First Investment Bank 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	188.22	144.79	157.57	97.24	110.6
Depreciation & Amortization	40.58	51.28	9.93	9.82	44.46
Other Amortization	5.98	-	4.37	3.14	2.83
Gain (Loss) on Sale of Assets	-6.17	-18.26	-7.71	0.56	5.82
Gain (Loss) on Sale of Investments	0.09	-0.02	0	-0.01	0.19
Total Asset Writedown	-88.85	-6.02	-	-14.77	-30.34
Provision for Credit Losses	169.46	199.1	145.28	140.42	124.96
Change in Trading Asset Securities	-19.85	-1,111	-620.49	522.6	-275
Change in Other Net Operating Assets	-1,422	-1,177	-1,108	-374.66	-571.5
Other Operating Activities	-38.28	65.5	85.2	73.62	-8.6
Operating Cash Flow	-1,170	-1,852	-1,334	457.95	-596.59
Capital Expenditures	-44.09	-216.94	-29.49	-42	-14.44
Sale of Property, Plant and Equipment	0.07	0.06	0.23	0.03	0.04
Investment in Securities	127.66	558.66	578.11	-1,702	-116.36
Other Investing Activities	23.35	60.64	39.36	46.13	14.4
Investing Cash Flow	107	402.42	588.21	-1,698	-116.37
Long-Term Debt Issued	572.88	281.27	322.51	4.08	69.6
Long-Term Debt Repaid	-	-	-	-47.4	-
Net Debt Issued (Repaid)	572.88	281.27	322.51	-43.33	69.6
Net Increase (Decrease) in Deposit Accounts	1,533	1,648	856.16	1,493	458.23
Financing Cash Flow	2,106	1,929	1,179	1,449	527.83
Net Cash Flow	1,042	480.21	432.69	209.14	-185.13
Free Cash Flow	-1,215	-2,068	-1,364	415.95	-611.02
Free Cash Flow Margin	-290.70%	-494.66%	-323.89%	125.10%	-197.53%
Free Cash Flow Per Share	-8.15	-13.87	-9.15	2.79	-4.10
Cash Interest Paid	99.19	67.72	42.39	60.2	72.73
Cash Income Tax Paid	45.63	15.51	18.99	8.33	5.04

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