EBR:CFEB 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	33.54	23.96	22.78	229.41	150.01
Depreciation & Amortization	22.43	21.83	21.35	20.87	20.22
Loss (Gain) From Sale of Assets	-5.29	-1.2	-0.93	-2.92	-2.1
Asset Writedown & Restructuring Costs	-7.98	-2.01	-4.72	-2.04	8.1
Loss (Gain) on Equity Investments	10.07	17.45	16.12	13.64	7.94
Other Operating Activities	0.96	-8.2	-7.61	-198.17	-120.03
Change in Accounts Receivable	6.08	59.14	3.49	-40.9	-22.87
Change in Inventory	30.64	15.41	-12.62	-8.56	-12.99
Change in Accounts Payable	23.21	-38.09	37.61	58.57	5.82
Change in Other Net Operating Assets	-0.35	-2.99	-75.21	-	-
Operating Cash Flow	113.33	85.31	0.25	69.89	34.09
Operating Cash Flow Growth	32.85%	34159.04%	-99.64%	105.03%	-91.85%
Capital Expenditures	-7.63	-10.85	-19.7	-18.57	-14.56
Sale of Property, Plant & Equipment	7.57	2.35	3.01	2.91	3.37
Cash Acquisitions	-	-	-	-	-2.24
Divestitures	-	0.55	-	8.2	-
Investment in Securities	-1.15	2.77	-1.55	-	-5.75
Other Investing Activities	-2.13	-3.27	7.2	-15.66	1.37
Investing Cash Flow	-3.34	-8.45	-11.04	-23.13	-17.81
Long-Term Debt Issued	-	44.6	86.33	15.01	33.48
Long-Term Debt Repaid	-72.94	-92.24	-38	-104.82	-33.51
Net Debt Issued (Repaid)	-72.94	-47.64	48.33	-89.81	-0.03
Repurchase of Common Stock	-1.41	-	-0.84	-11.69	-
Common Dividends Paid	-9.92	-9.92	-9.97	-	-4.89
Other Financing Activities	-0.61	-0.49	-2.05	38.92	-5.33
Financing Cash Flow	-84.87	-58.05	35.48	-62.57	-10.25
Foreign Exchange Rate Adjustments	0.7	0.61	2.25	-0.64	-0.2
Net Cash Flow	25.81	19.42	26.94	-16.44	5.83
Free Cash Flow	105.7	74.46	-19.45	51.32	19.53
Free Cash Flow Growth	41.95%	-	-	162.75%	-95.19%
Free Cash Flow Margin	10.15%	6.30%	-1.56%	4.34%	1.74%
Free Cash Flow Per Share	4.28	3.00	-0.78	2.05	0.77
Cash Interest Paid	11.02	15.39	11.04	6.08	6.77
Cash Income Tax Paid	9.9	12.86	8.38	9.66	13.22
Levered Free Cash Flow	104.55	53.63	31.85	1,874	-2,386
Unlevered Free Cash Flow	111.44	63.25	38.75	1,878	-2,382
Change in Working Capital	59.59	33.47	-46.74	9.1	-30.05

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