Voltalia 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	-128	-20.94	29.63	-7.17	-1.32
Depreciation & Amortization	139	124.03	102.41	70.67	61.19
Asset Writedown	-	1.54	1.26	3.19	2.88
Change in Other Net Operating Assets	45	23.86	-25.61	-98.36	70.54
Other Operating Activities	137	50.8	7.82	66.37	-1.47
Net Cash from Discontinued Operations	1	-	-	-	-
Operating Cash Flow	194	179.29	115.5	34.7	131.82
Operating Cash Flow Growth	8.21%	55.23%	232.88%	-73.68%	53.13%
Capital Expenditures	-315	-375.76	-576.52	-459.71	-350.09
Sale (Purchase) of Intangibles	-156	-140.62	-117.66	-81.82	-56.21
Investment in Securities	12	76.35	11.47	-27.97	105.74
Other Investing Activities	-	0.03	0.61	0.42	0.4
Investing Cash Flow	-459	-440	-682.11	-569.08	-300.17
Long-Term Debt Issued	959	639.98	688.78	729.1	376.63
Total Debt Issued	959	639.98	688.78	729.1	376.63
Long-Term Debt Repaid	-649	-187.51	-138.07	-585.94	-101.17
Net Debt Issued (Repaid)	310	452.47	550.71	143.16	275.46
Issuance of Common Stock	-	-	-	484.87	-
Other Financing Activities	-78	-123.78	-55.08	-13.81	-39.34
Financing Cash Flow	232	328.69	495.63	614.22	236.12
Foreign Exchange Rate Adjustments	-6	-26.34	5.97	12.32	3.51
Miscellaneous Cash Flow Adjustments	-6	-	-	-	-
Net Cash Flow	-45	41.64	-65.01	92.15	71.28
Free Cash Flow	-121	-196.47	-461.02	-425.01	-218.27
Free Cash Flow Margin	-20.58%	-35.94%	-93.10%	-91.22%	-60.86%
Free Cash Flow Per Share	-	-1.50	-3.28	-4.36	-2.29
Cash Interest Paid	124	117.7	72.8	49.05	32.32
Cash Income Tax Paid	23	14.05	26.66	16.46	13.68
Levered Free Cash Flow	-408.77	-349.27	-553.14	-698.3	-268.99
Unlevered Free Cash Flow	-325.02	-300.86	-517.92	-660.09	-237.49
Change in Working Capital	45	23.86	-25.61	-98.36	70.54

Source: S&P Global Market Intelligence. Utility template. Financial Sources.