Hydraulic Elements and Systems AD (BUL:HES)

Bulgaria · Delayed Price · Currency is EUR

2.700

-0.040 (-1.46%)

At close: Nov 12, 2026

BUL:HES Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	2.98	2.53	2.07	2.11	4.9	3.91
Depreciation & Amortization	2.46	2.19	2.1	1.8	1.77	1.56
Other Amortization	0.13	0.12	0.06	0.09	0.1	0.1
Other Operating Activities	-3.4	-2.67	-2.76	-1.3	-6.39	-5.56
Operating Cash Flow	2.16	2.17	1.47	2.71	0.39	0.01
Operating Cash Flow Growth	11.44%	47.58%	-45.68%	599.61%	2926.89%	-99.00%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Capital Expenditures	-1.62	-1.61	-1.43	-2.79	-1.97	-1.91
Sale of Property, Plant & Equipment	0.24	-	0.01	0	0	0.02
Investing Cash Flow	-1.38	-1.61	-1.42	-2.79	-1.97	-1.89

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Short-Term Debt Issued	-	1.79	1.69	3.32	3.07	-
Total Debt Issued	2.06	1.79	1.69	3.32	3.07	-
Short-Term Debt Repaid	-	-1.79	-2.05	-2.81	-1.53	-
Long-Term Debt Repaid	-	-	-	-0	-0.01	-0.01
Total Debt Repaid	-2.56	-1.79	-2.05	-2.81	-1.54	-0.01
Net Debt Issued (Repaid)	-0.5	-	-0.36	0.51	1.52	-0.01
Common Dividends Paid	-0.66	-	-	-	-	-
Other Financing Activities	-0.05	-0.06	-0.07	-0.05	-0.02	-
Financing Cash Flow	-1.2	-0.06	-0.43	0.46	1.5	-0.01

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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 Cash Flow	-0.42	0.49	-0.38	0.38	-0.08	-1.89

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Free Cash Flow	0.54	0.56	0.04	-0.08	-1.59	-1.9
Free Cash Flow Growth	29.20%	1350.30%	-	-	-	-
Free Cash Flow Margin	1.19%	1.33%	0.10%	-0.19%	-3.26%	-5.25%
Free Cash Flow Per Share	-	0.03	0.00	-0.01	-0.09	-0.10
Levered Free Cash Flow	0.96	1.98	-0.55	3.3	1.7	0.13
Unlevered Free Cash Flow	0.99	2.02	-0.5	3.41	1.75	0.13
Free Cash Flow After Leases	0.54	0.56	0.04	-0.08	-1.59	-1.9

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Cash Interest Paid	1.33	0.06	0.07	0.05	0.02	-
Cash Income Tax Paid	0.04	0.28	0.23	0.24	0.56	0.46