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
Other Adjustments	2,024	1,410	1,443	1,103	1,048
Changes in Other Operating Activities	-1,028	-2,836	-970.3	2,399	-1.7
Operating Cash Flow	995.71	-1,426	472.57	3,502	1,046
Operating Cash Flow Growth	-	-	-86.51%	234.69%	115.23%
Net Change in Securities and Investments	-680.36	-2,025	-366.76	-1,199	619.21
Cash Acquisitions	-19	-	-	-	-17.22
Proceeds from Business Divestments	2.87	-	-	-	-
Capital Expenditures	-146.92	-340.24	-263.24	-226.4	-163.22
Purchases of Intangible Assets	-238.6	-	-	-	-
Sale of Property, Plant & Equipment	20.74	1.34	4.67	17.45	20.83
Other Investing Activities	3.92	11.63	7.92	5.47	80.68
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 Long-Term Debt Issued (Repaid)	-22.62	3,287	514.55	697.21	-1,318
Issuance of Common Stock	-	42.63	53	41.65	-
Repurchase of Common Stock	-108.31	-70.66	-205.56	-66.94	-
Net Common Stock Issued (Repurchased)	-108.31	-28.02	-152.56	-25.29	-
Common Dividends Paid	-487.55	-275.02	-279.25	-238.98	-87.72
Financing Cash Flow	-618.48	2,983	82.74	432.94	-1,405
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-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	848.79	-1,766	209.33	3,276	883.25
Free Cash Flow Growth	-	-	-93.61%	270.91%	174.44%
FCF Margin	28.84%	-67.48%	9.55%	169.06%	60.13%
Free Cash Flow Per Share	15.16	-32.01	3.83	58.79	15.81