BUD:MTELEKOM 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	208,440	157,797	78,951	62,954	58,997
Depreciation & Amortization	143,257	115,407	115,080	138,768	122,102
Other Amortization	-	24,535	24,088	-	25,860
Loss (Gain) on Equity Investments	-	-	-	-26	-
Other Operating Activities	13,534	21,556	25,617	2,796	-1,093
Change in Other Net Operating Assets	-3,001	-16,984	-20,986	-8,729	-11,096
Operating Cash Flow	362,230	302,311	222,750	195,763	194,770
Operating Cash Flow Growth	19.82%	35.72%	13.79%	0.51%	4.74%
Capital Expenditures	-118,238	-102,831	-100,115	-121,217	-110,906
Sale of Property, Plant & Equipment	2,138	1,081	570	1,121	1,953
Cash Acquisitions	-322	-270	-67	-	-1,677
Divestitures	7,614	-	-	5,500	-
Investment in Securities	-7,646	15,605	-15,225	9,340	9,228
Investing Cash Flow	-116,454	-86,415	-114,837	-105,256	-101,402
Long-Term Debt Issued	143,221	174,164	123,667	157,824	186,699
Long-Term Debt Repaid	-253,633	-310,854	-177,308	-167,459	-247,727
Net Debt Issued (Repaid)	-110,412	-136,690	-53,641	-9,635	-61,028
Repurchase of Common Stock	-40,789	-22,363	-14,609	-14,609	-10,215
Common Dividends Paid	-97,336	-47,955	-33,942	-19,486	-18,788
Other Financing Activities	-	-5,352	-4,606	-48,129	-4,681
Financing Cash Flow	-248,537	-212,360	-106,798	-91,859	-94,712
Foreign Exchange Rate Adjustments	-820	960	-462	750	118
Net Cash Flow	-3,581	4,496	653	-602	-1,226
Free Cash Flow	243,992	199,480	122,635	74,546	83,864
Free Cash Flow Growth	22.31%	62.66%	64.51%	-11.11%	155.36%
Free Cash Flow Margin	24.80%	20.62%	14.44%	9.98%	12.10%
Free Cash Flow Per Share	272.54	217.14	130.07	76.41	83.24
Cash Interest Paid	23,367	19,662	23,694	21,229	19,935
Cash Income Tax Paid	35,555	21,902	17,817	18,615	14,471
Levered Free Cash Flow	193,064	159,047	90,519	79,762	106,608
Unlevered Free Cash Flow	204,983	172,017	106,145	90,759	115,212
Change in Working Capital	-3,001	-16,984	-20,986	-8,729	-11,096

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.