Sonae, 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	199.22	222.67	357.06	341.55	267.65
Depreciation & Amortization	528.9	444.29	338.59	311.44	300.77
Other Amortization	67.83	57.72	48.18	45.35	38.67
Other Operating Activities	297.07	186.46	-91.6	-74.78	15.72
Operating Cash Flow	1,093	911.13	652.23	623.57	622.82
Operating Cash Flow Growth	19.96%	39.70%	4.60%	0.12%	13.87%
Capital Expenditures	-436.46	-423.97	-396.52	-297.54	-240.98
Sale of Property, Plant & Equipment	17.78	20.45	5.32	3.1	22.87
Cash Acquisitions	-63.61	-915.65	-149.83	-99.26	-206.68
Divestitures	8.09	5.23	-	98.61	622.07
Investment in Securities	-48.02	-34.68	239.17	-7.34	3.14
Other Investing Activities	138.86	119.8	111.51	89.85	111.46
Investing Cash Flow	-386.56	-1,233	-189.62	-220.03	314.83
Long-Term Debt Issued	6,694	4,188	4,146	4,064	4,103
Long-Term Debt Repaid	-7,161	-3,754	-4,465	-4,296	-4,766
Net Debt Issued (Repaid)	-466.87	433.95	-318.63	-232.55	-663.12
Issuance of Common Stock	-	-	0.46	0.71	0.24
Repurchase of Common Stock	-	-5.57	-3.87	-6.59	-76.68
Common Dividends Paid	-166.12	-160.69	-161.7	-169.59	-96.1
Other Financing Activities	-87.85	-59.08	-59.91	-27.29	-31.99
Financing Cash Flow	-720.84	208.61	-543.66	-435.31	-867.64
Foreign Exchange Rate Adjustments	-0.14	0.41	-0.48	-0.08	-0.51
Net Cash Flow	-14.53	-113.17	-81.53	-31.85	69.49
Free Cash Flow	656.56	487.16	255.71	326.03	381.84
Free Cash Flow Growth	34.77%	90.51%	-21.57%	-14.62%	31.29%
Free Cash Flow Margin	5.72%	4.83%	3.01%	4.16%	5.36%
Free Cash Flow Per Share	0.34	0.25	0.13	0.17	0.20
Cash Interest Paid	91.54	103.85	57.81	24.05	31.99
Cash Income Tax Paid	25.31	65.48	54.94	33.12	12.24
Levered Free Cash Flow	366.37	114.98	157.58	241.45	201.13
Unlevered Free Cash Flow	486.79	236.02	245.24	303.76	266.97

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