S.C. Emailul 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	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022
Net Income	0.37	0.61	1.45	2.49	4.4
Depreciation & Amortization	1.49	1.44	1.32	1.38	1.42
Other Operating Activities	-0.74	-2.45	9.25	13.5	2.27
Change in Accounts Receivable	3.14	-0.03	-2.12	4.76	-4.88
Change in Inventory	-2.07	1.67	-0.01	-9.51	-8.26
Change in Accounts Payable	-3.96	1.66	-0.96	-6.52	5.96
Change in Other Net Operating Assets	-6.28	-10.26	-16.56	-2.88	16.39
Operating Cash Flow	-8.04	-7.36	-7.63	3.22	17.29
Operating Cash Flow Growth	-	-	-	-81.38%	-13.45%
Sale (Purchase) of Real Estate	-1.05	-1.6	-1.78	-0.43	-1.38
Other Investing Activities	0.71	1.2	1.09	0.04	0.18
Investing Cash Flow	-0.34	-0.4	-0.69	-0.39	-1.2
Short-Term Debt Issued	14.88	14.76	16.69	16.09	11.37
Total Debt Issued	14.88	14.76	16.69	16.09	11.37
Net Debt Issued (Repaid)	14.88	14.76	16.69	16.09	11.37
Financing Cash Flow	14.88	14.76	16.69	16.09	11.37
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-
Net Cash Flow	6.49	6.99	8.37	18.92	27.46
Cash Income Tax Paid	-	0.1	0.04	0.22	0.56
Levered Free Cash Flow	1.69	4.57	-1.33	-8.27	-2.98
Unlevered Free Cash Flow	2.27	5.2	-0.67	-7.74	-2.83
Change in Working Capital	-9.16	-6.96	-19.66	-14.15	9.21

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.