Aerostar 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	98.04	95.73	93.03	90.27	59.94
Depreciation & Amortization	29.44	27.11	25.95	24.11	25.79
Other Operating Activities	-47.06	-84.52	-85.27	-50.95	5.83
Operating Cash Flow	80.42	38.32	33.7	63.43	91.56
Operating Cash Flow Growth	109.87%	13.69%	-46.86%	-30.73%	62.83%
Capital Expenditures	-13.46	-26.95	-22.83	-31.26	-7.25
Sale of Property, Plant & Equipment	-	-	-	-	0.04
Investment in Securities	6.13	20.47	-2.37	-51.92	-
Other Investing Activities	18.49	12.98	18.69	12.45	2.64
Investing Cash Flow	11.17	6.5	-6.52	-70.72	-4.57
Common Dividends Paid	-35.24	-30.89	-26.37	-21.99	-17.57
Financing Cash Flow	-35.24	-30.89	-26.37	-21.99	-17.57
Foreign Exchange Rate Adjustments	-3.4	0.69	-1.2	0.99	2.39
Net Cash Flow	52.95	14.61	-0.38	-28.3	71.81
Free Cash Flow	66.96	11.37	10.87	32.17	84.31
Free Cash Flow Growth	489.14%	4.55%	-66.21%	-61.84%	744.82%
Free Cash Flow Margin	10.73%	1.94%	2.14%	6.86%	22.30%
Free Cash Flow Per Share	0.44	0.07	0.07	0.21	0.55
Cash Income Tax Paid	10.13	9.26	6.97	13.68	6.01
Levered Free Cash Flow	41.84	-3.09	26.55	28.25	71.41
Unlevered Free Cash Flow	49.06	-3.07	26.57	28.27	71.42

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