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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,553	1,693	2,140	2,732	1,949	985.09
Depreciation & Amortization	624.49	625.19	754.33	988.52	534.48	301.55
Other Adjustments	118.01	110.31	46.91	-123.39	32.88	-14.47
Change in Receivables	-156.25	-127.15	165.75	357.03	-192.27	-1,068
Changes in Inventories	-7.63	18.37	-13.52	45.89	-73.08	-9.9
Changes in Accounts Payable	33.18	-10.92	-107.87	266.98	339.69	166.97
Changes in Income Taxes Payable	-358.23	-322.93	-299.62	214.41	241.24	18.89
Changes in Other Operating Activities	27.07	-67.73	562.87	601.41	-811.85	-281.77
Operating Cash Flow	1,834	1,919	3,249	5,083	2,020	98.16
Operating Cash Flow Growth	-35.83%	-40.94%	-36.09%	151.65%	1957.68%	-82.60%
Capital Expenditures	-1,417	-1,368	-1,138	-1,399	-1,091	-854.04
Sale of Property, Plant & Equipment	18.87	16.47	5.99	8.18	19.11	2.75
Purchases of Investments	-150.98	-83.79	-232.19	-1,101	-2,002	-64.26
Proceeds from Sale of Investments	224.85	242.2	24.1	143.19	1,102	1,438
Payments for Business Acquisitions	-	-	-	-	-	-247.2
Investing Cash Flow	-1,567	-1,351	-1,166	-1,441	-1,591	-1,105
Long-Term Debt Issued	-	0	628.76	12.11	632.87	489.08
Long-Term Debt Repaid	-122.83	-118.03	-772.67	-585.3	-129.16	-273.47
Net Long-Term Debt Issued (Repaid)	-122.83	-118.03	-143.9	-573.19	503.71	215.61
Common Dividends Paid	-1,329	-1,329	-1,934	-1,554	-477.83	-319.32
Other Financing Activities	-	-	-	-53.51	16.42	0
Financing Cash Flow	-1,179	-1,289	-2,251	-3,087	-337.97	1,277
Net Cash Flow	-912.14	-722.34	-168.91	554.79	90.69	269.36
Free Cash Flow	416.53	550.23	2,111	3,684	928.63	-755.88
Free Cash Flow Growth	-24.30%	-73.94%	-42.70%	296.76%	-	-
FCF Margin	-1954.78%	6.87%	25.61%	35.26%	8.98%	-15.82%
Free Cash Flow Per Share	1.20	1.58	6.08	10.61	2.67	-2.18
Levered Free Cash Flow	141.44	245.04	1,490	2,412	1,360	430.87
Unlevered Free Cash Flow	-792.17	564.04	1,858	3,408	1,160	328.64

Updated Apr 30, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.