Turism, Hoteluri, Restaurante Marea Neagra S.A. (BVB:EFO)

BVB:EFO Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	12.42	9.75	34.55	-6.46	50.72	4.45
Depreciation & Amortization	0.92	1.53	2.77	9.73	14.14	5.9
Other Operating Activities	-8.41	-5.02	-27.71	-3.62	-64.54	-20.8
Operating Cash Flow	4.94	6.26	9.6	-0.35	0.32	-10.45
Operating Cash Flow Growth	-	-34.78%	-	-	-	-
Sale of Property, Plant & Equipment	38.79	10.04	19.79	0	0.4	18.38
Investment in Securities	0.11	-0.38	-4.89	-8.09	-14.06	-7.58
Other Investing Activities	-0	-	-	-	0.28	0.73
Investing Cash Flow	38.9	9.66	14.9	-8.09	-13.38	11.53
Short-Term Debt Issued	-	-	-	0.85	1.46	1.27
Long-Term Debt Issued	-	29.93	-	-	6	-
Total Debt Issued	63.68	29.93	-	0.85	7.46	1.27
Long-Term Debt Repaid	-	-17.05	-5.38	-2.57	-0.73	-0.16
Total Debt Repaid	-2.54	-17.05	-5.38	-2.57	-0.73	-0.16
Net Debt Issued (Repaid)	61.14	12.88	-5.38	-1.72	6.73	1.11
Repurchase of Common Stock	-	-14.4	-	-	-	-0.25
Common Dividends Paid	-	-	-11.68	-0	-3.78	-12.81
Other Financing Activities	0.31	-21.71	0.23	-0.05	-	-
Financing Cash Flow	68.25	-23.23	-16.84	-1.77	2.95	-11.95
Net Cash Flow	112.09	-7.31	7.67	-10.22	-10.11	-10.86
Free Cash Flow	4.94	6.26	9.6	-0.35	0.32	-10.45
Free Cash Flow Growth	-	-34.78%	-	-	-	-
Free Cash Flow Margin	9.10%	38.95%	35.02%	-0.78%	0.70%	-45.21%
Free Cash Flow Per Share	-	0.02	0.03	-0.00	0.00	-0.02
Cash Interest Paid	0.12	0.55	0.36	0.47	0.19	0
Cash Income Tax Paid	0.86	8.68	13.72	12.16	17.83	-
Levered Free Cash Flow	29.85	-26.8	4.44	9.37	29.77	1.1
Unlevered Free Cash Flow	30.3	-26.46	4.67	9.68	29.9	1.1

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