BUD:NORDGENERAL 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 2020	FY 2019
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Net Income	-21.42	-12.27	-6.21	-117.3	-124.01
Depreciation & Amortization	0.1	0.04	0.05	8.97	24.82
Other Operating Activities	-	0	-	-	0.97
Change in Accounts Receivable	6.87	17.04	31.76	-37.01	66.47
Change in Accounts Payable	-4.42	1.88	-9.54	0.04	0.45
Change in Other Net Operating Assets	0.93	-0.65	-11.53	26.12	16.45
Operating Cash Flow	-17.94	6.04	4.54	-119.18	-14.84
Operating Cash Flow Growth	-	33.19%	-	-	-
Capital Expenditures	-	-0.72	-	-1.91	-2.23
Investment in Securities	-	-	-	7.4	-
Investing Cash Flow	-	-0.72	-	5.49	-2.23
Issuance of Common Stock	-	15	-	120.1	-
Financing Cash Flow	-	15	-	120.1	-
Foreign Exchange Rate Adjustments	-	-	-	-5.9	-8.69
Miscellaneous Cash Flow Adjustments	-	-0	-	-	-
Net Cash Flow	-17.94	20.32	4.54	0.52	-25.75
Free Cash Flow	-17.94	5.32	4.54	-121.09	-17.07
Free Cash Flow Growth	-	17.32%	-	-	-
Free Cash Flow Margin	-4250.47%	308.46%	196.96%	-594.52%	-37.66%
Free Cash Flow Per Share	-	0.08	0.07	-1.91	-0.28
Cash Income Tax Paid	-	0.01	-	-	0.07
Levered Free Cash Flow	-9.9	9.36	-	-96.58	121.01
Unlevered Free Cash Flow	-9.83	9.36	-	-96.58	121.01
Change in Working Capital	3.38	18.27	10.69	-10.85	83.37

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