BUD:GRANIT 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	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	17,740	19,216	19,892	11,390	3,893	1,617
Depreciation & Amortization	3,495	3,114	1,804	-987	573	473
Gain (Loss) on Sale of Assets	113	109	-	-9	-2	-6
Gain (Loss) on Sale of Investments	-3,304	3,862	-17,393	21,825	5,278	-945
Total Asset Writedown	-	-	-	-	-1,145	-944
Change in Trading Asset Securities	-69,561	-33,570	16,161	-38,764	-37,104	35,729
Change in Other Net Operating Assets	-333,601	-102,503	153,157	-170,940	10,881	40,935
Other Operating Activities	-5,430	94	516	-12,653	-1,771	-1,910
Operating Cash Flow	-391,100	-109,183	173,593	-192,127	-19,326	75,019
Capital Expenditures	-1,925	-1,925	-211	-2,289	-429	-553
Sale of Property, Plant and Equipment	1,382	1,377	-	13	-	-
Cash Acquisitions	563	563	-6,484	-	-	-
Investment in Securities	-37,157	-49,247	33,600	-51,870	-39,437	-113,767
Purchase / Sale of Intangibles	-5,975	-5,189	-2,058	-3,169	-1,024	-838
Other Investing Activities	3	2	61	1	-	-
Investing Cash Flow	-43,109	-54,419	24,908	-57,314	-40,890	-115,158
Long-Term Debt Repaid	-	-	-	-5,252	-	-
Net Debt Issued (Repaid)	-	-	-	-5,252	-	-
Issuance of Common Stock	45,281	47,361	930	21,266	-	7,222
Repurchase of Common Stock	-	-	-	-	-	-2,910
Net Increase (Decrease) in Deposit Accounts	120,210	274,807	211,984	265,577	54,036	48,270
Other Financing Activities	-	-	-	247	-	-
Financing Cash Flow	165,491	322,168	212,914	281,838	54,036	52,582
Foreign Exchange Rate Adjustments	1,626	1,626	-1,591	-	-	-
Net Cash Flow	-267,092	160,192	409,824	40,051	-5,646	12,442
Free Cash Flow	-393,025	-111,108	173,382	-194,416	-19,755	74,466
Free Cash Flow Margin	-715.61%	-209.97%	370.25%	-688.10%	-155.20%	892.88%
Free Cash Flow Per Share	-22229.92	-7047.32	11262.23	-	-1765.47	6631.48
Cash Interest Paid	73,360	70,682	81,923	30,260	5,816	4,274
Cash Income Tax Paid	2,681	3,283	3,607	1,891	660	267

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