IAR S.A. (BVB:IARV)

IAR S.A. Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	47.68	31.54	24.07	14.2	23.49
Depreciation & Amortization	3.99	3.7	3.89	4.24	4.12
Loss (Gain) From Sale of Assets	0.01	0.01	-0.05	0.03	0
Other Operating Activities	-5.67	-2.46	36.8	15.25	-26.24
Change in Accounts Receivable	-	-	-	125.58	48.61
Change in Inventory	-	-	-	294.42	222.84
Change in Accounts Payable	-	-	-	253.79	57.82
Change in Other Net Operating Assets	113.26	-200.03	-182.85	-443.53	-325.82
Operating Cash Flow	159.27	-167.24	-118.15	263.98	4.82
Operating Cash Flow Growth	-	-	-	5378.25%	-87.83%
Capital Expenditures	-17.99	-10.67	-10.13	-15.67	-15.45
Sale of Property, Plant & Equipment	1.24	0.58	0.57	0.03	1.47
Other Investing Activities	-	-	-	2.87	-
Investing Cash Flow	-16.75	-10.09	-9.55	-12.76	-13.98
Short-Term Debt Issued	-	42.54	-	-	55.03
Long-Term Debt Issued	-	136.36	-	-	-
Total Debt Issued	-	178.9	-	-	55.03
Short-Term Debt Repaid	-3.43	-	-105.07	-30.29	-
Long-Term Debt Repaid	-136.52	-	-0.31	-0.15	-0.23
Total Debt Repaid	-139.95	-	-105.39	-30.45	-0.23
Net Debt Issued (Repaid)	-139.95	178.9	-105.39	-30.45	54.8
Common Dividends Paid	-5.21	-12.34	-5.98	-5.4	-7.66
Other Financing Activities	-	-2.33	-1.1	-2.38	-2.45
Financing Cash Flow	-145.16	164.23	-112.47	-38.22	44.7
Net Cash Flow	-2.64	-13.1	-240.17	212.99	35.53
Free Cash Flow	141.28	-177.91	-128.27	248.31	-10.63
Free Cash Flow Margin	32.05%	-46.62%	-30.01%	78.72%	-3.25%
Free Cash Flow Per Share	7.73	-9.73	-7.02	13.59	-0.58
Cash Interest Paid	0.14	1.3	-	-	1.5
Cash Income Tax Paid	1.08	18.65	-4.77	-3.23	4.27
Levered Free Cash Flow	172.29	-461.21	-171	227.06	5.56
Unlevered Free Cash Flow	172.37	-460.4	-170.64	229	6.49
Change in Working Capital	113.26	-200.03	-182.85	230.26	3.45

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