Toscana Aeroporti 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	18.13	17.1	12.63	4.68	-5.26	-12.47
Depreciation & Amortization	9.79	9.76	9.89	10.49	10.39	10.44
Loss (Gain) From Sale of Assets	-	-	-	-4	-	-
Asset Writedown & Restructuring Costs	0.14	-	0.86	0.11	0.32	-
Loss (Gain) on Equity Investments	0.15	-0.01	-0.01	0.24	-0.08	-0.1
Other Operating Activities	1.7	0.76	5.56	4.38	-11.55	-10.52
Change in Accounts Receivable	4.1	4.87	-4.26	-5.57	-2.94	4.38
Change in Accounts Payable	-3.36	-8.92	2.3	11.09	6.54	-7.67
Change in Other Net Operating Assets	0.87	1.5	-0.58	10.94	1.64	-15.95
Operating Cash Flow	31.52	25.05	26.38	30.43	-0.94	-31.89
Operating Cash Flow Growth	19.03%	-5.08%	-13.31%	-	-	-
Capital Expenditures	-3.45	-1.6	-0.85	-1.38	-3.25	-2.78
Sale of Property, Plant & Equipment	0.06	0	0.01	0.14	0.35	0.01
Cash Acquisitions	-	-	-	-1	-0.99	-
Divestitures	0.25	-	-	0.61	-	-
Sale (Purchase) of Intangibles	-20.94	-11.94	-12.99	-7.72	-11.83	-9.17
Investment in Securities	-0.18	2.93	-0.1	-1.08	-0.01	-
Other Investing Activities	-0	3.85	0.01	0.01	0.06	0.06
Investing Cash Flow	-24.27	-6.76	-13.92	-10.42	-15.67	-11.89
Long-Term Debt Issued	-	127.67	53.5	59.5	57.2	105.54
Long-Term Debt Repaid	-	-142.56	-88.3	-70.89	-62.79	-5.28
Net Debt Issued (Repaid)	5.96	-14.89	-34.8	-11.39	-5.59	100.26
Common Dividends Paid	-7.3	-7.3	-7.3	-7	-	-
Other Financing Activities	2.21	0.3	-	0	-	0
Financing Cash Flow	0.87	-21.89	-42.1	-18.39	-5.59	100.26
Miscellaneous Cash Flow Adjustments	0	-	-	-	-0	-0
Net Cash Flow	8.12	-3.6	-29.63	1.63	-22.2	56.48
Free Cash Flow	28.06	23.45	25.53	29.05	-4.19	-34.67
Free Cash Flow Growth	11.73%	-8.16%	-12.11%	-	-	-
Free Cash Flow Margin	20.14%	18.67%	21.08%	32.88%	-8.93%	-69.70%
Free Cash Flow Per Share	1.51	1.26	1.37	1.56	-0.23	-1.86
Cash Interest Paid	6.61	6.44	6.03	2.3	1.63	0.82
Cash Income Tax Paid	4.92	6.63	1.76	0.05	-	2.85
Levered Free Cash Flow	7.73	11.27	9.8	18.21	-17.54	-39.31
Unlevered Free Cash Flow	12.33	14.91	13.53	20.1	-16.25	-38.89
Change in Working Capital	1.61	-2.56	-2.55	14.54	5.23	-19.24

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.