Agroland Business System Cash Flow Statement

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

Millions RON. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Net Income	10.54	10.29	7.65	4.71	3.29	-
Depreciation & Amortization	10.46	9.55	7.78	6.03	4.44	-
Other Operating Activities	8.86	8.82	6.49	5.21	4.81	-
Change in Accounts Receivable	-8.5	-0.11	-6.44	0.2	-15.09	-
Change in Inventory	-17.23	-14.7	-14.64	-3.69	-27.27	-
Change in Accounts Payable	13.99	10.15	3.66	-2.66	30.94	-
Change in Unearned Revenue	-	0.12	-0	0	-	-
Change in Other Net Operating Assets	0.3	-0.1	-0.38	-0	-	-
Operating Cash Flow	18.42	24.03	4.1	9.8	1.12	-
Operating Cash Flow Growth	222.18%	485.58%	-58.12%	772.70%	-	-
Capital Expenditures	-38.29	-44.69	-26.21	-7.74	-22.14	-
Investing Cash Flow	-38.29	-44.69	-26.21	-7.74	-22.14	-
Long-Term Debt Issued	-	27.82	29.65	0.51	15.55	-
Net Debt Issued (Repaid)	23.99	27.82	29.65	0.51	15.55	-
Issuance of Common Stock	-	-	-	0.4	14.62	-
Repurchase of Common Stock	-0	-	-	-	-1.44	-
Common Dividends Paid	-	-	-	-0.38	-0.83	-
Other Financing Activities	-8.86	-8.82	-6.49	-5.21	-4.62	-
Financing Cash Flow	15.13	19	23.16	-4.68	23.28	-
Miscellaneous Cash Flow Adjustments	0	-	-	-	-	-
Net Cash Flow	-4.74	-1.66	1.06	-2.62	2.26	-
Free Cash Flow	-19.87	-20.65	-22.1	2.06	-21.02	-
Free Cash Flow Margin	-5.44%	-5.77%	-7.21%	0.71%	-7.50%	-
Free Cash Flow Per Share	-0.22	-0.23	-0.25	0.02	-0.23	-
Cash Interest Paid	6.19	8.83	6.49	5.21	4.62	-
Cash Income Tax Paid	1.88	2.83	2.93	0.93	0.62	-
Levered Free Cash Flow	-29.94	-30.84	-29.52	-2.79	-30.09	-
Unlevered Free Cash Flow	-23.81	-24.95	-25.47	0.7	-27.38	-
Change in Working Capital	-11.44	-4.63	-17.81	-6.15	-11.42	-

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