Proximus 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	398	447	357	450	443
Depreciation & Amortization	911	844	803	817	838
Other Amortization	415	415	382	362	345
Loss (Gain) From Sale of Assets	-299	33	-6	-4	-1
Asset Writedown & Restructuring Costs	276	2	-	-	2
Loss (Gain) From Sale of Investments	-	-78	9	-	-
Loss (Gain) on Equity Investments	17	18	30	20	10
Other Operating Activities	1	-17	56	-44	-2
Change in Accounts Receivable	-44	-24	74	-62	11
Change in Inventory	23	12	28	-55	-26
Change in Accounts Payable	5	-5	10	52	144
Change in Other Net Operating Assets	-88	-45	-123	181	-143
Operating Cash Flow	1,615	1,602	1,620	1,717	1,621
Operating Cash Flow Growth	0.81%	-1.11%	-5.65%	5.92%	7.00%
Capital Expenditures	-1,316	-1,474	-1,453	-1,441	-1,137
Sale of Property, Plant & Equipment	66	-	33	13	6
Cash Acquisitions	-60	-737	-	-33	-130
Divestitures	384	-	-	-	-
Investment in Securities	-18	-17	-90	-	-44
Other Investing Activities	-73	-	-	-	-
Investing Cash Flow	-1,017	-2,228	-1,510	-1,461	-1,305
Short-Term Debt Issued	4	-	-	-	-
Long-Term Debt Issued	738	714	1,238	542	980
Total Debt Issued	742	714	1,238	542	980
Short-Term Debt Repaid	-	-4	-475	-	-
Long-Term Debt Repaid	-1,124	-725	-203	-359	-742
Total Debt Repaid	-1,124	-729	-678	-359	-742
Net Debt Issued (Repaid)	-382	-15	560	183	238
Issuance of Common Stock	4	783	2	-	2
Repurchase of Common Stock	-	-	-	-5	-1
Common Dividends Paid	-189	-360	-387	-387	-388
Other Financing Activities	49	-3	132	2	-230
Financing Cash Flow	-518	405	307	-207	-379
Foreign Exchange Rate Adjustments	-11	2	-1	1	1
Miscellaneous Cash Flow Adjustments	-1	-	1	-	-
Net Cash Flow	68	-219	417	50	-62
Free Cash Flow	299	128	167	276	484
Free Cash Flow Growth	133.59%	-23.35%	-39.49%	-42.98%	13.61%
Free Cash Flow Margin	4.79%	2.01%	2.79%	4.71%	8.74%
Free Cash Flow Per Share	0.93	0.40	0.52	0.86	1.50
Cash Interest Paid	152	146	111	51	46
Cash Income Tax Paid	92	108	49	4	198
Levered Free Cash Flow	250.38	54.13	161.25	61	635
Unlevered Free Cash Flow	362.88	166.63	232.5	95.38	665.63
Change in Working Capital	-104	-62	-11	116	-14

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