bpost NV/SA Cash Flow Statement

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

Millions EUR. 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	51	-205.1	65.7	232.5	250.9
Depreciation & Amortization	323	324.8	288	258.7	237.6
Other Amortization	-	28.3	29	30.6	31
Loss (Gain) From Sale of Assets	-	0.5	-3.1	-1.6	-28.9
Asset Writedown & Restructuring Costs	-	299	-	-	-1
Provision & Write-off of Bad Debts	-	-0.9	-2.3	19.4	3.3
Other Operating Activities	104.8	51.5	41.5	-23.3	11.4
Change in Accounts Receivable	-	254.7	-43.4	-40.4	-114.5
Change in Inventory	-	1.1	-0.9	1.4	-0.2
Change in Accounts Payable	-	-211.6	-80.8	-61.6	46.7
Change in Other Net Operating Assets	-	-7.4	82.5	6.7	-38.1
Operating Cash Flow	478.8	534.9	376.2	422.4	398.2
Operating Cash Flow Growth	-10.49%	42.19%	-10.94%	6.08%	-30.30%
Capital Expenditures	-147	-126.9	-140.8	-146.1	-147.5
Sale of Property, Plant & Equipment	-	1.9	4	11.2	21.9
Cash Acquisitions	-	-1,278	-1.7	-12.8	-1.3
Divestitures	-	-	-	121.9	6.5
Sale (Purchase) of Intangibles	-	-18.7	-13.9	-18.3	-24.6
Investment in Securities	-	-	-	-0.1	-
Other Investing Activities	4.3	-	-	25	-
Investing Cash Flow	-142.7	-1,422	-152.4	-19.2	-145
Long-Term Debt Issued	-	995.6	-	-	60
Long-Term Debt Repaid	-	-202.6	-330.7	-200.1	-356.5
Net Debt Issued (Repaid)	-	793	-330.7	-200.1	-296.5
Common Dividends Paid	-	-26.1	-80	-98	-
Other Financing Activities	256.5	-8.3	-18	36	-12.6
Financing Cash Flow	256.5	758.6	-428.7	-262.1	-309.1
Foreign Exchange Rate Adjustments	-	11	-6.3	2	16.9
Miscellaneous Cash Flow Adjustments	-	-	-0.1	-	-1.6
Net Cash Flow	592.6	-117.5	-211.3	143.1	-40.6
Free Cash Flow	331.8	408	235.4	276.3	250.7
Free Cash Flow Growth	-18.68%	73.32%	-14.80%	10.21%	-45.82%
Free Cash Flow Margin	7.40%	9.43%	5.53%	6.32%	5.85%
Free Cash Flow Per Share	-	2.04	1.18	1.38	1.25
Cash Interest Paid	-	17	17.5	13.5	12.6
Cash Income Tax Paid	-	18.1	42.8	54.3	81.6
Levered Free Cash Flow	-3.74	347.09	234.54	395.99	188.44
Unlevered Free Cash Flow	69.64	378.46	257.79	413.74	202.88
Change in Working Capital	-	36.8	-42.6	-93.9	-106.1

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.