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	-30.56	-33.56	-18.27	5.42	22.95	6.35
Depreciation & Amortization	51.3	57.93	48.49	42.99	38.74	35.14
Other Operating Activities	19.24	-6.05	25.28	26.29	-14.58	-12.69
Operating Cash Flow	39.98	18.32	55.5	74.71	47.11	28.79
Operating Cash Flow Growth	15.24%	-67.00%	-25.71%	58.56%	63.63%	-56.36%
Capital Expenditures	-22.25	-19.18	-134	-144.41	-87.94	-47.39
Sale of Property, Plant & Equipment	18.8	28.17	2.11	4.13	1.35	0.38
Other Investing Activities	0.13	0.13	-0.15	0.01	-1.88	-2
Investing Cash Flow	-5.27	7.27	-132.04	-140.28	-88.47	-49.01
Long-Term Debt Issued	-	65.18	137.26	101.56	154.57	48.47
Long-Term Debt Repaid	-	-83.72	-151.69	-61.33	-98.37	-4.66
Net Debt Issued (Repaid)	-10.28	-18.54	-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	-12.54	-6.75	58.04	-12.49	-9.17	-33.68
Financing Cash Flow	-22.82	-25.29	75.56	64.83	42.55	17.03
Net Cash Flow	11.9	0.29	-0.98	-0.74	1.2	-3.19
Free Cash Flow	17.73	-0.87	-78.51	-69.71	-40.83	-18.6
Free Cash Flow Margin	4.56%	-0.21%	-16.13%	-13.91%	-6.72%	-4.10%
Free Cash Flow Per Share	-	-	-0.04	-0.05	-0.03	-0.02
Cash Interest Paid	10.97	10.97	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	30.21	17.71	-102.46	-89.11	-59.78	-28.94
Unlevered Free Cash Flow	41.37	29.01	-96.29	-81.1	-52.64	-26.02

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