Ilirija d.d. 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	3.98	3.72	3.58	3.28	3.12	2.95
Depreciation & Amortization	3.28	3.27	3.22	3.24	2.96	2.54
Loss (Gain) From Sale of Assets	-0.01	-0.01	-0.03	-0.01	0.1	-
Asset Writedown & Restructuring Costs	-	-	-	-	-	0.01
Other Operating Activities	-0.09	-0.09	0.07	-0.27	-0.13	0.55
Change in Accounts Receivable	-0.34	0.03	-0.12	-0.27	-0.05	0.16
Change in Inventory	0.02	0.02	-0.07	-0.01	-0.06	0.01
Change in Accounts Payable	0.24	0.24	-0.11	0.49	0.56	-0.26
Change in Other Net Operating Assets	-0.31	0.12	0.22	0.06	-0.12	-0.09
Operating Cash Flow	6.77	7.29	6.76	6.51	6.37	5.87
Operating Cash Flow Growth	-1.05%	7.82%	3.96%	2.08%	8.60%	97.08%
Capital Expenditures	-3.08	-3.59	-1.59	-3.48	-2.84	-1.35
Sale (Purchase) of Intangibles	-0.11	-0.11	-	-	-	-
Sale (Purchase) of Real Estate	-0.02	-0.02	-	-	-	-0.28
Investment in Securities	-0.13	-0.13	-0.67	-1.2	-4.7	-6
Investing Cash Flow	-3.34	-3.85	-2.26	-4.68	-7.53	-7.63
Long-Term Debt Issued	-	5.7	1.4	2.88	4.12	0.36
Total Debt Issued	5.7	5.7	1.4	2.88	4.12	0.36
Long-Term Debt Repaid	-	-7.13	-3.91	-3.27	-2.17	-1.2
Total Debt Repaid	-7.07	-7.13	-3.91	-3.27	-2.17	-1.2
Net Debt Issued (Repaid)	-1.37	-1.43	-2.51	-0.39	1.95	-0.85
Repurchase of Common Stock	-0.04	-0.04	-0.31	-0.2	-0.07	-
Common Dividends Paid	-1.92	-1.92	-1.68	-1.32	-1.11	-
Financing Cash Flow	-3.33	-3.4	-4.5	-1.9	0.77	-0.85
Net Cash Flow	0.1	0.04	0	-0.08	-0.39	-2.61
Free Cash Flow	3.69	3.71	5.17	3.03	3.54	4.51
Free Cash Flow Growth	-23.01%	-28.31%	70.67%	-14.31%	-21.68%	207.80%
Free Cash Flow Margin	11.22%	11.37%	17.19%	10.84%	14.97%	26.33%
Free Cash Flow Per Share	1.53	1.54	2.16	1.26	1.47	1.88
Cash Income Tax Paid	0.89	0.91	0.87	0.94	0.93	-
Levered Free Cash Flow	2.18	2.49	3.44	2.51	2.68	3.53
Unlevered Free Cash Flow	2.43	2.74	3.72	2.81	2.94	3.79
Change in Working Capital	-0.38	0.41	-0.08	0.27	0.32	-0.18

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