Grenergy Renovables 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	87.15	59.82	51.07	10.3	16.31
Depreciation & Amortization	29.78	24.18	17.92	14.15	7.1
Other Amortization	0.12	0.07	0.02	0.03	0.02
Loss (Gain) on Sale of Assets	-	-3.21	-	-	-0.01
Asset Writedown	20.19	17.17	3.45	-	1.93
Change in Accounts Receivable	-33.47	29.79	-35.53	-0.36	-36.94
Change in Inventory	4.52	26.29	-25.82	10.74	-24.74
Change in Accounts Payable	-46.87	173.72	84.31	7.01	38.36
Change in Other Net Operating Assets	0.95	-7.42	-53.42	2.77	0.53
Other Operating Activities	-24.53	30.31	-8.77	-6.24	11.18
Operating Cash Flow	37.84	350.72	33.23	38.4	13.73
Operating Cash Flow Growth	-89.21%	955.55%	-13.47%	179.60%	-
Capital Expenditures	-650.18	-648.75	-366.32	-189.78	-198.14
Sale of Property, Plant & Equipment	201.08	339.86	95.84	-	0.02
Sale (Purchase) of Intangibles	-0.26	-0.04	-0.02	-0.2	-0.02
Investment in Securities	-0.71	7.64	1.78	-9.26	-2.49
Investing Cash Flow	-450.07	-301.29	-268.71	-199.24	-200.63
Long-Term Debt Issued	859.26	500.37	526.36	317.9	179.69
Long-Term Debt Repaid	-457.43	-260.89	-246.48	-207.01	-45.99
Net Debt Issued (Repaid)	401.83	239.47	279.88	110.89	133.7
Issuance of Common Stock	37.25	13.34	15.97	119.09	161.26
Repurchase of Common Stock	-61.69	-33.74	-41.58	-30.24	-59.63
Financing Cash Flow	377.39	219.07	254.28	199.74	235.32
Foreign Exchange Rate Adjustments	-33.78	-15.95	-3.02	-1.9	-0.32
Miscellaneous Cash Flow Adjustments	-	-	0	-	-
Net Cash Flow	-68.63	252.55	15.78	37	48.1
Free Cash Flow	-612.35	-298.03	-333.09	-151.38	-184.4
Free Cash Flow Margin	-57.98%	-46.59%	-83.22%	-51.67%	-83.76%
Free Cash Flow Per Share	-21.83	-10.50	-11.21	-5.04	-6.73
Cash Interest Paid	45.99	45.14	34.8	19.63	1.19
Cash Income Tax Paid	39.79	-8.87	11.28	8.42	4.25
Levered Free Cash Flow	-714.22	-400.68	-470.21	-145.23	-172.65
Unlevered Free Cash Flow	-681.68	-380.01	-448.38	-132.96	-166.82
Change in Working Capital	-74.87	222.38	-30.46	20.16	-22.79

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