BUD:EPDUFERR 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	-184.54	87.61	40.6	-237.22	384.28
Depreciation & Amortization	113.29	102.56	94.75	77.93	46.58
Loss (Gain) From Sale of Assets	-10.73	1.58	-32.37	-	-
Asset Writedown & Restructuring Costs	71.07	5.21	-	60.94	0.26
Loss (Gain) From Sale of Investments	-795.21	-1,299	-	-	23.18
Loss (Gain) on Equity Investments	1.5	-	-	-	-
Provision & Write-off of Bad Debts	-	67.62	50.13	-	-
Other Operating Activities	16.62	38.92	-12.66	-11.44	-0.26
Change in Accounts Receivable	253.36	493.38	-1,036	276.07	-379.44
Change in Inventory	-34.27	137.56	259.31	-416.13	-146.48
Change in Accounts Payable	634.91	-775.75	607.56	-132.91	-
Change in Unearned Revenue	-22.04	149.98	-4.6	-	-
Change in Other Net Operating Assets	542.07	-327.41	-394.82	-	123.42
Operating Cash Flow	586.02	-1,317	-427.94	-382.75	51.53
Operating Cash Flow Growth	-	-	-	-	-91.83%
Capital Expenditures	-7.72	-15.12	-94.32	-748.18	-313.19
Sale of Property, Plant & Equipment	45.01	3.6	72	38.03	5
Cash Acquisitions	-260.33	-	-	-	-
Investment in Securities	-	-	-1.5	-	-
Other Investing Activities	0.04	22.78	2.42	11.74	-
Investing Cash Flow	-428.95	11.26	-14.21	-698.41	-308.19
Long-Term Debt Issued	2,925	1,191	660.62	603.25	452.14
Long-Term Debt Repaid	-2,618	-909.4	-393.91	-355.43	-346.95
Net Debt Issued (Repaid)	306.8	281.97	266.71	247.81	105.2
Issuance of Common Stock	-	1,000	-	-	994.55
Repurchase of Common Stock	-	-	-	-36.11	-
Common Dividends Paid	-	-	-	-80.38	-
Other Financing Activities	61.86	-	-	-	-
Financing Cash Flow	368.66	1,282	266.71	131.33	1,100
Foreign Exchange Rate Adjustments	-0.12	0.04	-0.34	-0.01	-
Miscellaneous Cash Flow Adjustments	-0.07	-0	-0.02	-	-
Net Cash Flow	525.54	-24	-175.79	-949.83	843.09
Free Cash Flow	578.3	-1,332	-522.25	-1,131	-261.66
Free Cash Flow Margin	9.45%	-34.61%	-8.85%	-25.01%	-5.49%
Free Cash Flow Per Share	0.85	-1.95	-0.76	-1.63	-0.52
Cash Interest Paid	-	61.34	32.52	26.19	34.51
Cash Income Tax Paid	-	3.12	10.82	7.56	18.53
Levered Free Cash Flow	1,039	-1,015	-420.7	-1,073	-443.29
Unlevered Free Cash Flow	1,156	-952.59	-399.78	-1,057	-421.72
Change in Working Capital	1,374	-322.24	-568.38	-272.97	-402.5

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