Kurgan Generation Company Cash Flow Statement

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

Millions RUB. 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	-277.25	124.86	468.64	322.85	175.5
Depreciation & Amortization	957.12	807.9	520.92	500.67	357.38
Other Amortization	-	2.21	2.73	0.98	1.37
Loss (Gain) on Sale of Assets	1.86	-2.86	3.03	57.59	81.16
Loss (Gain) on Sale of Investments	-	-	96.96	63.07	-
Loss (Gain) on Equity Investments	-	-	-10.25	-59.09	34.28
Asset Writedown	-2.51	-28.18	20.76	3.54	3.34
Change in Accounts Receivable	103.48	-149.46	191.81	-65.43	-193.91
Change in Inventory	50.52	67	-146.92	-137.79	98.49
Change in Accounts Payable	620.91	18.53	-419.38	437.46	578.59
Change in Other Net Operating Assets	57.85	-26.09	-43.04	107.19	-110.28
Other Operating Activities	-424.82	480.56	397.93	161.38	284.86
Operating Cash Flow	1,901	1,330	1,221	1,392	1,369
Operating Cash Flow Growth	42.94%	8.93%	-12.34%	1.73%	18.53%
Capital Expenditures	-1,191	-800.7	-969.58	-839.35	-511.56
Cash Acquisitions	-	-	-	6.3	-
Investment in Securities	-	-	165	-	-
Other Investing Activities	23.33	21.39	-	-	-
Investing Cash Flow	-1,168	-779.32	-804.58	-833.05	-369.58
Long-Term Debt Issued	3,332	4,180	2,995	3,584	2,635
Long-Term Debt Repaid	-3,077	-4,421	-2,903	-3,893	-3,066
Net Debt Issued (Repaid)	255.05	-240.58	91.61	-308.84	-430.55
Issuance of Common Stock	79	-	-	-	-
Common Dividends Paid	-248.19	-248.6	-245.31	-129.3	-322.58
Dividends Paid	-248.19	-248.6	-245.31	-129.3	-322.58
Other Financing Activities	-260.79	-155.34	-206.89	-152.1	-179.33
Financing Cash Flow	-174.93	-644.53	-360.59	-590.24	-932.46
Net Cash Flow	558.03	-94.2	55.51	-30.85	66.79
Free Cash Flow	709.64	528.95	251.1	553.08	857.26
Free Cash Flow Growth	34.16%	110.65%	-54.60%	-35.48%	24.20%
Free Cash Flow Margin	6.38%	5.67%	2.80%	6.51%	11.37%
Free Cash Flow Per Share	-	4.32	2.05	4.52	7.00
Cash Interest Paid	-	155.34	206.89	152.1	179.33
Cash Income Tax Paid	-	157.22	14.76	55.78	75.68
Levered Free Cash Flow	732.82	595.41	-328.46	395.35	598.79
Unlevered Free Cash Flow	909.56	719.46	-188.72	518.42	739.87
Change in Working Capital	832.75	-90.01	-417.53	341.43	372.89

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