Sonae, 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	222.67	357.06	341.55	267.65
Depreciation & Amortization	444.29	338.59	311.44	300.77
Other Amortization	57.72	48.18	45.35	38.67
Other Operating Activities	186.46	-91.6	-74.78	15.72
Operating Cash Flow	911.13	652.23	623.57	622.82
Operating Cash Flow Growth	39.70%	4.60%	0.12%	13.87%
Capital Expenditures	-423.97	-396.52	-297.54	-240.98
Sale of Property, Plant & Equipment	20.45	5.32	3.1	22.87
Cash Acquisitions	-915.65	-149.83	-99.26	-206.68
Divestitures	5.23	-	98.61	622.07
Investment in Securities	-34.68	239.17	-7.34	3.14
Other Investing Activities	119.8	111.51	89.85	111.46
Investing Cash Flow	-1,233	-189.62	-220.03	314.83
Long-Term Debt Issued	4,188	4,146	4,064	4,103
Long-Term Debt Repaid	-3,754	-4,465	-4,296	-4,766
Net Debt Issued (Repaid)	433.95	-318.63	-232.55	-663.12
Issuance of Common Stock	19.79	0.46	0.71	0.24
Repurchase of Common Stock	-5.57	-3.87	-6.59	-76.68
Common Dividends Paid	-160.69	-161.7	-169.59	-96.1
Other Financing Activities	-78.88	-59.91	-27.29	-31.99
Financing Cash Flow	208.61	-543.66	-435.31	-867.64
Foreign Exchange Rate Adjustments	0.41	-0.48	-0.08	-0.51
Net Cash Flow	-113.17	-81.53	-31.85	69.49
Free Cash Flow	487.16	255.71	326.03	381.84
Free Cash Flow Growth	90.51%	-21.57%	-14.62%	31.29%
Free Cash Flow Margin	4.83%	3.01%	4.16%	5.36%
Free Cash Flow Per Share	0.25	0.13	0.17	0.20
Cash Interest Paid	103.85	57.81	24.05	31.99
Cash Income Tax Paid	65.48	54.94	33.12	12.24
Levered Free Cash Flow	114.98	157.58	241.45	201.13
Unlevered Free Cash Flow	236.02	245.24	303.76	266.97

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