SNGN Romgaz 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	3,333	3,206	2,812	2,547	1,915
Depreciation & Amortization	517.19	520.79	256.34	455.21	591.46
Other Amortization	-	-	0.06	0.77	1.63
Loss (Gain) From Sale of Assets	16.18	19.9	6.87	0.45	-0.32
Asset Writedown & Restructuring Costs	162.94	78.92	238.4	116.55	110.53
Loss (Gain) From Sale of Investments	-	-	-	-	0.01
Loss (Gain) on Equity Investments	-8.41	-8.02	-4.87	-2.35	-0.09
Provision & Write-off of Bad Debts	114.66	-38.46	-47.74	55.77	-378.35
Other Operating Activities	-270.12	-1,917	111.2	1,061	3.35
Change in Accounts Receivable	-4.02	609.14	66.15	-276.84	-400.84
Change in Inventory	-61.23	-98.18	-22.57	21.73	-64.91
Change in Accounts Payable	-212.14	280.31	16.2	-526.92	790.35
Operating Cash Flow	3,588	2,653	3,432	3,452	2,568
Operating Cash Flow Growth	35.23%	-22.69%	-0.56%	34.42%	26.07%
Capital Expenditures	-3,637	-2,998	-1,085	-96.5	-91.87
Sale (Purchase) of Intangibles	-4.94	-2.26	-1.56	-	-
Investment in Securities	-2,431	-135.62	-2,395	314.2	1,567
Other Investing Activities	204.31	202.88	344.07	-5,348	-281.84
Investing Cash Flow	-5,869	-2,933	-3,137	-5,130	1,193
Long-Term Debt Issued	2,519	2,474	-	1,606	-
Long-Term Debt Repaid	-329.23	-327.48	-325.73	-160.84	-1.28
Net Debt Issued (Repaid)	2,189	2,146	-325.73	1,446	-1.28
Common Dividends Paid	-604.45	-549.38	-1,318	-1,464	-690.03
Other Financing Activities	-	-	-	-	94.15
Financing Cash Flow	1,585	1,597	-1,643	-18.35	-597.16
Net Cash Flow	-696.1	1,317	-1,349	-1,697	3,163
Free Cash Flow	-49.32	-344.77	2,347	3,355	2,476
Free Cash Flow Growth	-	-	-30.05%	35.51%	25.67%
Free Cash Flow Margin	-0.61%	-4.35%	26.07%	25.11%	42.30%
Free Cash Flow Per Share	-0.01	-0.09	0.61	0.87	0.64
Cash Interest Paid	132.79	38.9	43.18	5.04	0
Cash Income Tax Paid	493.86	2,193	1,782	410.98	233.08
Levered Free Cash Flow	-831.35	-1,101	2,875	3,362	1,790
Unlevered Free Cash Flow	-774.86	-1,058	2,902	3,366	1,790
Change in Working Capital	-277.4	791.27	59.77	-782.02	324.6

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