SMART Tunisie 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 2020	FY 2019	FY 2018
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019	Dec '18 Dec 31, 2018
Net Income	22.13	15.03	11,452	15,616	6,392
Depreciation & Amortization	5.21	3.46	983.09	866.33	1,542
Other Amortization	0.07	-	26.77	-	-
Loss (Gain) From Sale of Assets	-0.29	-0.17	-122.53	-99.78	-39.4
Other Operating Activities	0.09	-0.06	2,033	2,759	-
Change in Accounts Receivable	-10.51	-0.62	15,509	6,867	-8,889
Change in Inventory	-1.24	-11.67	2,425	10,431	-13,473
Change in Accounts Payable	-0.31	8.54	-932.25	-21,761	15,094
Change in Other Net Operating Assets	-2.3	-2.85	2,928	-20,138	-2,573
Operating Cash Flow	12.9	11.66	34,301	-5,460	-1,947
Operating Cash Flow Growth	10.70%	-99.97%	-	-	-
Capital Expenditures	-9.65	-7.66	-10,827	-727.24	-1,152
Sale of Property, Plant & Equipment	0.3	0.36	273.67	465.75	39.4
Investment in Securities	-0.01	0.04	-2,058	3.93	-28.23
Investing Cash Flow	-9.36	-7.25	-12,611	-257.55	-1,141
Long-Term Debt Issued	13.26	9.58	6,800	7,650	503.9
Long-Term Debt Repaid	-5.54	-5.07	-8,647	-825.67	-3,569
Net Debt Issued (Repaid)	7.73	4.51	-1,847	6,824	-3,065
Issuance of Common Stock	0.17	-	-	-	-
Common Dividends Paid	-9.11	-9.11	-10,020	-5,123	-2,077
Other Financing Activities	-0.68	-0.64	-	-	-
Financing Cash Flow	-1.9	-5.24	-11,867	1,701	-5,142
Miscellaneous Cash Flow Adjustments	-	0	-	-	-
Net Cash Flow	1.65	-0.83	9,823	-4,016	-8,230
Free Cash Flow	3.26	4	23,474	-6,187	-3,100
Free Cash Flow Growth	-18.46%	-99.98%	-	-	-
Free Cash Flow Margin	0.66%	0.92%	8.83%	-2.13%	-1.44%
Free Cash Flow Per Share	0.32	0.40	2794.50	-736.52	-369.00
Levered Free Cash Flow	4.84	-	29,645	21,460	-
Unlevered Free Cash Flow	9.23	-	34,105	26,628	-
Change in Working Capital	-14.36	-6.61	19,929	-24,601	-9,842

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