BVB:IMP 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	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	74.75	58.68	16.32	85.62	78.8
Depreciation & Amortization	4.95	3.88	5.25	3.19	0.79
Loss (Gain) From Sale of Assets	-	-	2	-0.66	8.46
Asset Writedown & Restructuring Costs	-64.3	-29.7	-37.68	-69.9	-89.2
Stock-Based Compensation	-	-	-	1.02	-
Provision & Write-off of Bad Debts	2.07	2.31	-1.71	-	-
Other Operating Activities	25.5	21.62	33.95	11.46	13.42
Change in Accounts Receivable	24.14	-15.3	13.06	-11.25	-9.5
Change in Inventory	86.3	131.75	2.25	-80.69	-107.08
Change in Accounts Payable	-12.41	-24.02	-13.15	13.07	51.51
Change in Other Net Operating Assets	0.7	1.98	10.09	-1.16	0.56
Operating Cash Flow	141.69	151.2	30.38	-49.31	-52.24
Operating Cash Flow Growth	-6.29%	397.66%	-	-	-
Capital Expenditures	-1.93	-1.83	-23.69	-40.58	-38.9
Sale of Property, Plant & Equipment	1.91	2.3	-	0.82	0.18
Cash Acquisitions	-	-	-	-5.13	-
Sale (Purchase) of Real Estate	-7.2	-0.75	0.07	-9.75	0.46
Other Investing Activities	-	-	-	0.37	-
Investing Cash Flow	-7.21	-0.29	-23.63	-54.27	-38.26
Long-Term Debt Issued	106.04	102.54	225.1	483.54	197.27
Long-Term Debt Repaid	-254.65	-199.57	-202.91	-422.83	-117.14
Net Debt Issued (Repaid)	-148.61	-97.02	22.19	60.71	80.13
Issuance of Common Stock	-	-	-	77.73	-
Repurchase of Common Stock	-	-	-	-1.46	-
Common Dividends Paid	-2.43	-2.66	-3.43	-0.01	-
Other Financing Activities	-15.01	-30.55	-29.33	-20.31	-6.62
Financing Cash Flow	-166.05	-130.23	-10.57	116.66	73.51
Net Cash Flow	-31.57	20.68	-3.82	13.07	-16.98
Free Cash Flow	139.76	149.37	6.69	-89.89	-91.14
Free Cash Flow Growth	-6.43%	2133.37%	-	-	-
Free Cash Flow Margin	42.22%	48.46%	3.91%	-41.01%	-66.24%
Free Cash Flow Per Share	1.18	1.26	0.06	-0.78	-0.81
Cash Interest Paid	15.01	30.55	29.33	20.31	6.62
Cash Income Tax Paid	13.22	3.67	3.62	6.82	5.12
Levered Free Cash Flow	133.56	97.37	58.24	-102.67	-104.84
Unlevered Free Cash Flow	143.92	116.4	72.01	-99.46	-103.14
Change in Working Capital	98.73	94.42	12.25	-80.03	-64.51

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