MOEX:MRKS 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	1,128	-980.58	-2,949	-186.6	696.34
Depreciation & Amortization	4,946	5,996	6,575	4,805	5,560
Other Amortization	-	-	-	-	0.23
Loss (Gain) on Sale of Assets	40.06	32.08	24.16	37.48	65.76
Loss (Gain) on Sale of Investments	-	-263.1	-154.64	-201.23	-137.67
Asset Writedown	335.48	587.16	560.63	410.2	-15.94
Change in Accounts Receivable	-412.08	-2,949	-974.81	-2,987	-1,374
Change in Inventory	-237.04	-283.13	82.08	-63.77	566.42
Change in Accounts Payable	10,592	1,863	246.23	2,324	618.51
Change in Unearned Revenue	3,977	3,497	5,968	3,013	67.57
Change in Other Net Operating Assets	-2,132	-1,276	-1,382	-904.54	-205.45
Other Operating Activities	433.26	305.59	-2,960	1,278	-846.92
Operating Cash Flow	18,229	5,415	8,117	7,815	6,513
Operating Cash Flow Growth	236.62%	-33.28%	3.87%	19.99%	42.34%
Capital Expenditures	-13,882	-11,047	-11,207	-6,371	-8,401
Sale of Property, Plant & Equipment	13.02	7.55	6.37	4.64	15.19
Other Investing Activities	455.31	356.74	294.5	261.36	43.85
Investing Cash Flow	-13,414	-10,683	-10,907	-6,105	-8,342
Long-Term Debt Issued	78,329	24,382	40,446	17,373	29,801
Long-Term Debt Repaid	-75,916	-18,857	-37,995	-17,644	-27,657
Net Debt Issued (Repaid)	2,413	5,524	2,450	-271.2	2,144
Dividends Paid	-	-	-	-0.08	-0.25
Other Financing Activities	32.35	-	-	-	-
Financing Cash Flow	2,445	5,524	2,450	-271.27	2,144
Net Cash Flow	7,261	256.65	-339.09	1,438	314.64
Free Cash Flow	4,347	-5,632	-3,090	1,444	-1,888
Free Cash Flow Margin	3.26%	-7.26%	-4.46%	2.23%	-3.11%
Free Cash Flow Per Share	0.04	-0.06	-0.03	0.01	-0.02
Cash Interest Paid	-	7,734	4,403	4,701	2,838
Cash Income Tax Paid	-	27.59	494.17	247.71	812.2
Levered Free Cash Flow	3,627	-6,120	-2,939	-277.17	-3,189
Unlevered Free Cash Flow	9,565	-1,719	-354.77	2,483	-1,508
Change in Working Capital	11,787	851.76	3,940	1,381	-327.24

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.