Sonae, SGPS Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	277.26	222.67	357.06	341.55	267.65	70.94
Depreciation & Amortization	477.37	444.29	338.59	311.44	300.77	301.01
Other Amortization	104.36	57.72	48.18	45.35	38.67	41.21
Other Operating Activities	225.74	186.46	-91.6	-74.78	15.72	133.81
Operating Cash Flow	1,084	911.13	652.23	623.57	622.82	546.98
Operating Cash Flow Growth	25.66%	39.70%	4.60%	0.12%	13.87%	-10.10%
Capital Expenditures	-440.34	-423.97	-396.52	-297.54	-240.98	-256.14
Sale of Property, Plant & Equipment	12.4	20.45	5.32	3.1	22.87	55.19
Cash Acquisitions	-915.65	-915.65	-149.83	-99.26	-206.68	-83.59
Divestitures	5.23	5.23	-	98.61	622.07	246.04
Investment in Securities	821.53	-34.68	239.17	-7.34	3.14	-123.71
Other Investing Activities	120.32	119.8	111.51	89.85	111.46	16.2
Investing Cash Flow	-410.87	-1,233	-189.62	-220.03	314.83	-147.48
Long-Term Debt Issued	-	4,188	4,146	4,064	4,103	5,702
Long-Term Debt Repaid	-	-3,754	-4,465	-4,296	-4,766	-5,781
Net Debt Issued (Repaid)	-440.33	433.95	-318.63	-232.55	-663.12	-78.91
Issuance of Common Stock	19.79	19.79	0.46	0.71	0.24	19.19
Repurchase of Common Stock	-5.57	-5.57	-3.87	-6.59	-76.68	-3.27
Common Dividends Paid	-164.87	-160.69	-161.7	-169.59	-96.1	-175.47
Other Financing Activities	-100.31	-78.88	-59.91	-27.29	-31.99	-31.93
Financing Cash Flow	-691.28	208.61	-543.66	-435.31	-867.64	-270.39
Foreign Exchange Rate Adjustments	-0.12	0.41	-0.48	-0.08	-0.51	0.2
Net Cash Flow	-17.81	-113.17	-81.53	-31.85	69.49	129.31
Free Cash Flow	644.12	487.16	255.71	326.03	381.84	290.84
Free Cash Flow Growth	51.44%	90.51%	-21.57%	-14.62%	31.29%	-0.57%
Free Cash Flow Margin	5.72%	4.83%	3.01%	4.16%	5.36%	4.29%
Free Cash Flow Per Share	0.33	0.25	0.13	0.17	0.20	0.15
Cash Interest Paid	104.05	103.85	57.81	24.05	31.99	31.93
Cash Income Tax Paid	65.48	65.48	54.94	33.12	12.24	2.42
Levered Free Cash Flow	272.48	114.98	157.58	241.45	201.13	935.57
Unlevered Free Cash Flow	394.78	236.02	245.24	303.76	266.97	1,000

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.