Euro-Cycles S.A (BVMT:ECYCL)

Euro-Cycles S.A Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	2.73	7.75	10.98	4.96	16.63	26.62
Depreciation & Amortization	4.07	4.16	3.61	7.07	5.62	2.73
Other Amortization	0	0	-	-	-	-
Other Operating Activities	-1.91	-1.91	-2.52	-3.88	-1.2	-1.77
Change in Accounts Receivable	6.18	10.46	-13.64	8.65	12.17	5.06
Change in Inventory	9.19	18.87	24.77	44.1	-42.15	-82.05
Change in Accounts Payable	-3.16	-10.23	6.73	-11.33	-46.27	56.35
Change in Other Net Operating Assets	-0.51	0.34	2.06	2.98	3.4	-12.28
Operating Cash Flow	16.59	29.46	31.99	52.54	-51.79	-5.33
Operating Cash Flow Growth	-44.69%	-7.92%	-39.12%	-	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-0.39	-0.26	-1.55	-3.06	-4.57	-6.34
Investment in Securities	-0.02	-0.2	-2.88	0.09	-0.14	-0.02
Investing Cash Flow	-0.41	-0.46	-4.43	-2.97	-4.71	-6.36

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	117.38	109.2	95.17	122.08	89.48
Long-Term Debt Repaid	-	-139.27	-115.08	-137.75	-81.43	-54.17
Net Debt Issued (Repaid)	-20.31	-21.89	-5.88	-42.58	40.65	35.3
Common Dividends Paid	-6.86	-5.88	-2.94	-9.8	-14.88	-13.5
Other Financing Activities	-0.06	-0	-	-0.03	3	-3.04
Financing Cash Flow	-27.23	-27.77	-8.82	-52.41	28.77	18.77

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	-11.05	1.22	18.73	-2.83	-27.72	7.08

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	16.2	29.2	30.44	49.48	-56.35	-11.67
Free Cash Flow Growth	-45.22%	-4.08%	-38.49%	-	-	-
Free Cash Flow Margin	21.49%	29.35%	25.44%	45.31%	-34.91%	-7.92%
Free Cash Flow Per Share	-	2.98	3.11	5.05	-5.75	-1.19
Levered Free Cash Flow	49.94	29.24	30.78	52.83	-57.02	-16.25
Unlevered Free Cash Flow	52.89	32.53	35.22	57.66	-52.86	-15.64

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Change in Working Capital	11.7	19.45	19.92	44.39	-72.84	-32.91

Data Source: S&P Global Market Intelligence Last updated: May 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Oct 4, 2026

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