192.18	152.41
Depreciation & Amortization	89.36	84.93	75.21	58.61	48.39
Other Adjustments	1.24	71.59	50.67	-21.19	29.75
Change in Receivables	-27.37	20.06	-76.2	-47.69	-37.92
Changes in Inventories	-6.77	-14.1	33.77	-8.28	-26.69
Changes in Accounts Payable	-3.41	-15.71	22.17	1.65	25.77
Changes in Other Operating Activities	20.37	-7.31	-44.28	9.28	15.88
Operating Cash Flow	326.01	353.23	249.79	184.57	207.58
Operating Cash Flow Growth	-7.71%	41.41%	35.34%	-11.08%	-9.37%
Capital Expenditures	-45.88	-56.8	-29.27	-41.77	-37.12
Purchases of Investments	-21.63	-13.18	-0.49	-2.56	-29.81
Payments for Business Acquisitions	-68.79	-89.01	-10.94	-190.02	-93.16
Investing Cash Flow	-136.3	-159	-40.69	-234.35	-160.09
Long-Term Debt Issued	-	13.1	6.5	80.4	3.9
Long-Term Debt Repaid	-59.03	-29.79	-23.35	-11.17	-10.42
Net Long-Term Debt Issued (Repaid)	-59.03	-16.69	-16.85	69.23	-6.52
Issuance of Common Stock	-	-	-	-9.9	-
Repurchase of Common Stock	-	-	-	-	-7.2
Net Common Stock Issued (Repurchased)	-	-	-	-9.9	-7.2
Common Dividends Paid	-44.96	-39.25	-38.4	-30.64	-21.62
Other Financing Activities	-0.55	-35.79	-33.5	-30.34	-29.97
Financing Cash Flow	-104.54	-91.74	-88.75	-1.65	-65.31
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-5.19	5.61	-	-	-
Net Cash Flow	85.17	102.5	120.36	-51.43	-17.82
Free Cash Flow	280.13	296.43	220.53	142.8	170.46
Free Cash Flow Growth	-5.50%	34.42%	54.43%	-16.22%	-19.85%
FCF Margin	11.43%	12.91%	10.41%	7.55%	11.49%
Free Cash Flow Per Share	7.51	7.93	5.92	3.83	4.56
Levered Free Cash Flow	245.53	185.46	227.45	279.74	170.38
Unlevered Free Cash Flow	321.28	216.51	260.74	223.68	175.77

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