Aerostar 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	Dec '21 Dec 31, 2021
Net Income	118.12	98.04	95.73	93.03	90.27	59.94
Depreciation & Amortization	28.66	29.09	26.85	25.95	24.11	25.79
Other Amortization	0.35	0.35	0.26	-	-	-
Other Operating Activities	-57.42	-47.06	-84.52	-85.27	-50.95	5.83
Operating Cash Flow	89.71	80.42	38.32	33.7	63.43	91.56
Operating Cash Flow Growth	81.88%	109.87%	13.69%	-46.86%	-30.73%	62.83%
Capital Expenditures	-14.23	-13.46	-26.95	-22.83	-31.26	-7.25
Sale of Property, Plant & Equipment	-	-	-	-	-	0.04
Investment in Securities	4.46	6.13	20.47	-2.37	-51.92	-
Other Investing Activities	15.6	18.49	12.98	18.69	12.45	2.64
Investing Cash Flow	5.83	11.17	6.5	-6.52	-70.72	-4.57
Common Dividends Paid	-35.29	-35.24	-30.89	-26.37	-21.99	-17.57
Financing Cash Flow	-35.29	-35.24	-30.89	-26.37	-21.99	-17.57
Foreign Exchange Rate Adjustments	-2.08	-3.4	0.69	-1.2	0.99	2.39
Net Cash Flow	58.18	52.95	14.61	-0.38	-28.3	71.81
Free Cash Flow	75.49	66.96	11.37	10.87	32.17	84.31
Free Cash Flow Growth	215.40%	489.14%	4.55%	-66.21%	-61.84%	744.82%
Free Cash Flow Margin	11.64%	10.74%	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	10.13	9.26	6.97	13.68	6.01
Levered Free Cash Flow	44.2	48.53	-3.09	26.55	28.25	71.41
Unlevered Free Cash Flow	44.2	48.55	-3.07	26.57	28.27	71.42

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