Técnicas Reunidas 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
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
Net Income	89.94	60.95	-37.13	-190.44	11.05
Depreciation & Amortization	32.68	25.76	25.52	26.7	42.39
Other Amortization	0.23	0.18	0.34	0.46	0.82
Loss (Gain) From Sale of Assets	-	-	-5.72	-12.56	-10.32
Asset Writedown & Restructuring Costs	-	-	-	0.26	-
Loss (Gain) on Equity Investments	0.13	0.42	0.11	1.07	0.68
Other Operating Activities	-25.85	35.09	33.46	9.18	-89.12
Change in Accounts Receivable	-84.59	360.12	-595.84	-217.43	259.95
Change in Inventory	-	1.2	-0.9	0.31	-3.62
Change in Accounts Payable	73.49	-420.27	738.36	107.8	-356.19
Change in Other Net Operating Assets	-2.97	19.73	-74.2	7.49	27.77
Operating Cash Flow	83.07	83.18	83.99	-267.17	-116.59
Operating Cash Flow Growth	-0.14%	-0.96%	-	-	-
Capital Expenditures	-6.78	-13.97	-2.65	-2.38	-3.93
Divestitures	-	-	1.54	15.11	27.66
Sale (Purchase) of Intangibles	-0.47	-0.04	-0.11	-0.6	-0.11
Investment in Securities	-	-	-	-	-0
Other Investing Activities	0.24	0.27	0.03	1.89	7.03
Investing Cash Flow	-7.01	-13.74	-1.19	14.03	30.64
Long-Term Debt Issued	420.22	277.18	461.96	717.51	718.3
Long-Term Debt Repaid	-511.82	-422.72	-252.32	-728.48	-589.07
Net Debt Issued (Repaid)	-91.59	-145.55	209.64	-10.96	129.23
Issuance of Common Stock	0.29	150.09	0.36	-	0.72
Repurchase of Common Stock	-	-0.01	-	-0.55	-
Other Financing Activities	-	-	-	-	-0.09
Financing Cash Flow	-91.3	4.53	210	-11.52	129.85
Net Cash Flow	-15.25	73.98	292.8	-264.66	43.91
Free Cash Flow	76.29	69.21	81.34	-269.55	-120.52
Free Cash Flow Growth	10.22%	-14.91%	-	-	-
Free Cash Flow Margin	1.71%	1.67%	1.92%	-9.61%	-3.42%
Free Cash Flow Per Share	0.98	0.99	1.52	-5.02	-2.24
Cash Interest Paid	53.19	43.19	28.27	19.95	15.59
Cash Income Tax Paid	93.16	47.33	16.09	57.6	79.94
Levered Free Cash Flow	99.76	-18.77	76.61	-214.62	-89.46
Unlevered Free Cash Flow	124.71	5.7	92.38	-204.31	-79.75
Change in Working Capital	-14.07	-39.21	67.41	-101.84	-72.09

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