BVB:EAI 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	62.99	57.44	37.85	20.07
Depreciation & Amortization	8.77	9.1	7.41	6.65
Other Amortization	1.83	1.3	1.31	1.04
Loss (Gain) From Sale of Assets	-0.05	-	-0.07	-0.17
Provision & Write-off of Bad Debts	0.5	0.93	0.91	2.3
Other Operating Activities	1.34	1.05	-3.28	2.07
Change in Accounts Receivable	-42.15	6.6	-32.34	-32.78
Change in Inventory	-20.97	-7.66	-6.03	-15.82
Change in Accounts Payable	23.03	-45.82	55.08	30.91
Change in Unearned Revenue	-5.64	-10.19	25.73	5.29
Change in Other Net Operating Assets	15.73	17.92	1.01	6.35
Operating Cash Flow	45.37	30.67	87.58	25.91
Operating Cash Flow Growth	75.14%	-64.98%	238.05%	-
Capital Expenditures	-12.68	-29.51	-6.73	-2.57
Sale of Property, Plant & Equipment	0.05	-	0.08	0.17
Sale (Purchase) of Real Estate	-4.52	-8.67	-11.43	-
Investment in Securities	-	-0.25	-	-
Other Investing Activities	-16.05	-5.38	-1.01	-2.12
Investing Cash Flow	-33.71	-43.8	-19.09	-4.52
Long-Term Debt Issued	-	34.68	9.71	37.41
Long-Term Debt Repaid	-	-10.78	-17.98	-40.31
Net Debt Issued (Repaid)	26.06	23.89	-8.27	-2.9
Common Dividends Paid	-5.36	-6.17	-7.54	-0.41
Financing Cash Flow	20.7	17.72	-15.82	-3.31
Miscellaneous Cash Flow Adjustments	-0	-0	-0	-0
Net Cash Flow	32.37	4.59	52.67	18.08
Free Cash Flow	32.7	1.16	80.85	23.34
Free Cash Flow Growth	40.10%	-98.56%	246.43%	-
Free Cash Flow Margin	4.82%	0.18%	18.55%	9.00%
Free Cash Flow Per Share	512.12	18.20	1266.29	365.53
Cash Interest Paid	1.9	1.84	1.19	1.16
Cash Income Tax Paid	7.31	7.18	7.34	0.78
Levered Free Cash Flow	-	-8.79	68.04	-
Unlevered Free Cash Flow	-	-7.57	68.78	-
Change in Working Capital	-30	-39.15	43.44	-6.05

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