INA-Industrija nafte, d.d. (ZSE:INA)
Croatia · Delayed Price · Currency is EUR 510.00
-10.00 (-1.92%)
At close: Nov 2, 2026
ZSE:INA Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 | 341.52 | 179.02 | 181.83 | 250.01 | 251.48 | 170.98 |
Depreciation & Amortization | 238.52 | 211.82 | 188.03 | 188.14 | 237.55 | 230.46 |
Other Amortization | 4.14 | 4.14 | 4.58 | 7.26 | 7.72 | 7.32 |
Loss (Gain) From Sale of Assets | -5.23 | -3.43 | -2.65 | -18.95 | -11.65 | -4.79 |
Asset Writedown & Restructuring Costs | -0.21 | 3.59 | 1.08 | -1.06 | -0.09 | 10.64 |
Loss (Gain) on Equity Investments | -8.55 | -4.55 | -5.53 | -6.69 | 3.63 | 1.2 |
Provision & Write-off of Bad Debts | 4.79 | 4.79 | 2.64 | 0.07 | -0.37 | -7.19 |
Other Operating Activities | 185.81 | 44.61 | 23.65 | -98.62 | 217.92 | 108.18 |
Change in Accounts Receivable | -75.67 | -28.37 | 13.21 | 15.22 | -193.79 | -220.21 |
Change in Inventory | -272.88 | -12.28 | -96.89 | 38.14 | -166.9 | -128.67 |
Change in Accounts Payable | 217.41 | -29.29 | -13.9 | 70.17 | 110.23 | 291.67 |
Operating Cash Flow | 629.65 | 370.05 | 296.05 | 443.68 | 455.73 | 459.59 |
Operating Cash Flow Growth | 42.76% | 25.00% | -33.27% | -2.65% | -0.84% | 55.38% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -323.59 | -240.39 | -283.33 | -300.63 | -356.77 | -213.16 |
Sale (Purchase) of Intangibles | -35.67 | -23.17 | -30.97 | -16.82 | -12.42 | -17.43 |
Investment in Securities | - | - | -0.06 | -49.43 | 159.24 | -175.64 |
Other Investing Activities | 22.53 | 24.13 | 21.68 | 44.1 | 31.45 | 33.26 |
Investing Cash Flow | -337.38 | -239.28 | -292.46 | -321.5 | -178.03 | -372.97 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Long-Term Debt Issued | - | 2,336 | 2,638 | 1,059 | 1,328 | 1,977 |
Total Debt Issued | 2,196 | 2,336 | 2,638 | 1,059 | 1,328 | 1,977 |
Long-Term Debt Repaid | - | -2,273 | -2,427 | -1,041 | -1,430 | -1,856 |
Lease Payments | -17.64 | -15.94 | -13.82 | -13.46 | -12.66 | -11.44 |
Total Debt Repaid | -2,232 | -2,273 | -2,427 | -1,041 | -1,430 | -1,856 |
Net Debt Issued (Repaid) | -35.8 | 63.1 | 210.47 | 18.43 | -102.26 | 120.95 |
Common Dividends Paid | -167.99 | -119.79 | -240 | -200 | -129.94 | -77.84 |
Other Financing Activities | -31.26 | -21.46 | -15.43 | -14.68 | -1.25 | -1.73 |
Financing Cash Flow | -235.05 | -78.15 | -44.96 | -196.25 | -233.45 | 41.38 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Foreign Exchange Rate Adjustments | 0.02 | -0.58 | -0.03 | -1.63 | 2.82 | -1.2 |
Net Cash Flow | 57.83 | 52.03 | -41.41 | -75.71 | 47.06 | 126.81 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 306.06 | 129.66 | 12.72 | 143.06 | 98.96 | 246.43 |
Free Cash Flow Growth | 39.93% | 919.50% | -91.11% | 44.56% | -59.84% | 82.39% |
Free Cash Flow Margin | 6.44% | 3.38% | 0.33% | 3.67% | 2.12% | 8.27% |
Free Cash Flow Per Share | 30.56 | 12.97 | 1.27 | 14.31 | 9.90 | 24.64 |
Levered Free Cash Flow | 182.93 | 39.63 | -107.58 | 85.84 | 253.62 | -159.89 |
Unlevered Free Cash Flow | 208.15 | 64.22 | -80.45 | 103.9 | 260.48 | -153.57 |
Free Cash Flow After Leases | 288.42 | 113.72 | -1.1 | 129.6 | 86.3 | 234.98 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash Interest Paid | 21.46 | 21.46 | 15.43 | 14.68 | 1.25 | 1.73 |
Cash Income Tax Paid | 45.37 | 45.77 | 58.38 | 165.91 | 3.81 | 2.93 |
Change in Working Capital | -131.14 | -69.94 | -97.58 | 123.52 | -250.46 | -57.22 |