BUD:EPROLIUSIA Cash Flow Statement

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

Millions HUF. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	1,067	1,017	403.74	-120.17
Depreciation & Amortization	2.22	1.04	0.91	0.91
Asset Writedown	-587.64	-587.64	-76.84	385.76
Change in Accounts Receivable	138.63	206.87	-113.24	-105.36
Change in Accounts Payable	-165.25	32.85	-37.39	70.09
Change in Other Net Operating Assets	40.3	21.19	62.07	-33.13
Other Operating Activities	97.9	82.15	63.7	59.66
Operating Cash Flow	552.97	780.37	322.42	268.59
Operating Cash Flow Growth	-29.12%	142.04%	20.04%	-
Acquisition of Real Estate Assets	-7.37	-368.41	-1,155	-1,340
Net Sale / Acq. of Real Estate Assets	-7.37	-368.41	-1,155	-1,340
Investing Cash Flow	-7.37	-368.41	-1,155	-1,340
Long-Term Debt Issued	-	288.29	700	1,000
Long-Term Debt Repaid	-	-413.36	-64.29	-64.29
Net Debt Issued (Repaid)	28.48	-125.07	635.71	935.71
Common Dividends Paid	-420	-176.7	-	-
Other Financing Activities	-72.54	-72.84	-63.74	-61.89
Foreign Exchange Rate Adjustments	-1.51	-0.16	-0.05	3.25
Miscellaneous Cash Flow Adjustments	0	-0.02	-	-
Net Cash Flow	80.04	37.18	-260.47	-194.44
Cash Interest Paid	72.54	72.84	63.74	61.89
Levered Free Cash Flow	268.07	159.69	-1,040	-
Unlevered Free Cash Flow	323.15	205.25	-999.79	-
Change in Working Capital	16.95	262.17	-88.75	-64.85

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