Iberpapel Gestión Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	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	2015 - 2019
Net Income	23.16	47.13	15.84	9.29	4.24	Upgrade
Depreciation & Amortization	13.06	12.69	12.36	13.24	10.73	Upgrade
Other Amortization	0.17	0.13	0.11	0.05	0.08	Upgrade
Loss (Gain) From Sale of Assets	-1.29	-24.4	-5.89	-	-	Upgrade
Asset Writedown & Restructuring Costs	-0.18	0.09	0.35	-2.1	3	Upgrade
Other Operating Activities	7.68	7.06	5.33	9.29	-2.11	Upgrade
Change in Accounts Receivable	-0.12	8.74	-0.85	-15.27	7.97	Upgrade
Change in Inventory	-4.3	5.23	-16.91	11.06	-4.18	Upgrade
Change in Accounts Payable	3.79	-23.52	5.63	16.74	-0.84	Upgrade
Change in Other Net Operating Assets	-0.54	-0.14	0.16	4.58	-6.8	Upgrade
Operating Cash Flow	41.44	33.01	16.13	46.88	12.09	Upgrade
Operating Cash Flow Growth	25.54%	104.57%	-65.58%	287.89%	-52.73%	Upgrade
Capital Expenditures	-6.93	-	-12.03	-10.03	-50.51	Upgrade
Sale of Property, Plant & Equipment	-	39.95	0.64	-	-	Upgrade
Sale (Purchase) of Intangibles	-0.32	-5.4	-9.36	-11.77	-2.9	Upgrade
Investment in Securities	-7.58	-1.79	-2.96	-	-	Upgrade
Investing Cash Flow	-14.83	32.76	-23.71	-21.8	-53.41	Upgrade
Long-Term Debt Issued	-	-	-	-	34.18	Upgrade
Long-Term Debt Repaid	-7.61	-13.49	-16.33	-42	-9.04	Upgrade
Net Debt Issued (Repaid)	-7.61	-13.49	-16.33	-42	25.14	Upgrade
Issuance of Common Stock	0.04	-	-	-	-	Upgrade
Repurchase of Common Stock	-	-0.57	-2.13	-0.51	-0.18	Upgrade
Common Dividends Paid	-5.45	-9.62	-2.72	-3.81	-3.82	Upgrade
Financing Cash Flow	-18.36	-23.69	-21.18	-46.32	21.14	Upgrade
Foreign Exchange Rate Adjustments	0.18	-0.34	0.53	0.16	-0.5	Upgrade
Net Cash Flow	8.42	41.74	-28.22	-21.09	-20.68	Upgrade
Free Cash Flow	34.5	33.01	4.11	36.85	-38.43	Upgrade
Free Cash Flow Growth	4.54%	703.46%	-88.85%	-	-	Upgrade
Free Cash Flow Margin	14.45%	13.13%	1.39%	15.52%	-24.75%	Upgrade
Free Cash Flow Per Share	3.17	3.04	0.37	3.33	-3.45	Upgrade
Cash Income Tax Paid	5.66	0.85	1.46	0.5	5.66	Upgrade
Levered Free Cash Flow	7.8	24.25	-26.95	6.86	-34.86	Upgrade
Unlevered Free Cash Flow	7.95	24.42	-26.72	7.23	-34.29	Upgrade
Change in Working Capital	-1.16	-9.7	-11.96	17.11	-3.85	Upgrade

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