Biofarm 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	100.63	74.4	77.01	70.92	60.36
Depreciation & Amortization	18.53	17.03	16.96	15.5	13.73
Loss (Gain) From Sale of Assets	-0.68	-0.16	-0.31	-0.05	-0.21
Asset Writedown & Restructuring Costs	-10.82	-0.13	-2.78	-1.92	-0.39
Provision & Write-off of Bad Debts	-	-	-1.72	-0.06	-
Other Operating Activities	-6.28	-2.56	-11.05	-2.82	-3.56
Change in Accounts Receivable	-19.63	-46.37	30.8	-24.58	-3.3
Change in Inventory	-11.23	2.22	-1.65	-29.76	3.43
Change in Other Net Operating Assets	9.99	13.17	-27.43	1.79	-0.87
Operating Cash Flow	80.52	57.59	79.83	29.02	69.18
Operating Cash Flow Growth	39.82%	-27.86%	175.10%	-58.06%	75.10%
Capital Expenditures	-14.67	-23.41	-29.84	-30.13	-21.45
Sale of Property, Plant & Equipment	0.68	0.17	0.32	0.05	0.4
Investment in Securities	7	29	-91	-	21
Other Investing Activities	9.1	7.03	6.88	2.46	0.88
Investing Cash Flow	2.11	12.78	-113.64	-27.62	0.83
Common Dividends Paid	-29.23	-29.19	-28.24	-22.55	-20.69
Financing Cash Flow	-29.23	-29.19	-28.24	-22.55	-20.69
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	53.4	41.18	-62.05	-21.15	49.32
Free Cash Flow	65.86	34.18	49.99	-1.11	47.73
Free Cash Flow Growth	92.70%	-31.63%	-	-	297.13%
Free Cash Flow Margin	20.62%	11.92%	17.83%	-0.40%	19.97%
Free Cash Flow Per Share	0.06	0.03	0.05	-0.00	0.04
Cash Interest Paid	-	-	-	-	0
Cash Income Tax Paid	12.24	11.51	9.25	14.63	13.74
Levered Free Cash Flow	20.32	18.35	36.03	-21.12	40.47
Unlevered Free Cash Flow	20.32	18.35	36.03	-21.12	40.47
Change in Working Capital	-20.86	-30.97	1.72	-52.55	-0.75

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