EBRO EV Motors 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-13.88	-39.21	-13.59
Depreciation & Amortization	9.17	4.46	2.19
Other Adjustments	2.9	-3.38	-0.62
Change in Receivables	-24.59	4.26	-20.1
Changes in Inventories	-116.83	-43.67	-0.6
Changes in Accounts Payable	184.06	29.6	6.26
Changes in Accrued Expenses	0.22	0.68	0.09
Changes in Income Taxes Payable	-0.35	-0.12	0
Changes in Other Operating Activities	-1.09	-0.03	5.3
Operating Cash Flow	39.6	-47.4	-21.08
Capital Expenditures	-71.82	-5.73	-78.15
Sale of Property, Plant & Equipment	0.02	0.02	0
Purchases of Intangible Assets	-20.69	-9.25	-16.93
Purchases of Investments	-2.31	-0.76	-3.72
Proceeds from Sale of Investments	1.9	0	0
Investing Cash Flow	-92.89	-15.72	-98.8
Long-Term Debt Issued	57	55.45	101.82
Long-Term Debt Repaid	-5.71	-11.47	0
Net Long-Term Debt Issued (Repaid)	51.28	43.98	101.82
Issuance of Common Stock	1.07	64.28	33.65
Repurchase of Common Stock	-1.4	-21.06	0
Net Common Stock Issued (Repurchased)	-0.34	43.21	33.65
Other Financing Activities	29.9	18.39	35.65
Financing Cash Flow	80.84	105.59	137.47
Net Cash Flow	27.56	42.47	22.95
Free Cash Flow	-32.22	-53.13	-99.23
FCF Margin	-9.03%	-151.82%	-523.90%
Free Cash Flow Per Share	-0.67	-1.10	-2.58
Levered Free Cash Flow	38.3	5.32	26.71
Unlevered Free Cash Flow	-4.32	-44.34	-74.27