PAO TMK (MOEX:TRMK)

PAO TMK Cash Flow Statement

Financials in millions RUB. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-49,630	-21,050	-23,884	38,832	42,369	6,974
Depreciation & Amortization	26,456	26,709	25,773	22,560	26,479	17,492
Other Amortization	-	-	-	-	-	307
Loss (Gain) From Sale of Assets	-458	-427	6,758	1,261	5,926	659
Asset Writedown & Restructuring Costs	-2,091	52	1,111	199	2,731	1,379
Loss (Gain) From Sale of Investments	58	58	120	-1,004	-694	-3,518
Loss (Gain) on Equity Investments	1,573	1,257	-6,283	-188	-62	-83
Other Operating Activities	54,117	50,341	72,869	44,361	38,852	32,923
Change in Accounts Receivable	30,744	29,980	-16,359	23,747	-37,703	-16,662
Change in Inventory	21,974	18,212	16,329	-16,240	-4,993	-32,606
Change in Accounts Payable	-18,521	-56,078	22,854	3,338	1,786	25,333
Change in Other Net Operating Assets	-13,105	-29,959	21,057	-52,227	-39,246	63,122
Operating Cash Flow	51,117	19,095	120,345	64,639	35,445	95,320
Operating Cash Flow Growth	-41.92%	-84.13%	86.18%	82.36%	-62.81%	95.92%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-14,397	-16,957	-27,516	-40,166	-18,140	-14,536
Cash Acquisitions	-	-9	-1,123	-5,312	-15,280	-70,315
Divestitures	5,748	5,748	8,644	5,020	-	-
Sale (Purchase) of Intangibles	-1,249	-934	-1,305	-1,064	-719	-1,417
Other Investing Activities	3,480	1,293	1,828	15,044	2,396	-4,079
Investing Cash Flow	-6,386	-10,827	-18,372	-23,740	-32,111	-85,904

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	150,773	166,144	149,035	155,846	153,146
Long-Term Debt Repaid	-	-130,249	-151,262	-116,101	-160,437	-109,784
Lease Payments	-1,605	-1,810	-1,551	-1,428	-1,140	-1,231
Net Debt Issued (Repaid)	37,917	20,524	14,882	32,934	-4,591	43,362
Issuance of Common Stock	-	-	4,163	-	-	17,441
Repurchase of Common Stock	-227	-227	-	-	-	-171
Common Dividends Paid	-	-	-9,939	-20,838	-10,841	-28,286
Other Financing Activities	-57,585	-53,728	-59,703	-28,962	-36,720	-17,660
Financing Cash Flow	-19,895	-33,431	-50,597	-16,866	-52,152	14,686

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	10	-61	48	1,363	-3,346	-798
Net Cash Flow	24,846	-25,224	51,424	25,396	-52,164	23,304

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	36,720	2,138	92,829	24,473	17,305	80,784
Free Cash Flow Growth	-42.37%	-97.70%	279.31%	41.42%	-78.58%	111.88%
Free Cash Flow Margin	11.59%	0.53%	17.44%	4.50%	2.75%	18.83%
Free Cash Flow Per Share	34.15	2.03	88.73	23.69	16.75	78.19
Levered Free Cash Flow	-6,024	-17,730	34,232	20,686	-7,071	53,060
Unlevered Free Cash Flow	41,446	33,384	77,281	40,139	14,091	67,690
Free Cash Flow After Leases	35,115	328	91,278	23,045	16,165	79,553

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	63,659	69,477	59,285	28,679	27,369	21,542
Cash Income Tax Paid	3,335	5,367	4,640	17,440	12,988	6,253
Change in Working Capital	21,092	-37,845	43,881	-41,382	-80,156	39,187

Data Source: S&P Global Market Intelligence Last updated: Aug 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 12, 2026

Data Sources Report a data error