Luka Koper d.d. 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	81.49	60.28	56.39	74.11	31.76
Depreciation & Amortization	31.73	33.55	32.82	31.45	29.79
Other Amortization	-	-	-	0.04	0.04
Loss (Gain) From Sale of Assets	-0.27	-0.35	-0.2	-0.82	-
Asset Writedown & Restructuring Costs	1.16	0.12	0.6	0.24	-
Loss (Gain) on Equity Investments	-1.86	-1.88	-1.78	-1.73	-
Provision & Write-off of Bad Debts	0.26	0.01	-0.5	-0.03	0.4
Other Operating Activities	-4.57	1.2	-13.72	3.44	0.07
Change in Accounts Receivable	-1.91	2.59	0.68	-13.15	-6.1
Change in Inventory	-0.59	-0.41	-0.49	-0.15	-0.06
Change in Unearned Revenue	1.74	4.52	2.55	2.27	4.6
Change in Other Net Operating Assets	-13.98	-21.05	8.46	24.18	0.67
Operating Cash Flow	93.2	78.57	84.81	119.85	61.16
Operating Cash Flow Growth	18.61%	-7.36%	-29.23%	95.95%	-11.59%
Capital Expenditures	-104.2	-49.63	-44.75	-46.7	-59.78
Sale of Property, Plant & Equipment	0.12	0.72	0.71	1.96	-
Cash Acquisitions	-	0.04	-	-	-
Sale (Purchase) of Real Estate	0.11	-	0.03	0	-
Investment in Securities	40.23	30.18	-70.95	0	0.07
Other Investing Activities	6.93	8.35	5.9	3.93	5.06
Investing Cash Flow	-56.8	-10.35	-109.06	-40.81	-54.65
Long-Term Debt Issued	-	-	60	36.1	-
Short-Term Debt Repaid	-15.19	-15.19	-8.34	-32.41	-10.52
Long-Term Debt Repaid	-0.3	-0.37	-5.54	-12.66	-0.42
Total Debt Repaid	-15.49	-15.56	-13.87	-45.07	-10.94
Net Debt Issued (Repaid)	-15.49	-15.56	46.13	-8.97	-10.94
Common Dividends Paid	-29.4	-28	-35	-15.96	-15.96
Financing Cash Flow	-44.89	-43.56	11.13	-24.93	-26.9
Miscellaneous Cash Flow Adjustments	-	-	-	-	0
Net Cash Flow	-8.5	24.67	-13.12	54.11	-20.38
Free Cash Flow	-11	28.94	40.06	73.15	1.38
Free Cash Flow Growth	-	-27.75%	-45.23%	5197.58%	-87.43%
Free Cash Flow Margin	-2.89%	8.77%	12.80%	23.31%	0.60%
Free Cash Flow Per Share	-0.79	2.07	2.86	5.22	0.10
Cash Interest Paid	0.67	1.77	1.71	0.49	0.28
Cash Income Tax Paid	20.05	5.25	16.65	6.74	1.22
Levered Free Cash Flow	1.07	33.68	14.58	45.84	-11.4
Unlevered Free Cash Flow	1.35	34.78	15.63	46.12	-11.22
Change in Working Capital	-14.74	-14.36	11.2	13.15	-0.89

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