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 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	1,120	1,040	1,242	1,475	4
Depreciation & Amortization	723	946	962	1,331	961
Loss (Gain) From Sale of Assets	-67	-192	-	-	67
Asset Writedown & Restructuring Costs	-	-	25	49	-
Loss (Gain) on Equity Investments	-36	45	-49	-152	-83
Other Operating Activities	-31	132	269	123	1,366
Change in Accounts Receivable	-81	158	68	-221	-602
Change in Inventory	-44	391	-50	-473	-329
Change in Accounts Payable	-85	-324	264	225	111
Change in Other Net Operating Assets	-96	331	-103	714	-443
Operating Cash Flow	1,403	2,527	2,628	3,071	1,052
Operating Cash Flow Growth	-44.48%	-3.84%	-14.42%	191.92%	18.47%
Capital Expenditures	-1,050	-1,377	-1,056	-1,078	-779
Cash Acquisitions	-27	-30	-	-	-
Divestitures	1,028	409	-	-	-
Investment in Securities	-27	-26	77	-48	423
Other Investing Activities	-47	-25	-38	-140	-104
Investing Cash Flow	-123	-1,049	-1,017	-1,266	-460
Long-Term Debt Issued	2,361	2,302	1,904	4,297	6,869
Long-Term Debt Repaid	-2,342	-2,485	-2,566	-4,615	-6,580
Net Debt Issued (Repaid)	19	-183	-662	-318	289
Repurchase of Common Stock	-250	-351	-500	-150	-
Common Dividends Paid	-480	-419	-422	-420	-498
Other Financing Activities	-351	-397	-328	-369	-321
Financing Cash Flow	-1,062	-1,350	-1,912	-1,257	-530
Foreign Exchange Rate Adjustments	-152	81	-48	62	75
Miscellaneous Cash Flow Adjustments	-	-1	-1	-1	-
Net Cash Flow	66	208	-350	609	137
Free Cash Flow	353	1,150	1,572	1,993	273
Free Cash Flow Growth	-69.30%	-26.85%	-21.12%	630.04%	12.81%
Free Cash Flow Margin	1.81%	5.40%	7.57%	7.42%	1.69%
Free Cash Flow Per Share	0.48	1.51	1.98	2.45	0.33
Cash Interest Paid	114	233	159	124	137
Cash Income Tax Paid	877	1,191	1,355	1,087	602
Levered Free Cash Flow	1,591	466.25	1,842	2,183	1,072
Unlevered Free Cash Flow	1,676	594.38	1,950	2,256	1,141
Change in Working Capital	-306	556	179	245	-1,263

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