TBC Bank Group Cash Flow Statement

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

Millions GEL. 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	1,397	1,284	1,124	995.21	800.78
Depreciation & Amortization	168.44	145.29	116.33	101.2	79.89
Change in Other Net Operating Assets	-4,015	-4,934	-3,303	-2,484	-2,607
Other Operating Activities	457.95	-18.97	202.36	6.98	167.5
Operating Cash Flow	-1,992	-3,524	-1,860	-1,381	-1,559
Capital Expenditures	-146.92	-151.06	-263.24	-226.4	-163.22
Sale of Property, Plant and Equipment	20.74	1.34	4.67	17.45	20.83
Cash Acquisitions	-19	-	-	-	-17.22
Investment in Securities	-680.36	-2,025	-366.76	-1,199	619.21
Divestitures	2.87	-	-	-	57.04
Purchase / Sale of Intangibles	-238.6	-189.18	-	-	-
Other Investing Activities	1.17	0.68	0.7	-	-
Investing Cash Flow	-1,057	-2,352	-617.41	-1,403	540.27
Long-Term Debt Issued	4,504	6,079	2,362	2,666	2,046
Long-Term Debt Repaid	-4,527	-2,793	-1,847	-1,968	-3,364
Net Debt Issued (Repaid)	-22.62	3,287	514.55	697.21	-1,318
Repurchase of Common Stock	-108.31	-70.66	-58.99	-65.11	-
Common Dividends Paid	-487.55	-275.02	-279.25	-238.98	-81.77
Net Increase (Decrease) in Deposit Accounts	2,987	2,098	2,333	4,883	2,605
Other Financing Activities	-	42.63	-93.57	39.83	-5.95
Financing Cash Flow	2,369	5,081	2,416	5,316	1,200
Foreign Exchange Rate Adjustments	-3.7	77.81	-34.63	-394.23	-94.66
Net Cash Flow	-683.82	-716.69	-96.73	2,139	86.73
Free Cash Flow	-2,139	-3,675	-2,123	-1,607	-1,722
Free Cash Flow Margin	-72.30%	-140.00%	-96.74%	-82.84%	-116.39%
Free Cash Flow Per Share	-38.20	-66.61	-38.87	-28.84	-30.83
Cash Interest Paid	2,291	1,821	1,363	1,088	867.21
Cash Income Tax Paid	226.12	355.57	184.12	243.79	13.76

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