BUL:BPEF 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 - 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	0.76	1.25	1.04	-0.04	-1.51	Upgrade
Depreciation & Amortization	0.03	0.03	0.01	0.01	0.01	Upgrade
Other Operating Activities	-0.98	-1.44	-1.19	-0.08	1.38	Upgrade
Operating Cash Flow	-0.2	-0.17	-0.13	-0.1	-0.12	Upgrade
Investment in Securities	-0.03	-10.56	-0.27	-0.65	-4.53	Upgrade
Other Investing Activities	0.03	0.34	0.41	0.17	0.15	Upgrade
Investing Cash Flow	0	-10.21	0.14	-0.48	-4.38	Upgrade
Long-Term Debt Issued	-	10.76	-	-	-	Upgrade
Long-Term Debt Repaid	-0.03	-0.03	-0.02	-0.01	-0.01	Upgrade
Net Debt Issued (Repaid)	-0.03	10.73	-0.02	-0.01	-0.01	Upgrade
Common Dividends Paid	-	-	-	-	-0.2	Upgrade
Other Financing Activities	-	-0.21	-	-	-	Upgrade
Financing Cash Flow	-0.03	10.52	-0.02	-0.01	-0.2	Upgrade
Net Cash Flow	-0.23	0.14	-0.01	-0.59	-4.7	Upgrade
Cash Income Tax Paid	-	-	-	0.01	0.01	Upgrade
Levered Free Cash Flow	0.63	-0.58	0.13	0.24	0.04	Upgrade
Unlevered Free Cash Flow	1.04	-0.34	0.13	0.24	0.04	Upgrade

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