ENEFI Vagyonkezelo Nyrt. Cash Flow Statement

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

Millions HUF. 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	524.34	516.91	-205.93	-328.99	-506.48
Depreciation & Amortization	108.25	98.94	102.39	89.53	113.6
Other Adjustments	93.58	-290.08	-234.83	-83.29	532.17
Change in Receivables	27.13	174.49	216.28	144.81	-232.24
Changes in Inventories	-1.38	-1.44	1.82	10.11	8.36
Changes in Accounts Payable	19.39	-52.75	11.79	-653.73	311.39
Changes in Other Operating Activities	-76.29	43.98	34.94	-32.42	27.17
Operating Cash Flow	691.51	490.09	-73.51	-692.54	253.95
Operating Cash Flow Growth	41.10%	-	-	-	6.86%
Capital Expenditures	-164.89	-235.46	-54	-123.02	-126.78
Sale of Property, Plant & Equipment	2.6	0.07	1.08	936.85	955
Payments for Business Acquisitions	-	-272	-	-	166.28
Other Investing Activities	-634.93	316.81	-918.79	725.27	-246.34
Investing Cash Flow	-797.22	-190.72	-971.71	1,539	748.15
Long-Term Debt Issued	-	-12.98	-	-	-25.34
Net Long-Term Debt Issued (Repaid)	-	-12.98	-	-	-25.34
Repurchase of Common Stock	-	-173.45	-	-	-931.48
Net Common Stock Issued (Repurchased)	-	-173.45	-	-	-931.48
Other Financing Activities	-	-	-29.8	-42.22	-27.5
Financing Cash Flow	-	-186.44	-29.8	-42.22	-984.32
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0.07	0.03	0.02	0.01	-0.32
Net Cash Flow	-105.71	112.94	-1,075	804.34	17.47
Free Cash Flow	526.62	254.63	-127.52	-815.55	127.17
Free Cash Flow Growth	106.82%	-	-	-	-85.68%
FCF Margin	118.80%	74.66%	-32.20%	-104.08%	11.65%
Free Cash Flow Per Share	44.56	18.99	-9.96	-63.73	8.58
Levered Free Cash Flow	336.88	359.4	-126.19	-888.86	-207.31
Unlevered Free Cash Flow	-736.87	-581.82	-316.76	-957.41	26.39