EuroTeleSites AG Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	43.52	35.55	-53.22	-71.21
Depreciation & Amortization	134.77	121.29	87.49	79.85
Other Adjustments	61.92	70.97	-	-
Change in Receivables	0.34	1.51	-	-
Changes in Accounts Payable	1.76	3.47	-	-
Changes in Income Taxes Payable	-13.6	-8.72	-3.27	-1.22
Changes in Unearned Revenue	0.64	0.77	-	-
Changes in Other Operating Activities	-5.81	-14.05	-	-
Operating Cash Flow	223.54	210.8	35.27	-0.29
Operating Cash Flow Growth	6.05%	497.64%	-	-
Capital Expenditures	-52.07	-57.07	-36.06	-30.49
Sale of Property, Plant & Equipment	0.06	0.1	0.01	0
Investing Cash Flow	-52	-56.97	-36.05	-30.49
Long-Term Debt Issued	255	180	-	-
Long-Term Debt Repaid	-290	-210	-	-
Net Long-Term Debt Issued (Repaid)	-35	-30	-	-
Other Financing Activities	-115.38	-122.9	-49.93	-36.03
Financing Cash Flow	-150.38	-152.9	-49.94	-36.03
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.1	0.02	-	-
Net Cash Flow	21.26	0.94	-50.71	-66.81
Free Cash Flow	171.47	153.73	-0.79	-30.78
Free Cash Flow Growth	11.54%	-	-	-
FCF Margin	61.21%	56.90%	-1.29%	-105.76%
Free Cash Flow Per Share	1.03	0.93	-	-
Levered Free Cash Flow	64.12	45.34	-6.81	-22.72
Unlevered Free Cash Flow	145.93	134.11	-2.75	-21.12