BUL:IHB 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	3.8	17.64	5.94	23.07	42.98	Upgrade
Depreciation & Amortization	13.93	13.22	13.8	14.01	12.79	Upgrade
Other Operating Activities	-1.33	7.87	5.58	9.84	-7.86	Upgrade
Operating Cash Flow	16.4	38.72	25.31	46.92	47.91	Upgrade
Operating Cash Flow Growth	-57.65%	52.96%	-46.05%	-2.08%	190.56%	Upgrade
Capital Expenditures	-22.53	-71.47	-23.31	-20.48	-7.56	Upgrade
Sale of Property, Plant & Equipment	0.1	0.08	0.08	0.2	0.32	Upgrade
Divestitures	2.75	-	-	-	-	Upgrade
Investment in Securities	-3.96	0.8	0.57	-0.03	-	Upgrade
Other Investing Activities	0.64	1.66	1.17	0.14	-	Upgrade
Investing Cash Flow	-23.83	-68.94	-21.49	-20.16	-7.24	Upgrade
Long-Term Debt Issued	9.28	8.46	9.75	9.77	3.42	Upgrade
Long-Term Debt Repaid	-4.4	-3.73	-1.21	-5.25	-33.74	Upgrade
Net Debt Issued (Repaid)	4.87	4.72	8.54	4.52	-30.32	Upgrade
Repurchase of Common Stock	-	-	-	-	-1.51	Upgrade
Common Dividends Paid	-0.4	-0.26	-0.45	-0.44	-0.35	Upgrade
Other Financing Activities	-0.48	-0.41	-0.29	-0.16	-1.05	Upgrade
Financing Cash Flow	3.99	4.05	7.81	3.92	-33.23	Upgrade
Foreign Exchange Rate Adjustments	-0.32	0.04	-0.05	-0.18	0.47	Upgrade
Net Cash Flow	-3.76	-26.13	11.58	30.5	7.92	Upgrade
Free Cash Flow	-6.13	-32.75	2.01	26.44	40.36	Upgrade
Free Cash Flow Growth	-	-	-92.41%	-34.49%	249.52%	Upgrade
Free Cash Flow Margin	-5.67%	-26.25%	1.66%	17.89%	30.57%	Upgrade
Free Cash Flow Per Share	-0.06	-0.34	0.02	0.27	0.41	Upgrade
Cash Interest Paid	0.45	0.38	0.27	0.13	0.48	Upgrade
Cash Income Tax Paid	1.33	1.61	0.94	0.96	0.88	Upgrade
Levered Free Cash Flow	-7.45	-44.11	-1.3	13.69	25.39	Upgrade
Unlevered Free Cash Flow	-7.27	-44.01	-1.22	13.73	25.91	Upgrade

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