Alro S.A. Cash Flow Statement

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

Millions RON. 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	-211.95	10.32	-560.26	410.07	26.43
Depreciation & Amortization	118.88	119.51	151.99	153.04	152.53
Loss (Gain) From Sale of Assets	0.81	1.25	1.53	0.91	1.54
Asset Writedown & Restructuring Costs	51.3	0	85.18	5.32	5.55
Loss (Gain) on Equity Investments	-2.41	0.3	-	-	-
Provision & Write-off of Bad Debts	0.81	0.08	0.22	9.53	12.08
Other Operating Activities	-20.05	-35.02	-92.34	321.74	34.41
Change in Accounts Receivable	77.77	39.48	54.68	-407.48	298.17
Change in Inventory	-89.46	68.85	273.88	-231.3	-316.12
Change in Accounts Payable	86.42	218.32	71.23	-102.57	26.64
Operating Cash Flow	12.13	423.09	-53.51	83.04	241.22
Operating Cash Flow Growth	-97.13%	-	-	-65.57%	-25.39%
Capital Expenditures	-147.71	-134.32	-103.3	-129.45	-147.57
Sale of Property, Plant & Equipment	2.55	1.43	1.95	2.51	2.15
Cash Acquisitions	-	-	-	-15.6	2.34
Investment in Securities	-0.02	-108.23	-108.27	-	-
Other Investing Activities	5.68	-0.51	18.04	-92.72	-12.4
Investing Cash Flow	-139.49	-241.63	-191.57	-235.27	-155.48
Long-Term Debt Issued	72.82	615.81	127.38	611.14	256.55
Long-Term Debt Repaid	-129.23	-572.09	-306.23	-157.47	-119.51
Net Debt Issued (Repaid)	-56.42	43.72	-178.86	453.67	137.04
Common Dividends Paid	-	-	-	-0	-0.04
Financing Cash Flow	-56.42	43.72	-178.86	453.67	137
Foreign Exchange Rate Adjustments	-	-	-0	0.19	0.18
Net Cash Flow	-183.79	225.18	-423.94	301.64	222.93
Free Cash Flow	-135.59	288.77	-156.81	-46.41	93.65
Free Cash Flow Growth	-	-	-	-	-61.10%
Free Cash Flow Margin	-3.48%	8.47%	-5.50%	-1.36%	2.68%
Free Cash Flow Per Share	-0.19	0.41	-0.22	-0.07	0.13
Cash Interest Paid	99.5	129.53	140.22	79.33	36.36
Cash Income Tax Paid	-6.31	36.64	74.75	31.66	52.35
Levered Free Cash Flow	-81.45	230	118.3	-233.19	128.84
Unlevered Free Cash Flow	-7.17	308.48	199.19	-175.84	154.99
Change in Working Capital	74.73	326.65	399.79	-741.35	8.68

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