Adris grupa d. d. 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 2023	FY 2022	FY 2021
Period Ending	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	80.43	66.59	63	60.83	39.39
Depreciation & Amortization	80.45	75.94	71.09	74.3	64.1
Other Amortization	-	5.25	4.85	4	6.65
Gain (Loss) on Sale of Assets	-	-0.33	-1.5	-0.88	-0.41
Gain (Loss) on Sale of Investments	-	0.3	-5.55	-11.81	-8.48
Change in Accounts Receivable	-	-22.19	-9.76	-37.35	-8.62
Reinsurance Recoverable	-	-1.39	-8.47	-7.54	-
Change in Accounts Payable	-	31.19	9.89	6.04	25.92
Change in Insurance Reserves / Liabilities	-	-	-	-	-3.68
Change in Other Net Operating Assets	-	-26.56	-4.85	10.65	13.27
Other Operating Activities	61.54	-31.5	-27.99	1.84	-10.08
Operating Cash Flow	222.41	101.83	90.83	99.44	112.47
Operating Cash Flow Growth	118.41%	12.11%	-8.65%	-11.59%	544.72%
Capital Expenditures	-147.3	-145.15	-104.91	-70.1	-52.45
Sale of Property, Plant & Equipment	6.09	0.78	3.49	2.84	1.55
Cash Acquisitions	-	-10.54	-11.32	-	-30.84
Investment in Securities	36.9	16.74	-93.02	-2.86	87.1
Other Investing Activities	41.73	37.05	34.11	32.34	30.96
Investing Cash Flow	-50.52	-96.04	-165.21	-29.78	45.3
Long-Term Debt Issued	3.4	133.43	18.74	102.2	59.16
Total Debt Repaid	-35.59	-61.77	-47.31	-111.8	-28.86
Net Debt Issued (Repaid)	-32.19	71.67	-28.57	-9.61	30.3
Issuance of Common Stock	0.72	2.17	2.16	-	-
Repurchases of Common Stock	-	-	-	-1.14	-1.99
Common Dividends Paid	-62.61	-78.44	-37.55	-33.16	-26.14
Total Dividends Paid	-62.61	-78.44	-37.55	-33.16	-26.14
Other Financing Activities	-0.26	-3.61	-0.88	-2.22	-4.48
Financing Cash Flow	-94.33	-8.22	-64.84	-46.13	-2.31
Net Cash Flow	77.56	-2.42	-139.22	23.53	155.45
Free Cash Flow	75.11	-43.31	-14.08	29.34	60.02
Free Cash Flow Growth	-	-	-	-51.12%	-
Free Cash Flow Margin	6.33%	-4.07%	-1.45%	3.40%	7.97%
Free Cash Flow Per Share	4.74	-2.75	-0.90	1.87	3.82
Cash Interest Paid	9.66	6.79	5.39	7.96	6.16
Cash Income Tax Paid	32.05	26.35	10.77	10.32	5.79
Levered Free Cash Flow	169.53	-175.16	-24.58	523.79	187.84
Unlevered Free Cash Flow	175.55	-170.7	-21.08	527.3	191.63
Change in Working Capital	-	-15.2	-17.47	-33.99	20.3

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