Antibiotice 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	51.77	102.2	81.09	51.47	29.94
Depreciation & Amortization	54.2	45.06	27.93	22.57	24.43
Loss (Gain) From Sale of Assets	-	-0.16	-0	2.75	-
Asset Writedown & Restructuring Costs	-	-	-	3.04	-
Provision & Write-off of Bad Debts	-6.2	3	-1.1	-3.14	-
Other Operating Activities	0.12	-6.57	2.81	17.4	-9.93
Change in Accounts Receivable	-5.15	-65.3	-30.64	75.98	-
Change in Inventory	-8.37	-1.78	-19.05	-40.84	-
Change in Unearned Revenue	-	0.16	0	0.03	-
Change in Other Net Operating Assets	-13.94	18.54	61.42	-13.6	-
Operating Cash Flow	72.44	95.15	122.46	115.66	44.44
Operating Cash Flow Growth	-23.87%	-22.30%	5.88%	160.28%	-52.75%
Capital Expenditures	-142.61	-98.77	-83.03	-37.58	-29.05
Sale (Purchase) of Intangibles	-	-17.39	-15.01	-7.47	-
Other Investing Activities	5.34	-	-	-	-
Investing Cash Flow	-137.27	-116.16	-98.04	-45.05	-29.05
Long-Term Debt Issued	92.51	85.19	-	-	-
Long-Term Debt Repaid	-	-10.79	-14.68	-63.8	-6.32
Net Debt Issued (Repaid)	92.51	74.41	-14.68	-63.8	-6.32
Common Dividends Paid	-15.95	-48.17	-5.43	-3.43	-2.1
Other Financing Activities	-4.46	-4.61	-4.09	-3.53	-
Financing Cash Flow	72.1	21.63	-24.2	-70.76	-8.42
Foreign Exchange Rate Adjustments	-	0.25	-0.14	-0.26	-0.1
Miscellaneous Cash Flow Adjustments	-	0	-0	0.02	-
Net Cash Flow	7.26	0.87	0.08	-0.38	6.87
Free Cash Flow	-70.17	-3.63	39.43	78.09	15.39
Free Cash Flow Growth	-	-	-49.50%	407.53%	-66.60%
Free Cash Flow Margin	-10.63%	-0.53%	6.41%	15.46%	4.06%
Free Cash Flow Per Share	-0.10	-0.01	0.06	0.12	0.02
Cash Interest Paid	4.47	4.61	4.09	3.53	3.54
Cash Income Tax Paid	6.64	3.72	13.02	3.93	3.61
Levered Free Cash Flow	-99.14	-60.04	-6	44.45	21.61
Unlevered Free Cash Flow	-96.34	-57.2	-3.4	46.69	23.81
Change in Working Capital	-27.46	-48.38	11.73	21.57	-

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