MAPFRE Middlesea p.l.c. (MSE:MMS)

MAPFRE Middlesea p.l.c. Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	14.94	12.52	11.31	4.48	7.64
Depreciation & Amortization	1.44	1.54	1.41	1.41	1.18
Other Amortization	5.49	5.08	4.55	2.58	2.21
Gain (Loss) on Sale of Assets	0	0.09	-	0	-
Change in Accounts Receivable	-23.98	-30.26	25.09	-353.6	0.06
Reinsurance Recoverable	-	-	-	-	-1.44
Change in Unearned Revenue	-	-	-	-6.87	-
Change in Insurance Reserves / Liabilities	-	-	-	-	98.34
Change in Other Net Operating Assets	52.06	57.53	55.96	-0.48	-
Other Operating Activities	-22.57	-58.26	-185.46	312.42	-71.56
Operating Cash Flow	27.53	-11.75	-87.1	-40.01	37.66
Operating Cash Flow Growth	-	-	-	-	13.57%
Capital Expenditures	-8.68	-9.74	-7.77	-9.59	-8.23
Sale of Property, Plant & Equipment	-	-	-	-	0.1
Investment in Securities	-43.17	61.85	10.67	119.67	-70.34
Investing Cash Flow	-52.89	51.17	1.29	109.25	-80.08
Common Dividends Paid	-4.79	-4.5	-3.5	-2.4	-3.2
Other Financing Activities	-1.5	-1	-	-1	20
Financing Cash Flow	-6.29	-5.5	-3.5	-3.4	16.8
Net Cash Flow	-31.66	33.92	-89.31	65.84	-25.62
Free Cash Flow	18.86	-21.49	-94.87	-49.6	29.43
Free Cash Flow Growth	-	-	-	-	20.48%
Free Cash Flow Margin	11.54%	-13.89%	-69.16%	-41.65%	6.09%
Free Cash Flow Per Share	0.20	-0.23	-1.03	-0.54	0.32
Cash Interest Paid	-	-	-	0.03	0.07
Cash Income Tax Paid	8.37	10.67	44.89	2.77	2.5
Levered Free Cash Flow	-29.85	-6.21	-118.03	306.78	-154.67
Unlevered Free Cash Flow	-29.85	-6.21	-118.03	306.78	-154.6
Change in Working Capital	28.08	27.27	81.05	-360.95	96.61

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