CNTEE Transelectrica Cash Flow Statement

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

Millions RON. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	406.17	580.11	217.45	521.63	1.3	142.67
Depreciation & Amortization	382.47	371.79	340.45	281.22	283.79	274.99
Loss (Gain) on Sale of Assets	-0.24	2.08	0.44	0.73	0.53	0.41
Asset Writedown	-2.82	0.01	18.36	-2.96	-13.56	8.95
Change in Accounts Receivable	-53.02	-1,655	1,171	-354.12	-2,177	-151.4
Change in Inventory	-6.04	6.92	-8.45	-5.21	0.19	-0.51
Change in Accounts Payable	191.19	1,683	-1,210	360.75	2,134	295.23
Change in Unearned Revenue	275.13	43.5	95.96	1.96	14.9	-15.28
Change in Other Net Operating Assets	-0.89	-0.51	8.67	-3.15	-4.53	39.5
Other Operating Activities	-239.79	-169.31	33.17	-302.93	-52.9	16.66
Operating Cash Flow	949.32	855.39	659.04	485.89	199.32	610.27
Operating Cash Flow Growth	15.60%	29.79%	35.64%	143.77%	-67.34%	147.00%
Capital Expenditures	-686.55	-687.11	-439.27	-465.94	-495.32	-377.1
Sale of Property, Plant & Equipment	4.23	3.37	1.8	0.01	-	-
Investment in Securities	-3.75	-	-	-	-	85
Other Investing Activities	51.93	65.26	125.86	14.17	95.86	6.91
Investing Cash Flow	-634.15	-618.47	-311.61	-451.76	-399.47	-285.19
Short-Term Debt Issued	-	1.28	1.37	70.61	-	-
Total Debt Issued	4.4	1.28	1.37	70.61	-	-
Short-Term Debt Repaid	-	-	-67.62	-	-6.16	-24.01
Long-Term Debt Repaid	-	-36.23	-35.18	-35.08	-35.22	-35.25
Total Debt Repaid	-29.55	-36.23	-102.8	-35.08	-41.37	-59.26
Net Debt Issued (Repaid)	-25.14	-34.94	-101.43	35.54	-41.37	-59.26
Common Dividends Paid	-280.66	-21.69	-52.78	-0.64	-63.67	-35.61
Other Financing Activities	0	-	-	-	-	-
Financing Cash Flow	-305.81	-56.64	-154.21	34.9	-105.05	-94.87
Net Cash Flow	9.37	180.27	193.22	69.03	-305.19	230.22
Free Cash Flow	262.77	168.28	219.77	19.94	-296	233.17
Free Cash Flow Growth	9.59%	-23.43%	1002.05%	-	-	2339.31%
Free Cash Flow Margin	4.42%	2.13%	4.65%	0.32%	-7.82%	9.74%
Free Cash Flow Per Share	3.59	2.30	3.00	0.27	-4.04	3.18
Cash Interest Paid	2.21	2.76	3.82	8.09	4.98	7.37
Cash Income Tax Paid	93.47	32.15	36.12	64.55	23.88	47.63
Levered Free Cash Flow	-78.42	14.11	99.87	209.07	-275.46	203.18
Unlevered Free Cash Flow	-72.63	20.37	106.08	215.87	-270.22	209.6
Change in Working Capital	406.36	77.64	57.53	0.22	-31.91	167.55

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.