Construcciones y Auxiliar de Ferrocarriles, S.A. (BME:CAF)

BME:CAF Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	172.21	146.26	103.26	89.16	52.19	85.92
Depreciation & Amortization	80.99	80.54	80.06	79.4	71.3	64.14
Other Amortization	27.4	27.4	30.37	25.05	24.09	23
Loss (Gain) From Sale of Assets	-	-	-	-2.44	-7.34	-2.24
Asset Writedown & Restructuring Costs	-	-	-	2.76	0.85	0.23
Loss (Gain) on Equity Investments	-	-	-	-5.91	-5.56	-2.95
Other Operating Activities	35.91	24.01	33.98	34.28	21.94	38.64
Change in Other Net Operating Assets	-136.65	-94.29	-62.83	-116.16	-46.5	-53.19
Operating Cash Flow	179.86	183.92	184.83	106.13	110.97	153.55
Operating Cash Flow Growth	-18.43%	-0.49%	74.15%	-4.36%	-27.73%	-13.32%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-124.28	-113.63	-86.06	-78.94	-77.55	-44.59
Sale of Property, Plant & Equipment	-0.66	8.98	1.72	0.31	4.67	1.62
Cash Acquisitions	-2.48	-	-	-	33.76	-9.53
Divestitures	2.39	2.34	-	0.16	0.44	0.28
Investment in Securities	91.01	79.01	149.5	109.34	54.67	-13.65
Other Investing Activities	12.66	16.39	32.56	9.77	11.61	4.65
Investing Cash Flow	-21.37	-6.91	97.71	40.64	27.6	-61.23

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	444.45	797.31	450.89	647.17	396.5
Long-Term Debt Repaid	-	-493.15	-833.76	-544.43	-778.27	-454.7
Net Debt Issued (Repaid)	8.85	-48.71	-36.45	-93.54	-131.09	-58.2
Repurchase of Common Stock	-0.13	-	-	-	-1.38	-
Common Dividends Paid	-45.94	-45.94	-38.05	-29.48	-36.23	-29.09
Other Financing Activities	-40.04	-51.31	-55.82	-54.68	-52.04	-39.82
Financing Cash Flow	-77.26	-145.95	-130.32	-177.69	-220.75	-127.1

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	6.44	-6.29	-21.47	0.37	4.15	12.22
Net Cash Flow	87.67	24.77	130.75	-30.55	-78.03	-22.56

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	55.58	70.29	98.77	27.19	33.42	108.96
Free Cash Flow Growth	-58.60%	-28.83%	263.27%	-18.66%	-69.32%	-14.78%
Free Cash Flow Margin	1.15%	1.56%	2.34%	0.71%	1.05%	3.70%
Free Cash Flow Per Share	1.62	2.05	2.88	0.79	0.98	3.18
Levered Free Cash Flow	68.26	69.73	72.03	-0.07	191	67.41
Unlevered Free Cash Flow	89.63	89.65	98.49	27.3	230.09	94.24

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	38.05	38.05	52.54	51.67	46.67	39.82
Cash Income Tax Paid	74.98	74.98	59.74	49.03	54.61	36.73
Change in Working Capital	-136.65	-94.29	-62.83	-116.16	-46.5	-53.19

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 5, 2026

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