Voltalia Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	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	-44.94	-20.94	29.63	-7.17	-1.32	7.92
Depreciation & Amortization	133.03	124.03	102.41	70.67	61.19	43.5
Asset Writedown	1.54	1.54	1.26	3.19	2.88	1.66
Change in Other Net Operating Assets	38.86	23.86	-25.61	-98.36	70.54	23.38
Other Operating Activities	81.8	50.8	7.82	66.37	-1.47	9.63
Operating Cash Flow	210.29	179.29	115.5	34.7	131.82	86.08
Operating Cash Flow Growth	112.52%	55.23%	232.88%	-73.68%	53.13%	79.71%
Capital Expenditures	-271.76	-375.76	-576.52	-459.71	-350.09	-278.13
Sale (Purchase) of Intangibles	-150.62	-140.62	-117.66	-81.82	-56.21	-48.43
Investment in Securities	24.35	76.35	11.47	-27.97	105.74	10.06
Other Investing Activities	-1.97	0.03	0.61	0.42	0.4	0.62
Investing Cash Flow	-400	-440	-682.11	-569.08	-300.17	-315.88
Long-Term Debt Issued	-	639.98	688.78	729.1	376.63	252.24
Total Debt Issued	324.98	639.98	688.78	729.1	376.63	252.24
Long-Term Debt Repaid	-	-187.51	-138.07	-585.94	-101.17	-50.02
Net Debt Issued (Repaid)	234.47	452.47	550.71	143.16	275.46	202.22
Issuance of Common Stock	-	-	-	484.87	-	-
Other Financing Activities	-129.78	-123.78	-55.08	-13.81	-39.34	-0.02
Financing Cash Flow	104.69	328.69	495.63	614.22	236.12	202.2
Foreign Exchange Rate Adjustments	-9.34	-26.34	5.97	12.32	3.51	-33.78
Miscellaneous Cash Flow Adjustments	1	-	-	-	-	11.76
Net Cash Flow	-93.36	41.64	-65.01	92.15	71.28	-49.62
Free Cash Flow	-61.47	-196.47	-461.02	-425.01	-218.27	-192.05
Free Cash Flow Margin	-10.89%	-35.94%	-93.10%	-91.22%	-60.86%	-82.26%
Free Cash Flow Per Share	-	-1.50	-3.28	-4.36	-2.29	-2.01
Cash Interest Paid	138.7	117.7	72.8	49.05	32.32	27.81
Cash Income Tax Paid	24.05	14.05	26.66	16.46	13.68	8.17
Levered Free Cash Flow	-244.01	-349.27	-553.14	-698.3	-268.99	-253.71
Unlevered Free Cash Flow	-189.35	-300.86	-517.92	-660.09	-237.49	-234.08
Change in Working Capital	38.86	23.86	-25.61	-98.36	70.54	23.38

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