BUD:MTELEKOM 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	Sep '25 Sep 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	201,790	157,797	78,951	62,954	58,997	42,364
Depreciation & Amortization	117,151	115,407	115,080	138,768	122,102	115,913
Other Amortization	24,535	24,535	24,088	-	25,860	25,145
Loss (Gain) on Equity Investments	-	-	-	-26	-	66
Other Operating Activities	14,557	21,556	25,617	2,796	-1,093	6,095
Change in Other Net Operating Assets	6,792	-16,984	-20,986	-8,729	-11,096	-3,628
Operating Cash Flow	364,825	302,311	222,750	195,763	194,770	185,955
Operating Cash Flow Growth	31.45%	35.72%	13.79%	0.51%	4.74%	14.53%
Capital Expenditures	-103,469	-102,831	-100,115	-121,217	-110,906	-153,113
Sale of Property, Plant & Equipment	2,548	1,081	570	1,121	1,953	7,843
Cash Acquisitions	-592	-270	-67	-	-1,677	-567
Divestitures	7,614	-	-	5,500	-	268
Investment in Securities	-4,741	15,605	-15,225	9,340	9,228	-2,533
Investing Cash Flow	-98,640	-86,415	-114,837	-105,256	-101,402	-148,102
Long-Term Debt Issued	-	174,164	123,667	157,824	186,699	286,961
Long-Term Debt Repaid	-	-310,854	-177,308	-167,459	-247,727	-290,776
Net Debt Issued (Repaid)	-120,206	-136,690	-53,641	-9,635	-61,028	-3,815
Repurchase of Common Stock	-40,789	-22,363	-14,609	-14,609	-10,215	-5,218
Common Dividends Paid	-97,603	-47,955	-33,942	-19,486	-18,788	-24,516
Other Financing Activities	-5,352	-5,352	-4,606	-48,129	-4,681	-4,054
Financing Cash Flow	-263,950	-212,360	-106,798	-91,859	-94,712	-37,603
Foreign Exchange Rate Adjustments	159	960	-462	750	118	1,041
Net Cash Flow	2,394	4,496	653	-602	-1,226	1,291
Free Cash Flow	261,356	199,480	122,635	74,546	83,864	32,842
Free Cash Flow Growth	41.58%	62.66%	64.51%	-11.11%	155.36%	-49.25%
Free Cash Flow Margin	26.61%	20.62%	14.44%	9.98%	12.10%	4.88%
Free Cash Flow Per Share	290.09	217.14	130.07	76.41	83.24	31.98
Cash Interest Paid	16,452	19,662	23,694	21,229	19,935	19,913
Cash Income Tax Paid	33,076	21,902	17,817	18,615	14,471	12,700
Levered Free Cash Flow	214,437	159,047	90,519	79,762	106,608	5,554
Unlevered Free Cash Flow	225,914	172,017	106,145	90,759	115,212	12,629
Change in Working Capital	6,792	-16,984	-20,986	-8,729	-11,096	-3,628

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.