BVMT:SFBT Cash Flow Statement

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

Millions TND. 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	289.57	282.95	281.68	257.03	251.03
Depreciation & Amortization	99.37	66.25	60.94	63.5	68.06
Other Amortization	-	1.35	-	-	-
Loss (Gain) From Sale of Assets	-9.27	-14.27	-11.49	-2.47	-1.73
Loss (Gain) on Equity Investments	-0.23	-0.6	-0.64	-0.93	-0.48
Other Operating Activities	4.52	14.3	40.53	35.64	33.21
Change in Accounts Receivable	-41.27	8.64	-5.86	2.03	-22.78
Change in Inventory	19.49	-11.01	-79.29	-64.3	-5.24
Change in Accounts Payable	0.9	55.93	-49.25	61.57	9.19
Change in Other Net Operating Assets	11.12	-8.64	-34.42	0.76	-33.11
Operating Cash Flow	384.74	408.4	216.09	367.06	308.69
Operating Cash Flow Growth	-5.79%	89.00%	-41.13%	18.91%	-14.66%
Capital Expenditures	-98.64	-97.42	-83.61	-70.2	-37.86
Sale of Property, Plant & Equipment	11.24	4.44	6.42	1.62	1.36
Cash Acquisitions	-17.02	-0.12	-17.23	-4.41	-
Sale (Purchase) of Intangibles	-1.59	-1.43	-0.87	-1.72	-0.98
Investment in Securities	120.87	-54.38	-11.28	-95.67	-120.41
Other Investing Activities	0.61	0.64	-	-	-
Investing Cash Flow	15.46	-148.27	-106.57	-170.38	-157.88
Long-Term Debt Issued	37.11	-	0.38	4.93	20.06
Long-Term Debt Repaid	-	-15.07	-	-	-
Net Debt Issued (Repaid)	37.11	-15.07	0.38	4.93	20.06
Issuance of Common Stock	0.01	3.54	1.46	0.42	-
Repurchase of Common Stock	-0.28	-0.19	-	-	-
Common Dividends Paid	-217.43	-198.05	-180.26	-177.31	-176.47
Other Financing Activities	-10.82	-10.24	-6.17	-7.9	-6.6
Financing Cash Flow	-191.41	-220.01	-184.6	-179.86	-163.01
Net Cash Flow	208.79	40.12	-75.07	16.83	-12.2
Free Cash Flow	286.1	310.99	132.48	296.86	270.84
Free Cash Flow Growth	-8.00%	134.74%	-55.37%	9.61%	-0.25%
Free Cash Flow Margin	19.59%	22.20%	9.63%	22.25%	22.54%
Free Cash Flow Per Share	-	1.16	0.49	1.11	1.01
Levered Free Cash Flow	189.81	216.2	-12.79	177.15	170.71
Unlevered Free Cash Flow	196.19	226.66	-3.06	182.66	172.77
Change in Working Capital	-9.76	44.92	-168.82	0.06	-51.94

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