Societatea Energetica Electrica S.A. (BVB:EL)
Romania · Delayed Price · Currency is RON 51.40
+0.60 (1.18%)
At close: Sep 2, 2026
BVB:EL Cash Flow Statement
Financials in millions RON. Fiscal year is January - December.
Millions RON. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 1,082 | 1,045 | 457.17 | 772.22 | -240.35 | -552.88 |
Depreciation & Amortization | 838.41 | 827.82 | 790.78 | 518.31 | 492.42 | 476.29 |
Other Amortization | 18.5 | 18.5 | 13.05 | 6.17 | 3.96 | 4.54 |
Loss (Gain) on Sale of Assets | 9.14 | 9.12 | 1.9 | - | -0.39 | 3.3 |
Loss (Gain) on Equity Investments | - | - | 0.01 | 0.04 | 0.01 | 0 |
Asset Writedown | -0.26 | - | -1.9 | - | -0.01 | -3.94 |
Change in Accounts Receivable | 197.15 | -442.33 | -1,529 | -309.16 | -1,287 | -391.4 |
Change in Inventory | 6.99 | 20.21 | 3.76 | -1.69 | -41.01 | -2.89 |
Change in Accounts Payable | -127.93 | 233.68 | -112.24 | 244.36 | 494.61 | 274.83 |
Change in Unearned Revenue | -1.64 | -4.08 | -1.21 | -16.91 | 15.09 | 4.03 |
Change in Other Net Operating Assets | 368.71 | -190.41 | 1,168 | -1,218 | -712.01 | 10.55 |
Other Operating Activities | 29.8 | 35.83 | -191.68 | 96.47 | -18.14 | -88.23 |
Operating Cash Flow | 2,458 | 1,597 | 700.64 | 168.27 | -1,181 | -194.35 |
Operating Cash Flow Growth | 113.72% | 127.97% | 316.38% | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -77.26 | -72.61 | -149.17 | -10.39 | -8.3 | -10.49 |
Sale of Property, Plant & Equipment | 0.12 | 0.15 | - | 0.23 | 0.61 | 1.47 |
Cash Acquisitions | 0.44 | - | -15.82 | -8.23 | -4.45 | - |
Sale (Purchase) of Intangibles | -823.2 | -906.52 | -1,102 | -866.64 | -545.61 | -490.11 |
Investment in Securities | -2,180 | -2,117 | - | -4.15 | -0 | -25.81 |
Other Investing Activities | -264.07 | 44.86 | 12.11 | 3.27 | 2.85 | 321.77 |
Investing Cash Flow | -3,344 | -3,052 | -1,255 | -885.91 | -554.9 | -203.18 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Short-Term Debt Issued | - | - | 82.25 | 271.94 | 1,900 | - |
Long-Term Debt Issued | - | 4,054 | 1,635 | 742.66 | 217.56 | 234.69 |
Total Debt Issued | 2,821 | 4,054 | 1,718 | 1,015 | 2,118 | 234.69 |
Short-Term Debt Repaid | - | -138.15 | - | - | - | - |
Long-Term Debt Repaid | - | -822.9 | -1,046 | -214.49 | -117.09 | -401.08 |
Lease Payments | -19.2 | -22.25 | -27.18 | -26.76 | -24.16 | -15.23 |
Total Debt Repaid | -803.88 | -961.06 | -1,046 | -214.49 | -117.09 | -401.08 |
Net Debt Issued (Repaid) | 2,017 | 3,093 | 671.64 | 800.11 | 2,001 | -166.39 |
Common Dividends Paid | -100.23 | -59.92 | -39.98 | -40.14 | -152.29 | -247.62 |
Other Financing Activities | 0 | - | - | - | - | - |
Financing Cash Flow | 1,917 | 3,033 | 631.66 | 759.97 | 1,849 | -414 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Miscellaneous Cash Flow Adjustments | - | - | - | - | 627.4 | - |
Net Cash Flow | 1,032 | 1,578 | 77.24 | 42.33 | 740.46 | -811.54 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 2,381 | 1,525 | 551.47 | 157.88 | -1,189 | -204.84 |
Free Cash Flow Growth | 131.07% | 176.47% | 249.30% | - | - | - |
Free Cash Flow After Leases | 2,362 | 1,502 | 524.29 | 131.12 | -1,213 | -220.07 |
Free Cash Flow After Leases Growth | 134.63% | 186.56% | 299.87% | - | - | - |
Free Cash Flow Margin | 19.54% | 12.64% | 5.18% | 1.20% | -9.36% | -2.82% |
Free Cash Flow Per Share | 7.08 | 4.49 | 1.62 | 0.47 | -3.50 | -0.60 |
Levered Free Cash Flow | 1,238 | 396.59 | -570.87 | -719.14 | -1,603 | -110.62 |
Unlevered Free Cash Flow | 1,542 | 637.02 | -397.41 | -543.85 | -1,504 | -95.55 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 317.95 | 330.67 | 294.91 | 278.46 | 149.4 | 24.11 |
Cash Income Tax Paid | 196.07 | 147.34 | 147.32 | 58.99 | 1.23 | 31.37 |
Change in Working Capital | 443.29 | -382.92 | -471.06 | -1,301 | -1,530 | -104.89 |