Bulmetal JSC Cash Flow Statement

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

Millions BGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2019
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 - 2019
Net Income	5.2	4.02	3.32	8.65	1.11	Upgrade
Depreciation & Amortization	4.62	5.69	6.49	7.46	5.73	Upgrade
Other Amortization	-	0.11	0.36	-	-	Upgrade
Other Operating Activities	3.87	1.09	-10.2	-15.67	-4.16	Upgrade
Operating Cash Flow	13.69	10.91	-0.03	0.44	2.68	Upgrade
Operating Cash Flow Growth	25.46%	-	-	-83.69%	-	Upgrade
Capital Expenditures	-11.77	-12.39	-4.76	-1.15	-5.96	Upgrade
Sale of Property, Plant & Equipment	-	1.5	3.69	0.01	0.02	Upgrade
Other Investing Activities	-	-	-	-0.01	-	Upgrade
Investing Cash Flow	-11.77	-10.89	-1.06	-1.15	-5.95	Upgrade
Long-Term Debt Issued	33.95	25.41	31.36	22.96	22.59	Upgrade
Long-Term Debt Repaid	-27.29	-29.38	-29.55	-23.87	-16.11	Upgrade
Net Debt Issued (Repaid)	6.66	-3.97	1.82	-0.9	6.49	Upgrade
Issuance of Common Stock	-	8.23	-	-	-	Upgrade
Common Dividends Paid	-0.83	-0.68	-0.67	-0.13	-	Upgrade
Other Financing Activities	-2.03	-2.46	-1.73	-0.64	-0.93	Upgrade
Financing Cash Flow	3.81	1.11	-0.58	-1.67	5.56	Upgrade
Net Cash Flow	5.72	1.13	-1.67	-2.38	2.29	Upgrade
Free Cash Flow	1.91	-1.48	-4.79	-0.72	-3.28	Upgrade
Free Cash Flow Margin	1.86%	-1.39%	-4.33%	-0.67%	-3.94%	Upgrade
Free Cash Flow Per Share	0.27	-0.21	-0.77	-0.12	-	Upgrade
Cash Interest Paid	1.78	2.12	1.18	0.45	0.74	Upgrade
Cash Income Tax Paid	1.04	-	-	-	0.09	Upgrade
Levered Free Cash Flow	-4	-4.32	0.42	9.3	-0.76	Upgrade
Unlevered Free Cash Flow	-2.77	-2.81	1.53	9.68	-0.25	Upgrade

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