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	451.81	519.1	-223.12	-179.34	-530.78
Depreciation & Amortization	108.25	94.91	102.39	89.53	113.6
Other Amortization	-	4.04	-	-	-
Loss (Gain) on Sale of Assets	-1.7	0.07	1.56	-119.53	-40.25
Loss (Gain) on Sale of Investments	-62.03	-420.95	-218.28	14.23	-3.79
Loss (Gain) on Equity Investments	-4.69	3.41	-	-	-19.36
Asset Writedown	375.56	-0	-	-268.91	335.41
Change in Accounts Receivable	27.13	174.49	216.28	144.81	-232.24
Change in Inventory	-1.38	-1.44	1.82	10.11	8.36
Change in Accounts Payable	19.39	-52.75	11.79	-653.73	311.39
Change in Other Net Operating Assets	-76.29	43.98	34.94	-32.42	27.17
Other Operating Activities	-130.21	66.81	-95.38	344.73	202.46
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	-235.52	-54	-123.02	-126.78
Sale of Property, Plant & Equipment	2.6	-	1.08	936.85	955
Investment in Securities	-684.38	22.3	-944.25	203.19	-81.87
Other Investing Activities	49.45	22.5	26.31	61.4	1.81
Investing Cash Flow	-797.22	-190.72	-971.71	1,539	748.15
Long-Term Debt Repaid	-	-12.98	-29.8	-42.22	-52.84
Net Debt Issued (Repaid)	-	-12.98	-29.8	-42.22	-52.84
Issuance of Common Stock	-	557.14	-	-	-
Repurchase of Common Stock	-	-730.59	-	-	-931.48
Financing Cash Flow	-	-186.44	-29.8	-42.22	-984.32
Foreign Exchange Rate Adjustments	-0.07	0.03	0.02	0.01	-0.32
Miscellaneous Cash Flow Adjustments	0.09	-0.03	-0.02	-0.12	-
Net Cash Flow	-105.69	112.94	-1,075	804.23	17.47
Free Cash Flow	526.62	254.57	-127.52	-815.55	127.17
Free Cash Flow Growth	106.87%	-	-	-	-
Free Cash Flow Margin	118.80%	74.64%	-32.20%	-104.08%	11.65%
Free Cash Flow Per Share	44.56	18.98	-19.00	-121.53	14.57
Cash Interest Paid	-	1.98	6.66	6.62	3.99
Cash Income Tax Paid	-	-16.99	13.66	28.17	13.78
Levered Free Cash Flow	-274.64	-113.8	-36.23	345.17	-434.82
Unlevered Free Cash Flow	-274.64	-112.56	-32.07	349.31	-432.33
Change in Working Capital	-31.16	164.28	264.83	-531.22	114.67

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