BUD:GSPARK Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	20.57	12.89	17.08	10.16	8.79	11.04
Depreciation & Amortization	0.19	0.2	0.19	0.18	0.2	0.22
Other Amortization	0.02	0.02	0.03	0.03	0.03	0.03
Gain (Loss) on Sale of Assets	-11.1	-11.1	-0.02	0.01	-0.02	0.02
Asset Writedown	6.34	13.61	-2.89	4.42	4.01	0.72
Change in Accounts Receivable	0.5	1.11	-0.13	0.67	-2.23	-0.42
Change in Other Net Operating Assets	-1.49	-1.99	-0.98	-0.93	2.6	-0.06
Other Operating Activities	1.12	1.2	1.08	1.05	1.35	1.68
Operating Cash Flow	16.15	15.93	14.36	15.59	14.75	13.22
Operating Cash Flow Growth	7.63%	10.95%	-7.87%	5.72%	11.52%	11.80%
Acquisition of Real Estate Assets	-1.41	-1.05	-1.67	-1.02	-0.97	-1.41
Sale of Real Estate Assets	13.41	13.37	0.03	0.02	0.03	-
Net Sale / Acq. of Real Estate Assets	12	12.32	-1.63	-1	-0.94	-1.41
Other Investing Activities	0.33	0.31	0.4	0.73	0.19	0.06
Investing Cash Flow	12.31	12.61	-1.25	-0.29	-0.76	-1.37
Long-Term Debt Repaid	-	-12.33	-6.04	-5.93	-5.84	-5.77
Net Debt Issued (Repaid)	-11.59	-12.33	-6.04	-5.93	-5.84	-5.77
Repurchase of Common Stock	-0.02	-0.02	-	-0.01	-0.01	-0.02
Common Dividends Paid	-7.16	-7.16	-7.06	-5.43	-4.34	-3.97
Other Financing Activities	-1.42	-1.44	-1.54	-1.61	-1.69	-1.78
Foreign Exchange Rate Adjustments	0.01	0.03	-0.04	0.02	0.07	-0.14
Net Cash Flow	8.28	7.63	-1.57	2.33	2.17	-5.84
Cash Interest Paid	1.42	1.44	1.54	1.61	1.69	1.78
Cash Income Tax Paid	0.15	0.14	0.34	0.02	0.02	0.03
Levered Free Cash Flow	10.26	10.21	7.76	8.74	8.69	6.83
Unlevered Free Cash Flow	11.14	11.11	8.73	9.78	9.76	7.95
Change in Working Capital	-0.99	-0.89	-1.12	-0.27	0.37	-0.48