S.C. Argus 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	-24.85	-24.45	-63.97	31.84	2.47
Depreciation & Amortization	6.83	7.22	14.01	7.74	3.33
Loss (Gain) From Sale of Assets	-0.82	-1.96	-15.17	-	-
Asset Writedown & Restructuring Costs	-	0.12	-	0.03	0.2
Loss (Gain) From Sale of Investments	-	0.14	-	-	-
Loss (Gain) on Equity Investments	-	-	-	-	-1.38
Provision & Write-off of Bad Debts	-	-	-	-0.09	0.01
Other Operating Activities	1.12	2.71	-1.68	1.48	-0.2
Change in Accounts Receivable	-	-	-	7.68	4.03
Change in Inventory	43.3	25.37	102.87	-64.82	-49.37
Change in Accounts Payable	-7.94	5.47	-2.27	-3.68	-8.76
Change in Other Net Operating Assets	-2.81	8.1	-2.96	-	-
Operating Cash Flow	14.83	22.74	30.83	-19.83	-49.68
Operating Cash Flow Growth	-34.78%	-26.25%	-	-	-
Capital Expenditures	-	-1.41	-0.93	-3.47	-3.13
Sale of Property, Plant & Equipment	-	1.45	23.68	-	-
Investment in Securities	-	-	-	-8.79	-
Other Investing Activities	-	-	-	-	1.38
Investing Cash Flow	-	0.04	22.75	-12.26	-1.75
Long-Term Debt Issued	27.8	156.27	155.42	49.32	34.39
Total Debt Issued	27.8	156.27	155.42	49.32	34.39
Long-Term Debt Repaid	-42.79	-176.61	-233.36	-	-
Total Debt Repaid	-42.79	-176.61	-233.36	-	-
Net Debt Issued (Repaid)	-15	-20.34	-77.95	49.32	34.39
Other Financing Activities	-2.29	-3.13	-5.97	-	-
Financing Cash Flow	-17.29	-23.46	-83.91	49.32	34.39
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-0
Net Cash Flow	-2.45	-0.68	-30.33	17.24	-17.03
Free Cash Flow	14.83	21.33	29.91	-23.3	-52.81
Free Cash Flow Growth	-30.46%	-28.68%	-	-	-
Free Cash Flow Margin	20.36%	9.75%	12.00%	-6.33%	-28.80%
Free Cash Flow Per Share	0.41	0.60	0.84	-0.65	-
Cash Interest Paid	2.29	3.01	5.83	6.82	1.88
Cash Income Tax Paid	0	0	0.39	3.83	-
Levered Free Cash Flow	39.28	25.93	60.63	-40.16	-26.76
Unlevered Free Cash Flow	40.71	27.81	64.27	-35.89	-25.58
Change in Working Capital	32.55	38.95	97.64	-60.82	-54.1

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