Ferretti Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	90.01	87.92	83.05	60.27	37.55
Depreciation & Amortization	71.76	66.45	62.91	53.09	48.52
Loss (Gain) From Sale of Assets	0.14	-6.36	-0.08	-0.1	0.39
Asset Writedown & Restructuring Costs	-	-	0.26	-	-
Loss (Gain) on Equity Investments	-	-	-	0.04	0.02
Provision & Write-off of Bad Debts	-	-	-	0.56	0.75
Other Operating Activities	26.89	12.02	38.75	11.63	3.78
Change in Accounts Receivable	-48.95	-94.64	-46.92	32.61	159.95
Change in Inventory	-4.44	-104.06	-146.91	-64.17	23.62
Change in Accounts Payable	32.25	30.58	96.93	52.37	-0.85
Change in Other Net Operating Assets	1.17	9.5	5.67	-0.61	-2.09
Operating Cash Flow	168.83	1.41	93.66	145.7	271.63
Operating Cash Flow Growth	11916.23%	-98.50%	-35.71%	-46.36%	373.70%
Capital Expenditures	-96.56	-123.14	-152.95	-81.45	-76.31
Sale of Property, Plant & Equipment	0.27	5.16	1.43	1.33	2.67
Cash Acquisitions	-	-	-	-9.15	-0.72
Divestitures	0.25	-	-	-	-
Investment in Securities	-3.34	0.2	87.18	-75.28	-
Other Investing Activities	1.47	6.01	8.65	1.92	0.22
Investing Cash Flow	-97.91	-111.77	-55.68	-162.63	-74.14
Long-Term Debt Issued	0.9	1.33	1	2.72	57.67
Long-Term Debt Repaid	-14.84	-16.29	-16.28	-70.14	-106.25
Net Debt Issued (Repaid)	-13.94	-14.97	-15.28	-67.42	-48.58
Issuance of Common Stock	-	-	-	234.75	-
Common Dividends Paid	-33.85	-32.83	-19.9	-6.71	-3.51
Other Financing Activities	-12	-2.93	-4.02	-2.58	-5.96
Financing Cash Flow	-59.79	-50.74	-39.2	158.04	-58.05
Foreign Exchange Rate Adjustments	-6.95	2.73	-2.44	3.64	0.75
Miscellaneous Cash Flow Adjustments	0	-	-	-0	-
Net Cash Flow	4.18	-158.37	-3.65	144.75	140.18
Free Cash Flow	72.27	-121.73	-59.28	64.24	195.31
Free Cash Flow Growth	-	-	-	-67.11%	-
Free Cash Flow Margin	5.20%	-9.11%	-4.82%	5.82%	20.44%
Free Cash Flow Per Share	0.21	-0.36	-0.17	0.20	0.78
Cash Interest Paid	3.42	2.93	4.02	2.58	5.96
Cash Income Tax Paid	13.67	16.41	6.04	4.55	-
Levered Free Cash Flow	9.26	-143.88	-88.77	48.42	200.25
Unlevered Free Cash Flow	11.4	-142.62	-87.6	50.41	203.22
Change in Working Capital	-19.98	-158.63	-91.22	20.2	180.63

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.