Doverie United Holding AD Cash Flow Statement

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

Millions BGN. 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	123.57	76.95	69.93	71.8	44.79
Depreciation & Amortization	24.02	22.84	19.96	17.46	20.4
Other Amortization	1.91	1.48	0.94	0.72	1.7
Asset Writedown & Restructuring Costs	-0.71	2.54	0.67	-3.63	-2.35
Loss (Gain) From Sale of Investments	-0.08	0.02	-0.04	-0	0.11
Provision & Write-off of Bad Debts	-0.01	0.09	0.02	0.06	0.24
Other Operating Activities	17.67	60.66	30.58	53.58	36.11
Change in Other Net Operating Assets	-66.22	-116.76	126.95	-187.29	-13.88
Operating Cash Flow	100.14	47.81	248.99	-47.32	87.05
Operating Cash Flow Growth	109.46%	-80.80%	-	-	-50.99%
Capital Expenditures	-85.42	-28.16	-23.98	-23.53	-16.25
Sale of Property, Plant & Equipment	0.23	0.08	4.65	1.63	1.68
Investment in Securities	-9.49	-10.46	0.1	0.1	1.69
Other Investing Activities	0.25	-8.22	-0.23	0.77	1.26
Investing Cash Flow	-94.43	-46.76	-19.46	-21.02	-11.62
Short-Term Debt Issued	-	4.36	4.94	-	-
Long-Term Debt Issued	235.71	218.17	165.3	107.15	109.64
Total Debt Issued	235.71	222.53	170.24	107.15	109.64
Short-Term Debt Repaid	-3	-61.73	-19.04	-	-
Long-Term Debt Repaid	-193.19	-196.6	-175.63	-116.41	-130.65
Total Debt Repaid	-196.19	-258.32	-194.67	-116.41	-130.65
Net Debt Issued (Repaid)	39.52	-35.79	-24.43	-9.26	-21.01
Common Dividends Paid	-10.03	-19.9	-9.81	-0.25	-7.32
Other Financing Activities	-27.36	10.36	9.09	42.79	-41.37
Financing Cash Flow	2.13	-45.34	-25.14	33.28	-69.7
Net Cash Flow	7.84	-44.29	204.38	-35.06	5.73
Free Cash Flow	14.72	19.65	225.01	-70.84	70.8
Free Cash Flow Growth	-25.08%	-91.27%	-	-	-56.94%
Free Cash Flow Margin	2.30%	3.41%	39.98%	-14.28%	21.51%
Free Cash Flow Per Share	0.69	0.91	10.47	-3.29	3.63
Cash Interest Paid	57.01	50.28	83.13	44.18	25.17
Cash Income Tax Paid	14.49	19.62	16.83	13.86	14.11
Levered Free Cash Flow	13.91	22.25	63.82	56.1	49.31
Unlevered Free Cash Flow	52.95	55.42	117.12	88.21	66.33
Change in Working Capital	-66.22	-116.76	126.95	-187.29	-13.88

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