Befesa S.A. (ETR:BFSA)

Befesa Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	50.82	57.97	106.22	99.75
Depreciation & Amortization	80.86	78.54	66.28	51.46
Other Amortization	2.5	2.13	1.8	1.79
Loss (Gain) From Sale of Assets	-0.82	-23.25	-47.77	-
Asset Writedown & Restructuring Costs	8.34	1.51	2.06	8.9
Other Operating Activities	64.26	31.64	10.61	-1.39
Change in Accounts Receivable	-20.19	44.11	-11.64	-66.77
Change in Inventory	-3.13	1.61	-0.06	-21.26
Change in Accounts Payable	9.17	-46.83	9.83	45.41
Operating Cash Flow	191.82	147.43	137.33	117.9
Operating Cash Flow Growth	30.11%	7.35%	16.48%	27.40%
Capital Expenditures	-74.44	-101.39	-104.19	-75.53
Sale of Property, Plant & Equipment	-	-	0.21	-
Cash Acquisitions	-	13.85	-44.97	-373.69
Sale (Purchase) of Intangibles	-4.12	-3.43	-2.46	-2.16
Investment in Securities	-	0.11	-	1.91
Investing Cash Flow	-78.57	-90.85	-151.4	-449.47
Long-Term Debt Issued	24.01	3.85	24.2	130.37
Long-Term Debt Repaid	-29.7	-24.58	-21.09	-10.41
Net Debt Issued (Repaid)	-5.68	-20.74	3.11	119.96
Issuance of Common Stock	-	-	-	332.26
Common Dividends Paid	-29.2	-50	-50	-46.8
Dividends Paid	-29.2	-50	-50	-46.8
Other Financing Activities	-82.39	-39.6	-	-3.65
Financing Cash Flow	-117.27	-110.34	-46.89	401.77
Foreign Exchange Rate Adjustments	-0.15	-1.3	-1.38	-0.67
Net Cash Flow	-4.17	-55.06	-62.34	69.53
Free Cash Flow	117.38	46.04	33.14	42.37
Free Cash Flow Growth	154.95%	38.91%	-21.79%	5.93%
Free Cash Flow Margin	9.47%	3.90%	2.92%	5.16%
Free Cash Flow Per Share	2.93	1.15	0.83	1.14
Cash Interest Paid	42.39	30.1	21.24	16.87
Cash Income Tax Paid	-4.21	16.57	21.86	15.24
Levered Free Cash Flow	106.25	-50.94	-41.84	114.26
Unlevered Free Cash Flow	131.1	-28.58	-27.58	123.86
Change in Working Capital	-14.14	-1.11	-1.87	-42.61

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