Galp Energia, SGPS Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,040	1,242	1,475	4
Depreciation & Amortization	946	962	1,331	961
Loss (Gain) From Sale of Assets	-192	-	-	67
Asset Writedown & Restructuring Costs	-	25	49	-
Loss (Gain) on Equity Investments	45	-49	-152	-83
Other Operating Activities	132	269	123	1,366
Change in Accounts Receivable	158	68	-221	-602
Change in Inventory	391	-50	-473	-329
Change in Accounts Payable	-324	264	225	111
Change in Other Net Operating Assets	331	-103	714	-443
Operating Cash Flow	2,527	2,628	3,071	1,052
Operating Cash Flow Growth	-3.84%	-14.42%	191.92%	18.47%
Capital Expenditures	-1,377	-1,056	-1,078	-779
Cash Acquisitions	-30	-	-	-
Divestitures	409	-	-	-
Investment in Securities	-26	77	-48	423
Other Investing Activities	-25	-38	-140	-104
Investing Cash Flow	-1,049	-1,017	-1,266	-460
Long-Term Debt Issued	2,302	1,904	4,297	6,869
Long-Term Debt Repaid	-2,485	-2,566	-4,615	-6,580
Net Debt Issued (Repaid)	-183	-662	-318	289
Repurchase of Common Stock	-351	-500	-150	-
Common Dividends Paid	-419	-422	-420	-498
Other Financing Activities	-397	-328	-369	-321
Financing Cash Flow	-1,350	-1,912	-1,257	-530
Foreign Exchange Rate Adjustments	81	-48	62	75
Miscellaneous Cash Flow Adjustments	-1	-1	-1	-
Net Cash Flow	208	-350	609	137
Free Cash Flow	1,150	1,572	1,993	273
Free Cash Flow Growth	-26.85%	-21.12%	630.04%	12.81%
Free Cash Flow Margin	5.40%	7.57%	7.42%	1.69%
Free Cash Flow Per Share	1.51	1.98	2.45	0.33
Cash Interest Paid	233	159	124	137
Cash Income Tax Paid	1,191	1,355	1,087	602
Levered Free Cash Flow	466.88	1,842	2,183	1,072
Unlevered Free Cash Flow	595	1,950	2,256	1,141
Change in Working Capital	556	179	245	-1,263

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