VERBUND AG Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	1,381	2,517	2,732	1,949	985.09	437.19
Depreciation & Amortization	584.93	4.27	988.52	534.48	301.55	2.93
Other Adjustments	20.7	-4.99	-123.39	32.88	-14.47	-49.68
Change in Receivables	-49.05	60.43	357.03	-192.27	-1,068	-5.28
Changes in Inventories	7.18	-3.59	45.89	-73.08	-9.9	-0.16
Changes in Accounts Payable	62.03	15.93	266.98	339.69	166.97	2.38
Changes in Income Taxes Payable	-190.02	-435.76	214.41	241.24	18.89	176.9
Changes in Other Operating Activities	-41.9	-	601.41	-811.85	-281.77	-
Operating Cash Flow	2,570	2,153	5,083	2,020	98.16	564.29
Operating Cash Flow Growth	-21.24%	-57.64%	151.65%	1957.68%	-82.60%	-53.14%
Capital Expenditures	-1,259	-15.42	-1,399	-1,091	-854.04	-3.74
Sale of Property, Plant & Equipment	13.89	0.07	8.18	19.11	2.75	0.03
Purchases of Investments	-106.76	-300.37	-1,101	-2,002	-64.26	-322.76
Proceeds from Sale of Investments	86.3	593.98	143.19	1,102	1,438	226.72
Payments for Business Acquisitions	-	-	-	-	-247.2	-
Other Investing Activities	-	78.81	-	-	-	38.04
Investing Cash Flow	-1,278	357.06	-1,441	-1,591	-1,105	-61.72
Long-Term Debt Issued	122.56	500.37	12.11	632.87	489.08	0
Long-Term Debt Repaid	-741.6	-525.13	-585.3	-129.16	-273.47	-233.9
Net Long-Term Debt Issued (Repaid)	-619.03	-24.75	-573.19	503.71	215.61	-233.9
Common Dividends Paid	-1,329	-1,442	-1,554	-477.83	-319.32	-239.72
Other Financing Activities	-	-1,044	-53.51	16.42	0	-28.95
Financing Cash Flow	-1,836	-2,510	-3,087	-337.97	1,277	-502.57
Net Cash Flow	-544.41	0	554.79	90.69	269.36	0
Free Cash Flow	1,311	2,138	3,684	928.63	-755.88	560.55
Free Cash Flow Growth	-38.68%	-41.98%	296.76%	-	-	-31.06%
FCF Margin	15.83%	25.93%	35.26%	8.98%	-15.82%	16.25%
Free Cash Flow Per Share	3.77	6.15	10.61	2.67	-2.18	1.61
Levered Free Cash Flow	244.86	1,416	2,412	1,360	430.87	575.84
Unlevered Free Cash Flow	1,065	1,665	3,408	1,160	328.64	868.03

Updated Sep 30, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.