The Italian Sea Group 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	Sep '25 Sep 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	29.68	56.79	43.43	29.62	18.15	7.81
Depreciation & Amortization	7.44	10.31	11.37	9.89	4.2	3.94
Other Adjustments	5.31	-12.51	3.43	2.73	3.06	3.36
Change in Receivables	-17.89	-30.76	-11.33	-11.53	4.08	-2.93
Changes in Inventories	-108.17	-42	-18.7	-7.73	-9.78	8.01
Changes in Accounts Payable	10.3	23.72	18.83	22.1	21.65	11.16
Changes in Income Taxes Payable	-16.48	-24.48	-6.75	-5.37	-1.83	-0.64
Changes in Other Operating Activities	51.84	8.11	-13.88	25.17	-2.78	-2.98
Operating Cash Flow	-36.92	-10.83	26.4	64.88	36.75	27.74
Operating Cash Flow Growth	-	-	-59.31%	76.51%	32.50%	210.37%
Capital Expenditures	-1.2	-3.14	-1.1	-19.35	-23.42	-11.83
Sale of Property, Plant & Equipment	-	21	0	0	0.04	0.01
Purchases of Intangible Assets	0.02	-0.13	-0.44	-0.48	-0.35	-0.38
Purchases of Investments	-	-	-	-0.29	0	0
Payments for Business Acquisitions	-	-	-0.19	-80	0	-
Other Investing Activities	-1.02	2.91	1.54	-3.65	-2.53	-1.49
Investing Cash Flow	-1.58	20.65	-0.2	-103.78	-26.27	-13.69
Short-Term Debt Issued	-	-	-	-	-0.43	-2.53
Net Short-Term Debt Issued (Repaid)	-	-	-	-	-0.43	-2.53
Long-Term Debt Issued	131	6	-	72.5	27	7
Long-Term Debt Repaid	-69.89	-13.15	-16.86	-4.37	-2.34	-6.33
Net Long-Term Debt Issued (Repaid)	61.11	-7.15	-16.86	68.13	24.66	0.67
Issuance of Common Stock	-	-	-	-	46.6	0
Net Common Stock Issued (Repurchased)	-	-	-	-	46.6	0
Common Dividends Paid	-12.99	-19.61	-14.42	-9.72	-6.24	0
Other Financing Activities	-	-	-	-23.98	-7.42	0
Financing Cash Flow	48.13	-26.76	-31.27	34.43	57.18	-1.86
Net Cash Flow	9.01	-16.94	-5.08	-4.48	67.67	12.19
Free Cash Flow	-38.12	-13.96	25.29	45.52	13.33	15.91
Free Cash Flow Growth	-	-	-44.44%	241.50%	-16.21%	211.37%
FCF Margin	-10.14%	-3.28%	6.90%	15.42%	7.14%	13.57%
Free Cash Flow Per Share	-0.71	-0.26	0.48	0.86	0.25	0.73
Levered Free Cash Flow	17.66	-2.32	9.58	116.88	28.59	12.05
Unlevered Free Cash Flow	-38.92	9.42	31.3	51.88	7.14	15.47

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