Comvex Cash Flow Statement

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

Millions RON. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	71.19	78.81	189.72	104.36	32.39	1.17
Depreciation & Amortization	20.01	20.84	22.4	26.25	21.52	11.52
Loss (Gain) From Sale of Assets	0.04	0.04	1.67	0.08	0.12	-0
Loss (Gain) From Sale of Investments	0.27	0.27	-2.36	8.01	0.47	0.05
Other Operating Activities	-47.54	-10.29	0.96	5.22	1.28	0.55
Change in Accounts Receivable	-2.17	-2.17	0.47	-27.2	-7.8	2.66
Change in Inventory	-1.27	-1.27	-11.89	-3.84	-3.56	-0.66
Change in Accounts Payable	-9.64	-9.64	1.38	31.73	-2.35	-10.52
Operating Cash Flow	30.89	76.59	202.35	144.61	42.07	4.77
Operating Cash Flow Growth	-82.88%	-62.15%	39.93%	243.75%	781.04%	-88.30%
Capital Expenditures	-28.7	-39.07	-19.28	-19.96	-12.08	-17.68
Sale of Property, Plant & Equipment	0	0.01	0.63	0.2	0.22	0
Other Investing Activities	10.79	10.6	3.37	0	0	0
Investing Cash Flow	-17.91	-28.45	-15.28	-19.76	-11.86	-17.68
Long-Term Debt Issued	-	12.45	-	9.72	4.95	9.68
Long-Term Debt Repaid	-	-25.48	-28.23	-27.65	-30.19	-3.89
Net Debt Issued (Repaid)	-15.31	-13.03	-28.23	-17.92	-25.24	5.78
Common Dividends Paid	-6.66	-99.88	-154.44	-21.21	-	-
Other Financing Activities	1.1	-1.07	0.19	-0.88	1.83	3.23
Financing Cash Flow	-20.87	-113.98	-182.48	-40.01	-23.41	9.01
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-	-
Net Cash Flow	-7.89	-65.84	4.6	84.84	6.8	-3.89
Free Cash Flow	2.19	37.53	183.07	124.65	29.99	-12.9
Free Cash Flow Growth	-98.57%	-79.50%	46.87%	315.61%	-	-
Free Cash Flow Margin	0.80%	12.82%	40.88%	32.62%	17.67%	-13.77%
Free Cash Flow Per Share	0.19	3.22	15.71	10.69	2.57	-1.11
Cash Interest Paid	6.02	7.05	7.42	4.01	3.99	1.12
Cash Income Tax Paid	11.95	21.92	28.59	16.32	0.13	-
Levered Free Cash Flow	33.24	60.32	123.76	93.67	17.75	-16.49
Unlevered Free Cash Flow	37	64.72	128.39	96.17	20.25	-15.8
Change in Working Capital	-13.08	-13.08	-10.04	0.7	-13.71	-8.52

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