SOL S.p.A. Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	148.16	140.44	138.76	129.81	85.34	97.86
Depreciation & Amortization	162.78	156.48	144.77	128.95	119.3	110.99
Other Adjustments	79.88	73.78	70.85	57.03	25.58	47.73
Change in Receivables	-81.82	-43.26	-15.19	-80.52	-20.11	-17.8
Changes in Inventories	-0.23	-8.39	-13.98	-13.76	-1.83	-13.83
Changes in Accounts Payable	5.29	23.07	-13.92	20.37	17.85	13.73
Changes in Income Taxes Payable	-70.49	-59.46	-52.61	-24.2	-31.98	-27.38
Changes in Other Operating Activities	-11.49	0.32	-2.57	-15.04	-10.01	-11.54
Operating Cash Flow	248.37	297.49	270.06	210.4	192.56	210.13
Operating Cash Flow Growth	-16.27%	10.16%	28.35%	9.26%	-8.36%	12.74%
Capital Expenditures	-222.02	-202.33	-164.38	-121.33	-123.3	-106.29
Purchases of Intangible Assets	-9.81	-17.9	-25.37	-9.83	-9.15	-11.69
Purchases of Investments	-0.39	4.51	4.77	-11.18	-3.63	2.15
Payments for Business Acquisitions	-11.19	-20.82	-46.51	-75.43	-78.14	8.08
Other Investing Activities	-23.51	-29.83	-15.2	-30.02	-15.31	-20.03
Investing Cash Flow	-266.93	-266.37	-246.7	-247.78	-229.52	-127.77
Long-Term Debt Issued	159.38	96.69	157.78	107.76	0.28	100.2
Long-Term Debt Repaid	-54.04	-57.35	-68.18	-61.6	-59.65	-49.26
Net Long-Term Debt Issued (Repaid)	105.35	39.34	89.6	46.16	-59.37	50.94
Common Dividends Paid	-37.63	-37.78	-33.55	-24.26	-23.86	-22.35
Other Financing Activities	-5.15	-9.45	-3.63	8.44	-10.3	-4.97
Financing Cash Flow	62.57	-7.88	52.42	30.35	-93.53	23.63
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-14.64	1.71	-1.13	-3.18	1.52	-7
Net Cash Flow	29.36	24.96	74.65	-10.22	-128.97	98.98
Free Cash Flow	26.35	95.16	105.68	89.07	69.27	103.84
Free Cash Flow Growth	-72.31%	-9.95%	18.64%	28.60%	-33.29%	17.09%
FCF Margin	1.51%	5.79%	6.91%	6.09%	6.16%	10.56%
Levered Free Cash Flow	125.49	96.72	132.65	154.85	0.22	119.67
Unlevered Free Cash Flow	45.4	80.03	61.99	122.2	71.13	82.07

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.