Positive Group 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	7,275	3,662	9,696	6,088	1,914
Depreciation & Amortization	794.2	612.81	378.58	246.5	206.11
Other Amortization	2,220	1,279	652.89	488.14	417.28
Loss (Gain) From Sale of Assets	2.97	18.83	19.01	17.2	4.64
Asset Writedown & Restructuring Costs	-	-	-	118.38	-
Stock-Based Compensation	-	96.25	-	-	-
Provision & Write-off of Bad Debts	14.76	1.12	-16.15	-14.44	36.77
Other Operating Activities	-401.98	362.63	-48.98	-152.61	147.18
Change in Accounts Receivable	-5,033	-2,167	-10,026	-3,620	-1,426
Change in Inventory	-1,112	-441.73	60.82	-24.27	-72.66
Change in Accounts Payable	1,193	-704.54	2,544	555.76	145.05
Change in Unearned Revenue	1,646	166.44	2,200	547.39	700.9
Operating Cash Flow	6,599	2,886	5,460	4,250	2,073
Operating Cash Flow Growth	128.65%	-47.14%	28.46%	105.03%	65.07%
Capital Expenditures	-464.07	-1,423	-614.45	-407.25	-128.11
Sale (Purchase) of Intangibles	-7,155	-5,249	-2,947	-1,468	-1,134
Investment in Securities	-63.61	-	-	-	-
Investing Cash Flow	-7,624	-8,376	-3,561	-1,875	-1,262
Long-Term Debt Issued	13,348	26,470	2,700	6,316	1,483
Long-Term Debt Repaid	-15,773	-6,592	-2,244	-4,041	-820.21
Net Debt Issued (Repaid)	-2,425	19,878	456.16	2,275	662.99
Repurchase of Common Stock	-	-3,300	-	-	-
Common Dividends Paid	-	-6,547	-4,792	-1,291	-932.73
Other Financing Activities	-	-	-	-	-226.98
Financing Cash Flow	-2,425	10,031	-4,336	983.64	-496.71
Foreign Exchange Rate Adjustments	4.37	0.31	-1.6	-2.01	-0.77
Net Cash Flow	-3,446	4,542	-2,439	3,357	313.73
Free Cash Flow	6,135	1,463	4,846	3,843	1,945
Free Cash Flow Growth	319.24%	-69.80%	26.09%	97.59%	65.92%
Free Cash Flow Margin	19.87%	5.98%	21.82%	27.90%	27.49%
Free Cash Flow Per Share	86.15	20.55	73.42	58.23	80.85
Cash Interest Paid	3,513	968.99	130.98	155.28	102.49
Cash Income Tax Paid	2.87	11.51	226.97	105.33	169.52
Levered Free Cash Flow	-8,395	-2,000	-4,493	-75.45	-115.29
Unlevered Free Cash Flow	-5,830	-1,235	-4,400	17.67	-66.62
Change in Working Capital	-3,306	-3,147	-5,221	-2,541	-652.93

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