Mercuria Holdings Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-	1,156	1,500	2,207	1,816
Depreciation & Amortization	-	80	70	66	52
Loss (Gain) From Sale of Assets	-	-	1	-	-
Loss (Gain) From Sale of Investments	-	-	19	-	-
Loss (Gain) on Equity Investments	-	-24	-63	-	-
Other Operating Activities	-	-24	-640	-192	-812
Change in Accounts Receivable	-	26	132	-1,980	-880
Change in Other Net Operating Assets	-	-559	223	-450	2
Operating Cash Flow	-	655	1,242	-349	178
Operating Cash Flow Growth	-	-47.26%	-	-	-
Capital Expenditures	-	-2	-52	-22	-33
Sale (Purchase) of Intangibles	-	-	-	-1	-
Investment in Securities	-	-4	56	-26	-10
Other Investing Activities	-	-3	-22	-14	-22
Investing Cash Flow	-	-9	497	-583	227
Short-Term Debt Issued	-	-	-	199	1,100
Total Debt Issued	-	-	-	199	1,100
Short-Term Debt Repaid	-	-	-100	-100	-1,386
Long-Term Debt Repaid	-	-	-743	-130	-130
Total Debt Repaid	-	-	-843	-230	-1,516
Net Debt Issued (Repaid)	-	-	-843	-31	-416
Issuance of Common Stock	-	14	5	11	2,104
Repurchase of Common Stock	-	-42	-528	-360	-
Dividends Paid	-	-415	-410	-418	-342
Other Financing Activities	-	27	36	2	-1
Financing Cash Flow	-	-416	-1,740	-796	1,345
Foreign Exchange Rate Adjustments	-	132	61	68	30
Miscellaneous Cash Flow Adjustments	-	-	-	-1	13
Net Cash Flow	-	362	60	-1,661	1,793
Free Cash Flow	-	653	1,190	-371	145
Free Cash Flow Growth	-	-45.13%	-	-	-
Free Cash Flow Margin	-	11.73%	20.37%	-8.07%	3.48%
Free Cash Flow Per Share	-	33.73	60.74	-18.11	8.53
Cash Interest Paid	-	4	7	9	18
Cash Income Tax Paid	-	23	648	190	810
Levered Free Cash Flow	-	203.88	739.63	-2,239	-
Unlevered Free Cash Flow	-	206.38	744	-2,233	-
Change in Net Working Capital	917	481	114	3,560	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.