Immobel 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	48.45	-93.7	-38.42	10.72	92.15
Depreciation & Amortization	3.25	3.58	4.37	6.16	4.69
Loss (Gain) From Sale of Assets	-14.85	-	-	-	-
Asset Writedown & Restructuring Costs	-	5.64	20.53	43.79	-
Provision & Write-off of Bad Debts	-	-	0.01	0.13	-0.11
Other Operating Activities	1.06	98.31	7.81	-67.67	-43.68
Change in Accounts Receivable	8.98	1.21	13.08	96.33	-63.25
Change in Inventory	142.4	97.24	-135.73	-183.64	-15.01
Change in Accounts Payable	-33.53	-61.88	12.43	44.35	15.53
Change in Other Net Operating Assets	1.78	4.56	-9.43	-30.23	2.36
Operating Cash Flow	157.54	54.96	-125.36	-80.05	-7.33
Operating Cash Flow Growth	186.66%	-	-	-	-
Capital Expenditures	-0.31	-0.6	-2.61	-4.76	-8.85
Sale of Property, Plant & Equipment	18.02	0.3	0.37	0.05	4.21
Divestitures	-	0.26	-	-	-
Investment in Securities	5.25	3.31	-37	43.45	40.95
Other Investing Activities	4.7	12.45	22.24	47.99	13.02
Investing Cash Flow	27.66	15.72	-17	86.72	49.32
Long-Term Debt Issued	16.67	208.32	194.7	405.47	258.11
Long-Term Debt Repaid	-222.53	-189.14	-132.22	-369.66	-143.57
Net Debt Issued (Repaid)	-205.86	19.18	62.48	35.81	114.55
Issuance of Common Stock	-	-	-	0.12	16.42
Common Dividends Paid	-	-5.55	-30.41	-30.41	-28.91
Other Financing Activities	-35.8	-34.59	-33.55	-13.85	-18.73
Financing Cash Flow	-241.66	-20.95	-1.48	-8.33	83.32
Miscellaneous Cash Flow Adjustments	-	-	-	4.21	-0
Net Cash Flow	-56.46	49.72	-143.85	2.55	125.32
Free Cash Flow	157.23	54.36	-127.97	-84.81	-16.17
Free Cash Flow Growth	189.26%	-	-	-	-
Free Cash Flow Margin	47.09%	14.40%	-81.84%	-35.89%	-4.16%
Free Cash Flow Per Share	15.15	5.41	-12.84	-8.50	-1.62
Cash Interest Paid	37.37	34.59	33.55	19.73	15.46
Cash Income Tax Paid	3.37	-0.96	14.22	8.33	6.25
Levered Free Cash Flow	130.16	37.38	-138.29	-162.97	16.78
Unlevered Free Cash Flow	139.71	48.16	-132.12	-160.3	20.91
Change in Working Capital	119.63	41.13	-119.65	-73.18	-60.38

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