Moscow Exchange MICEX-RTS 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	59,246	79,246	60,777	36,271	28,095
Depreciation & Amortization	3,240	2,235	2,151	2,368	2,151
Other Amortization	4,580	3,237	2,714	1,993	1,538
Loss (Gain) From Sale of Assets	-	-	84	-	-37.2
Asset Writedown & Restructuring Costs	637.5	54.6	294.1	1,248	-14.4
Loss (Gain) From Sale of Investments	1,297	-173.2	-885.6	-257.1	-679.1
Stock-Based Compensation	300.2	3,389	962.7	264.3	421.9
Provision & Write-off of Bad Debts	-2,908	1,057	-1,663	13,094	-627.4
Other Operating Activities	726.5	-5,596	11,734	125,874	5,984
Change in Other Net Operating Assets	47,162	466,497	-152,810	1,029,188	58,749
Operating Cash Flow	111,149	546,920	-74,811	1,212,695	98,174
Operating Cash Flow Growth	-79.68%	-	-	1135.24%	-
Capital Expenditures	-13,567	-12,216	-4,134	-3,612	-4,147
Sale of Property, Plant & Equipment	12.4	-	-	0.4	51.1
Cash Acquisitions	-56.8	-4,081	-	-	-1,119
Divestitures	-	-	-44.3	-	-
Investment in Securities	11,277	-30,515	10,494	49,073	-55,593
Other Investing Activities	-10,262	-	-	-	-
Investing Cash Flow	-12,597	-46,811	6,315	45,462	-60,809
Long-Term Debt Repaid	-491.9	-110.4	-111.1	-194.5	-163
Net Debt Issued (Repaid)	-491.9	-110.4	-111.1	-194.5	-163
Repurchase of Common Stock	-	-	-	-	-450
Common Dividends Paid	-59,107	-38,302	-10,192	-	-21,369
Other Financing Activities	-	-	-84.5	-86	-38.2
Financing Cash Flow	-59,599	-38,412	-10,388	-280.5	-22,020
Foreign Exchange Rate Adjustments	-178,507	-41,802	85,966	-1,271,233	-15,855
Miscellaneous Cash Flow Adjustments	-	-47,325	-	-6,391	-
Net Cash Flow	-139,554	372,570	7,082	-19,749	-509.4
Free Cash Flow	97,581	534,704	-78,945	1,209,083	94,027
Free Cash Flow Growth	-81.75%	-	-	1185.88%	-
Free Cash Flow Margin	70.29%	342.76%	-73.06%	1465.96%	166.94%
Free Cash Flow Per Share	43.00	235.52	-34.78	532.10	41.32
Cash Interest Paid	12,111	10,281	3,605	3,015	1,139
Cash Income Tax Paid	19,616	22,699	13,057	14,400	9,961
Levered Free Cash Flow	18,130	455,064	25,272	-78,908	41,376
Unlevered Free Cash Flow	25,459	461,451	27,827	-77,000	42,120
Change in Working Capital	44,030	463,472	-150,979	1,031,841	61,342

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