Galp Energia, SGPS Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	647	1,120	1,040	1,242	1,475	4
Depreciation & Amortization	713	723	946	962	1,331	961
Loss (Gain) From Sale of Assets	63	-67	-192	-	-	67
Asset Writedown & Restructuring Costs	-	-	-	25	49	-
Loss (Gain) on Equity Investments	-25	-36	45	-49	-152	-83
Other Operating Activities	693	-31	132	269	123	1,366
Change in Accounts Receivable	-164	-81	158	68	-221	-602
Change in Inventory	439	-44	391	-50	-473	-329
Change in Accounts Payable	-333	-85	-324	264	225	111
Change in Other Net Operating Assets	23	-96	331	-103	714	-443
Operating Cash Flow	2,056	1,403	2,527	2,628	3,071	1,052
Operating Cash Flow Growth	14.73%	-44.48%	-3.84%	-14.42%	191.92%	18.47%
Capital Expenditures	-974	-1,050	-1,377	-1,056	-1,078	-779
Sale of Property, Plant & Equipment	1.2	-	-	-	-	-
Cash Acquisitions	-27	-27	-30	-	-	-
Divestitures	153	1,028	409	-	-	-
Investment in Securities	-2.2	-27	-26	77	-48	423
Other Investing Activities	-107	-47	-25	-38	-140	-104
Investing Cash Flow	-956	-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)	-577	19	-183	-662	-318	289
Repurchase of Common Stock	-257	-250	-351	-500	-150	-
Common Dividends Paid	-480	-480	-419	-422	-420	-498
Other Financing Activities	-245	-351	-397	-328	-369	-321
Financing Cash Flow	-1,559	-1,062	-1,350	-1,912	-1,257	-530
Foreign Exchange Rate Adjustments	-69	-152	81	-48	62	75
Miscellaneous Cash Flow Adjustments	-	-	-1	-1	-1	-
Net Cash Flow	-528	66	208	-350	609	137
Free Cash Flow	1,082	353	1,150	1,572	1,993	273
Free Cash Flow Growth	147.60%	-69.30%	-26.85%	-21.12%	630.04%	12.81%
Free Cash Flow Margin	5.48%	1.81%	5.40%	7.57%	7.42%	1.69%
Free Cash Flow Per Share	1.47	0.48	1.51	1.98	2.45	0.33
Cash Interest Paid	97	114	233	159	124	137
Cash Income Tax Paid	703	877	1,191	1,355	1,087	602
Levered Free Cash Flow	1,612	1,591	466.25	1,842	2,183	1,072
Unlevered Free Cash Flow	1,692	1,676	594.38	1,950	2,256	1,141
Change in Working Capital	-35	-306	556	179	245	-1,263

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