Lion Capital 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	488.12	152.12	432.82	93.54	415.16
Depreciation & Amortization	1.05	0.92	0.91	0.97	0.74
Loss (Gain) From Sale of Assets	-209.4	46.19	-	41.16	-220.69
Asset Writedown & Restructuring Costs	-	-	-	-0.35	-0.49
Loss (Gain) From Sale of Investments	-51.54	-26.28	-311.11	5.35	-64.64
Other Operating Activities	-248.96	-190.88	-144.73	-152.94	-143.2
Change in Other Net Operating Assets	6.82	15.72	-9.26	26.77	-22.37
Operating Cash Flow	-13.91	-2.21	-31.37	14.51	-35.49
Capital Expenditures	-0.42	-0.79	-0.34	-2.07	-6.09
Sale of Property, Plant & Equipment	0.01	2.09	0.46	0	0.93
Investment in Securities	-117.68	34.08	302.45	-371.19	23.14
Other Investing Activities	227.52	185.21	129.65	148.26	122.36
Investing Cash Flow	109.42	220.59	432.22	-225	140.34
Long-Term Debt Issued	1.6	-	-	-	-
Long-Term Debt Repaid	-	-0.05	-16.53	-0.02	-0.13
Net Debt Issued (Repaid)	1.6	-0.05	-16.53	-0.02	-0.13
Repurchase of Common Stock	-3.85	-7.31	-4.77	-	-24.11
Common Dividends Paid	-0.04	-0.08	-0.16	-19.2	-0
Other Financing Activities	-0	-	-	-	-
Financing Cash Flow	-2.29	-7.44	-21.47	-19.23	-24.24
Miscellaneous Cash Flow Adjustments	-	-0	-0.04	-	-
Net Cash Flow	93.22	210.93	379.34	-229.72	80.61
Free Cash Flow	-14.34	-3	-31.71	12.44	-41.58
Free Cash Flow Margin	-2.49%	-1.34%	-6.52%	8.65%	-8.85%
Free Cash Flow Per Share	-0.03	-0.01	-0.06	0.03	-0.08
Cash Income Tax Paid	12.48	16.19	27.99	6.78	32.9
Levered Free Cash Flow	336.43	80.02	220.71	181.75	130.99
Unlevered Free Cash Flow	336.43	80.02	220.84	182.02	131.26
Change in Working Capital	6.82	15.72	-9.26	26.77	-22.37

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