Novolipetsk Steel 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	63,105	121,779	209,031	166,055	370,359
Depreciation & Amortization	65,111	50,665	45,436	42,096	42,872
Loss (Gain) From Sale of Assets	2,378	2,558	1,391	3,705	478
Asset Writedown & Restructuring Costs	1,481	480	232	9,712	589
Loss (Gain) From Sale of Investments	-628	-4,358	-	579	-
Loss (Gain) on Equity Investments	7,771	29,264	24,541	-3,334	6,276
Other Operating Activities	-24,884	20,615	-75,953	2,609	-15,607
Change in Accounts Receivable	2,581	-11,262	-444	-5,305	-55,057
Change in Inventory	15,998	-22,118	-11,477	24,494	-87,211
Change in Accounts Payable	-5,399	-2,374	11,033	-11,990	43,015
Change in Other Net Operating Assets	-182	171	-331	-458	-118
Operating Cash Flow	127,332	185,420	210,936	247,406	331,908
Operating Cash Flow Growth	-31.33%	-12.10%	-14.74%	-25.46%	96.77%
Capital Expenditures	-102,628	-113,391	-79,814	-	-
Sale of Property, Plant & Equipment	-	178	137	-	-
Investment in Securities	11,922	-1,486	-42,991	-	-
Other Investing Activities	4,683	-15,985	95,412	-90,259	-95,199
Investing Cash Flow	-86,023	-130,684	-27,256	-90,259	-95,199
Long-Term Debt Issued	968	3,300	12,818	42,400	180,692
Long-Term Debt Repaid	-1,584	-26,924	-125,819	-	-
Net Debt Issued (Repaid)	-616	-23,624	-113,001	42,400	180,692
Common Dividends Paid	-828	-151,388	-	-	-
Other Financing Activities	-1,119	-1,824	-4,732	-98,305	-437,360
Financing Cash Flow	-2,563	-176,836	-117,733	-55,905	-256,668
Foreign Exchange Rate Adjustments	-11,411	5,150	13,308	-16,091	-2,021
Net Cash Flow	27,335	-116,950	79,255	85,151	-21,980
Free Cash Flow	24,704	72,029	131,122	247,406	331,908
Free Cash Flow Growth	-65.70%	-45.07%	-47.00%	-25.46%	287.92%
Free Cash Flow Margin	2.97%	7.35%	14.05%	27.46%	32.25%
Free Cash Flow Per Share	4.12	12.02	21.88	41.28	55.38
Cash Interest Paid	-	1,006	3,365	-	-
Cash Income Tax Paid	-	36,124	61,927	24,788	87,672
Levered Free Cash Flow	45,361	28,636	81,085	211,796	215,921
Unlevered Free Cash Flow	46,290	28,387	82,772	213,551	218,474
Change in Working Capital	12,998	-35,583	-1,219	6,741	-99,371

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