Technical Publications Service S.p.A. (BIT:TPS)

BIT:TPS 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	4.27	4.25	3.35	3.58	3.45
Depreciation & Amortization	1.6	1.53	1.56	1.4	2.17
Other Amortization	0.97	0.8	0.37	0.31	-
Other Operating Activities	0.35	0.22	0.24	0.13	0.15
Change in Accounts Receivable	-0.95	2.93	-3.74	0	2.57
Change in Accounts Payable	-0.42	-1.11	0.61	-0.56	0.69
Change in Other Net Operating Assets	0.48	0.83	0.27	0.75	1.46
Operating Cash Flow	6.3	9.46	2.66	5.62	10.49
Operating Cash Flow Growth	-33.39%	255.21%	-52.65%	-46.38%	226.23%
Capital Expenditures	-1.68	-0.6	-1.29	-2.1	-0.58
Sale (Purchase) of Intangibles	-1.87	-1.79	-1.53	-1.05	-0.64
Investment in Securities	-0.06	0.1	-2.66	-0.06	-0.72
Investing Cash Flow	-3.6	-2.29	-5.48	-3.21	-1.95
Long-Term Debt Issued	0.08	-	-	-	-
Long-Term Debt Repaid	-0.31	-1.13	-1.95	-0.4	-0.6
Net Debt Issued (Repaid)	-0.22	-1.13	-1.95	-0.4	-0.6
Repurchase of Common Stock	-	-0.58	-0.42	-	-
Common Dividends Paid	-0.75	-0.76	-0.6	-0.59	-0.06
Other Financing Activities	-	-	-	-	0.11
Financing Cash Flow	-0.97	-2.48	-2.96	-0.99	-0.55
Net Cash Flow	1.72	4.69	-5.78	1.42	7.99
Free Cash Flow	4.62	8.86	1.37	3.52	9.9
Free Cash Flow Growth	-47.81%	547.38%	-61.15%	-64.45%	336.90%
Free Cash Flow Margin	8.94%	16.92%	2.84%	9.30%	26.43%
Free Cash Flow Per Share	0.65	1.25	0.19	0.48	1.36
Cash Income Tax Paid	1.67	1.73	1.65	1.53	-
Levered Free Cash Flow	1.01	6.03	-4.22	0.89	9.21
Unlevered Free Cash Flow	1.19	6.21	-4.07	0.89	9.34
Change in Working Capital	-0.89	2.66	-2.85	0.19	4.72

Source: S&P Global Market Intelligence. Standard template. Financial Sources.