Aegean Airlines 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	145.94	129.94	169.97	108	4.91	-227.91
Depreciation & Amortization	194.3	174.6	150.95	125.93	148.35	144.49
Other Amortization	3.59	3.59	2.59	1.75	1.6	1.66
Loss (Gain) From Sale of Assets	-52.49	-52.49	-17.84	-32.85	-23.36	26.94
Provision & Write-off of Bad Debts	-0.2	-0.2	-2.71	0.52	0.66	0.72
Other Operating Activities	52.82	110.92	67.8	52.26	62.64	-69.78
Change in Accounts Receivable	-131.56	-131.56	-13.34	-3.04	-39.54	32.37
Change in Inventory	-7.5	-7.5	-6.98	-10.95	-2.75	-1.94
Change in Other Net Operating Assets	161.05	161.05	83.31	108.61	58.95	-10.88
Operating Cash Flow	365.94	388.34	433.76	350.24	211.46	-104.34
Operating Cash Flow Growth	2.43%	-10.47%	23.85%	65.63%	-	-
Capital Expenditures	-118.98	-118.98	-155.48	-124.09	-23.5	-56.89
Sale of Property, Plant & Equipment	44.25	44.25	0.71	0.24	0.04	-
Cash Acquisitions	-	-	-	-	-0.77	-
Divestitures	0.75	0.75	-	-	-	-
Investment in Securities	-107.35	-107.35	-76.86	-43.18	-0.55	-0.96
Other Investing Activities	-32.43	19.27	12.08	3.23	0.39	1.17
Investing Cash Flow	-213.76	-162.06	-219.54	-163.8	-24.4	-56.68
Long-Term Debt Issued	-	13	21.6	-	92	242
Long-Term Debt Repaid	-	-129.5	-170.98	-208.56	-366.06	-134.97
Net Debt Issued (Repaid)	-116.5	-116.5	-149.38	-208.56	-274.06	107.03
Issuance of Common Stock	-	-	-	-	60	-
Repurchase of Common Stock	-8.5	-8.5	-0.09	-	-	-
Common Dividends Paid	-67.64	-67.64	-	-	-	-
Other Financing Activities	293.78	-37.52	57.4	46.33	27.47	7.44
Financing Cash Flow	101.14	-230.16	-92.07	-162.23	-186.59	114.47
Foreign Exchange Rate Adjustments	-37.42	3.78	-7.92	-4.51	5.04	-12.75
Miscellaneous Cash Flow Adjustments	-	-	-0.8	-	-	-0
Net Cash Flow	215.9	-0.1	113.43	19.7	5.52	-59.3
Free Cash Flow	246.96	269.36	278.28	226.15	187.96	-161.22
Free Cash Flow Growth	22.39%	-3.21%	23.05%	20.32%	-	-
Free Cash Flow Margin	13.28%	14.92%	16.14%	16.37%	27.32%	-37.10%
Free Cash Flow Per Share	2.75	3.00	3.09	2.37	2.30	-2.26
Cash Interest Paid	72.08	72.08	64.04	41.78	30.24	26.42
Cash Income Tax Paid	50.73	50.73	-	-	-	1.16
Levered Free Cash Flow	159.82	99.56	336.06	161.49	102.69	11.93
Unlevered Free Cash Flow	211.05	146.47	377.46	187.95	121.86	29.97
Change in Working Capital	21.98	21.98	62.99	94.61	16.66	19.55

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