Rosseti Volga 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	11,326	3,630	2,972	-471.49	982.91
Depreciation & Amortization	6,726	6,284	6,047	5,974	5,544
Other Amortization	213.62	93	155.87	139.15	160.54
Loss (Gain) on Sale of Assets	-21.5	6.29	-322.47	-40.97	-22.87
Loss (Gain) on Sale of Investments	-62.81	-28.68	0.26	-0.07	-0.04
Change in Accounts Receivable	-4,863	-614.67	2,035	-2,058	-79.85
Change in Inventory	-73.94	-463.99	-53.38	542.3	376.81
Change in Accounts Payable	4,931	212.53	2,017	1,481	440.49
Change in Other Net Operating Assets	1,471	3,092	893.31	1,336	450.81
Other Operating Activities	-813.38	811.08	93.88	-202.9	44.07
Operating Cash Flow	19,104	12,978	13,652	6,913	7,839
Operating Cash Flow Growth	47.21%	-4.93%	97.47%	-11.81%	32.37%
Capital Expenditures	-16,618	-11,394	-8,598	-8,394	-7,164
Sale of Property, Plant & Equipment	105.49	28.81	33.75	31.69	55.42
Other Investing Activities	1,019	552.99	208.62	89.19	48.02
Investing Cash Flow	-15,493	-10,812	-8,356	-8,273	-7,061
Long-Term Debt Issued	6,515	4,890	7,224	4,255	16,190
Long-Term Debt Repaid	-7,215	-3,941	-10,043	-3,269	-16,725
Net Debt Issued (Repaid)	-700.64	949.24	-2,819	986.27	-535.45
Common Dividends Paid	-1,390	-1,157	-0.03	-53.72	-0.57
Financing Cash Flow	-2,090	-207.98	-2,819	932.54	-536.02
Net Cash Flow	1,521	1,958	2,477	-427.14	242.04
Free Cash Flow	2,487	1,584	5,053	-1,481	674.61
Free Cash Flow Growth	57.00%	-68.65%	-	-	-
Free Cash Flow Margin	1.92%	1.90%	6.56%	-2.22%	1.04%
Free Cash Flow Per Share	0.01	0.01	0.03	-0.01	0.00
Cash Interest Paid	1,671	1,548	897.86	1,200	534.64
Cash Income Tax Paid	3,293	1,032	621.83	3.57	38.67
Levered Free Cash Flow	2,158	-3,028	3,918	-2,792	779.49
Unlevered Free Cash Flow	2,773	-2,131	4,390	-2,078	1,079
Change in Working Capital	1,465	2,226	4,893	1,302	1,188

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