BUD:MBHJB Cash Flow Statement

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

Millions HUF. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
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	2020 - 2016
Net Income	8,849	6,597	6,663	1,811	2,745	Upgrade
Depreciation & Amortization	107	108	88	36	28	Upgrade
Other Amortization	-	-	-	31	22	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	5	-7	Upgrade
Gain (Loss) on Sale of Investments	1,153	-47	231	1,354	1,719	Upgrade
Total Asset Writedown	-1	52	-	522	-	Upgrade
Provision for Credit Losses	411	-15	-1,043	-	153	Upgrade
Change in Trading Asset Securities	1,218	-605	4,031	8,360	10,251	Upgrade
Change in Other Net Operating Assets	134,908	-106,580	-195,837	-154,497	-65,849	Upgrade
Other Operating Activities	1,726	12,167	-4,121	-11	-450	Upgrade
Operating Cash Flow	148,371	-88,323	-189,988	-142,389	-51,388	Upgrade
Capital Expenditures	-4	-40	-53	-55	-14	Upgrade
Sale of Property, Plant and Equipment	2	1	23	46	23	Upgrade
Investment in Securities	52,385	93,610	991	-	-	Upgrade
Purchase / Sale of Intangibles	-	-	-	-67	-17	Upgrade
Investing Cash Flow	52,383	93,571	961	-76	-8	Upgrade
Long-Term Debt Issued	15,000	140,000	210,000	142,605	50,142	Upgrade
Long-Term Debt Repaid	-350,445	-210,050	-17,421	-27	-16	Upgrade
Net Debt Issued (Repaid)	-335,445	-70,050	192,579	142,578	50,126	Upgrade
Issuance of Common Stock	163,801	130,306	70,967	-	-	Upgrade
Repurchase of Common Stock	-29,009	-83,584	-55,556	-	-	Upgrade
Financing Cash Flow	-200,653	-23,328	207,990	142,578	50,126	Upgrade
Foreign Exchange Rate Adjustments	64	24	-	-	-	Upgrade
Net Cash Flow	165	-18,056	18,963	113	-1,270	Upgrade
Free Cash Flow	148,367	-88,363	-190,041	-142,444	-51,402	Upgrade
Free Cash Flow Margin	1167.23%	-854.66%	-1776.75%	-2496.83%	-1090.41%	Upgrade
Free Cash Flow Per Share	1233.85	-816.39	-1755.79	-1316.04	-474.90	Upgrade
Cash Interest Paid	-	45,273	55,831	-	10,456	Upgrade
Cash Income Tax Paid	-	670	432	-	-	Upgrade

Source: S&P Capital IQ. Banks template. Financial Sources.