Solvay 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	30	223	2,093	1,905	948
Depreciation & Amortization	317	309	844	891	842
Other Amortization	-	7	54	63	65
Asset Writedown & Restructuring Costs	87	46	96	-31	8
Loss (Gain) From Sale of Investments	-	-	-	-	-66
Loss (Gain) on Equity Investments	-39	-38	-71	-171	-158
Other Operating Activities	383	292	-723	253	255
Change in Accounts Receivable	-	3	122	-193	-459
Change in Inventory	-	18	215	-300	-427
Change in Accounts Payable	-	17	-495	115	775
Change in Other Net Operating Assets	-96	-262	-224	-526	-284
Operating Cash Flow	682	615	1,911	2,006	1,499
Operating Cash Flow Growth	10.89%	-67.82%	-4.74%	33.82%	20.69%
Capital Expenditures	-191	-272	-967	-815	-561
Sale of Property, Plant & Equipment	18	11	7	21	30
Cash Acquisitions	-	-	-2	-	-22
Divestitures	5	1	-718	94	169
Sale (Purchase) of Intangibles	-29	-13	-97	-94	-75
Investment in Securities	-	-10	-12	-14	-20
Other Investing Activities	-3	2	-3	-23	9
Investing Cash Flow	-200	-281	-1,792	-831	-470
Long-Term Debt Issued	342	1,683	3,221	248	248
Long-Term Debt Repaid	-445	-1,806	-1,612	-909	-713
Net Debt Issued (Repaid)	-103	-123	1,609	-661	-465
Issuance of Common Stock	-	-	39	7	42
Repurchase of Common Stock	-12	-17	-1,309	-	-
Common Dividends Paid	-254	-260	-519	-499	-506
Other Financing Activities	-99	36	-275	-38	-175
Financing Cash Flow	-468	-364	-455	-1,191	-1,104
Foreign Exchange Rate Adjustments	-16	-15	-13	7	7
Miscellaneous Cash Flow Adjustments	-1	-	-	-	-
Net Cash Flow	-3	-45	-349	-9	-68
Free Cash Flow	491	343	944	1,191	938
Free Cash Flow Growth	43.15%	-63.67%	-20.74%	26.97%	19.04%
Free Cash Flow Margin	10.35%	6.69%	15.67%	14.93%	8.20%
Free Cash Flow Per Share	4.65	3.23	9.06	11.44	9.04
Cash Interest Paid	-	-	-	62	95
Cash Income Tax Paid	55	109	434	305	233
Levered Free Cash Flow	336.88	213.88	920.88	-245.38	2,145
Unlevered Free Cash Flow	398.75	280.75	961.5	-218.5	2,207
Change in Working Capital	-96	-224	-382	-904	-395

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