Banca Sistema 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	33.89	25.2	16.51	22.03	23.25	26.15
Depreciation & Amortization	4.19	3.35	3.38	3.16	2.74	1.98
Other Amortization	0.65	0.61	0.55	0.29	-	-
Provision for Credit Losses	4.39	0.91	4.75	8.36	10.65	10.95
Change in Trading Asset Securities	349.76	-554.73	-16.22	-105.73	-18.9	126.82
Change in Other Net Operating Assets	2,212	319.64	100.12	24.67	68.83	-130.34
Other Operating Activities	-2,437	68.51	21.61	8.7	8.02	12.13
Operating Cash Flow	168	-136.5	130.68	-38.51	94.6	47.7
Operating Cash Flow Growth	-	-	-	-	98.33%	369.21%
Capital Expenditures	-6.29	-4.16	-0.23	-0.94	-9.45	-5.48
Cash Acquisitions	-10.58	-10.58	-	-1.12	-	-
Investment in Securities	-	-	-	-	-	-1
Purchase / Sale of Intangibles	-0.44	-0.86	-1.53	-2.35	-1.75	-28.89
Investing Cash Flow	-17.3	-15.59	-1.77	-4.41	-11.21	-35.37
Issuance of Common Stock	0.1	0.25	0.2	-	37.5	-
Repurchase of Common Stock	-	-	-	-0.56	-	-
Common Dividends Paid	-	-5.22	-5.22	-5.77	-13.91	-
Financing Cash Flow	0.1	-4.97	-5.01	-6.33	23.59	-
Net Cash Flow	150.79	-157.06	123.91	-49.25	106.98	12.33
Free Cash Flow	161.71	-140.65	130.45	-39.45	85.14	42.22
Free Cash Flow Growth	-	-	-	-	101.69%	457.37%
Free Cash Flow Margin	117.00%	-117.12%	131.79%	-40.51%	87.48%	45.82%
Free Cash Flow Per Share	-	-1.75	1.63	-0.49	1.06	0.53

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