BVB:INFINITY 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	138.23	118.66	159.55	189.43	49.87
Depreciation & Amortization	16.07	22.28	16.04	12.19	6.15
Loss (Gain) From Sale of Assets	0.14	-13.78	-0.4	-9.46	-
Asset Writedown & Restructuring Costs	2.82	-	-	-8.32	-13.01
Loss (Gain) From Sale of Investments	-3.64	0.8	-7.06	0.2	-1.1
Other Operating Activities	-20.53	-2.05	-152.72	11.76	7.36
Change in Accounts Receivable	-	-	-	-	16.1
Change in Inventory	43.46	27.59	75.56	-61.83	-44.66
Change in Accounts Payable	-	-	-	-	-11.55
Change in Other Net Operating Assets	132.7	320.72	71.11	6.3	1.42
Operating Cash Flow	189.2	400.18	126.27	94.72	6.18
Operating Cash Flow Growth	-52.72%	216.91%	33.31%	1432.23%	-95.68%
Capital Expenditures	-4.9	-2.55	-5.8	-4.5	-8.01
Sale of Property, Plant & Equipment	15.53	40.01	1.97	-	-
Divestitures	64.55	34.28	-	-	-
Sale (Purchase) of Real Estate	-2.56	-4.8	-19.9	-	-
Investing Cash Flow	72.61	66.95	-23.73	-4.5	-8.01
Long-Term Debt Issued	28.56	156.27	156.05	47.26	9.31
Total Debt Issued	28.56	156.27	156.05	47.26	9.31
Long-Term Debt Repaid	-89.45	-176.86	-235.91	-	-
Total Debt Repaid	-89.45	-176.86	-235.91	-	-
Net Debt Issued (Repaid)	-60.89	-20.59	-79.86	47.26	9.31
Repurchase of Common Stock	-110.88	-117.77	-0.01	-63.3	-
Common Dividends Paid	-0.65	-	-0	-11.87	-19.45
Other Financing Activities	-1.48	-7.71	16.61	-15.62	-11.37
Financing Cash Flow	-173.89	-146.07	-63.26	-43.52	-21.5
Miscellaneous Cash Flow Adjustments	0	-	-	-	-
Net Cash Flow	87.92	321.06	39.28	46.7	-23.33
Free Cash Flow	184.3	397.63	120.47	90.22	-1.83
Free Cash Flow Growth	-53.65%	230.06%	33.53%	-	-
Free Cash Flow Margin	55.73%	75.49%	29.39%	15.08%	-0.60%
Free Cash Flow Per Share	0.44	0.85	0.25	0.18	-0.00
Cash Interest Paid	1.48	3.06	6.08	6.82	1.88
Cash Income Tax Paid	14.21	6.82	4.41	27.85	3
Levered Free Cash Flow	197.56	129.84	77.5	112.43	8.66
Unlevered Free Cash Flow	198.48	131.73	81.28	116.69	10
Change in Working Capital	56.11	274.27	110.87	-101.09	-43.09

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.