Vrancart Cash Flow Statement

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

Millions RON. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-45.65	-48.65	-18.27	5.42	22.95	6.35
Depreciation & Amortization	57.8	64.43	48.49	42.99	38.74	35.14
Other Operating Activities	40.44	15.15	25.28	26.29	-14.58	-12.69
Operating Cash Flow	52.59	30.92	55.5	74.71	47.11	28.79
Operating Cash Flow Growth	51.58%	-44.28%	-25.71%	58.56%	63.63%	-56.36%
Capital Expenditures	-3.69	-0.62	-134	-144.41	-87.94	-47.39
Sale of Property, Plant & Equipment	-9.37	-	2.11	4.13	1.35	0.38
Other Investing Activities	1.3	1.31	-0.15	0.01	-1.88	-2
Investing Cash Flow	-11.86	0.68	-132.04	-140.28	-88.47	-49.01
Long-Term Debt Issued	-	56.71	137.26	101.56	154.57	48.47
Long-Term Debt Repaid	-	-81.33	-151.69	-61.33	-98.37	-4.66
Net Debt Issued (Repaid)	-16.37	-24.63	-14.44	40.24	56.2	43.81
Issuance of Common Stock	-	-	31.96	48.89	0.48	16.74
Common Dividends Paid	-	-	-	-11.81	-4.95	-9.84
Other Financing Activities	-12.47	-6.69	58.04	-12.49	-9.17	-33.68
Financing Cash Flow	-28.84	-31.31	75.56	64.83	42.55	17.03
Net Cash Flow	11.89	0.29	-0.98	-0.74	1.2	-3.19
Free Cash Flow	48.9	30.3	-78.51	-69.71	-40.83	-18.6
Free Cash Flow Margin	12.42%	7.28%	-16.13%	-13.91%	-6.72%	-4.10%
Free Cash Flow Per Share	0.02	0.02	-0.04	-0.05	-0.03	-0.02
Cash Interest Paid	14.75	11.91	13.59	12.49	9.17	33.68
Cash Income Tax Paid	4.43	4.43	1.64	2.9	2.56	2.85
Levered Free Cash Flow	47.3	47.72	-102.46	-89.11	-59.78	-28.94
Unlevered Free Cash Flow	54.14	54.7	-96.29	-81.1	-52.64	-26.02