FRA:NBG6 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	2015 - 2019
Period Ending	Jun '25 Jun 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	2015 - 2019
Net Income	-8.37	-78.52	41.73	69.14	63	77.37	Upgrade
Depreciation & Amortization	246.7	246.22	212.79	0.21	0.3	0.48	Upgrade
Gain (Loss) on Sale of Investments	-107.41	-134.29	-192.32	39.51	-335.65	-143.67	Upgrade
Change in Insurance Reserves / Liabilities	300.33	1,605	1,370	-1,093	2,082	759.81	Upgrade
Change in Other Net Operating Assets	20.07	-239.61	-504.42	-845.99	-206.05	-676.92	Upgrade
Other Operating Activities	-446.16	-1,261	-1,045	1,382	-1,490	-87.22	Upgrade
Operating Cash Flow	5.16	137.55	-116.82	-448.01	114.89	-70.16	Upgrade
Operating Cash Flow Growth	-96.79%	-	-	-	-	-	Upgrade
Capital Expenditures	-5.23	-5.27	-5.65	-11.85	-7.35	-10.97	Upgrade
Sale of Property, Plant & Equipment	0.2	0.38	0.15	0.54	0.13	0.06	Upgrade
Purchase / Sale of Intangible Assets	-14.7	-15.69	-22.26	-25.72	-34.81	-27.41	Upgrade
Investment in Securities	66.9	-224.77	73.51	432.29	207.07	234.31	Upgrade
Other Investing Activities	-0.36	-	0	-	0.26	-	Upgrade
Investing Cash Flow	48.75	-245.69	45.96	405.42	164.18	195.98	Upgrade
Common Dividends Paid	-1.61	-40.32	-40.32	-38.02	-38.02	-38.02	Upgrade
Other Financing Activities	98.02	98.51	-4.05	-5.44	0.47	-5.73	Upgrade
Financing Cash Flow	96.41	58.19	-44.37	-43.46	-37.55	-43.75	Upgrade
Foreign Exchange Rate Adjustments	-0.08	-0.03	-0.02	0.03	0.03	-0.04	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-	-	0	-	Upgrade
Net Cash Flow	150.24	-49.97	-115.25	-86.02	241.56	82.04	Upgrade
Free Cash Flow	-0.07	132.28	-122.47	-459.86	107.54	-81.13	Upgrade
Free Cash Flow Margin	-0.00%	2.70%	-2.66%	-21.73%	1.98%	-2.06%	Upgrade
Free Cash Flow Per Share	-	11.48	-10.63	-39.92	9.34	-7.04	Upgrade
Cash Income Tax Paid	33.31	5.98	-7.4	20.5	10.41	20.48	Upgrade
Levered Free Cash Flow	236.11	397.95	269.7	-144.5	-42.75	-86.11	Upgrade
Unlevered Free Cash Flow	236.11	397.95	269.7	-144.5	-38.91	-85.5	Upgrade
Change in Working Capital	320.4	1,365	865.52	-1,939	1,876	82.89	Upgrade

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