BVB:BCM Cash Flow Statement

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

Millions RON. 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	0.61	6.69	-0.79	0.04	0.62	Upgrade
Depreciation & Amortization	0.01	0.42	0.72	0.59	0.6	Upgrade
Other Amortization	-	-	0	0.01	0.01	Upgrade
Loss (Gain) From Sale of Assets	0.24	0	-1.67	-0	-	Upgrade
Asset Writedown & Restructuring Costs	-	-	2.24	0	-0.01	Upgrade
Loss (Gain) From Sale of Investments	-0.12	-1.49	-0.15	0.17	-0.38	Upgrade
Other Operating Activities	-2.41	-0.96	0.3	-0.3	-0.16	Upgrade
Change in Accounts Receivable	0.12	-6.28	0.47	0.08	-0.33	Upgrade
Change in Inventory	-	-0.05	-0.02	0.01	-0.01	Upgrade
Change in Accounts Payable	-0.19	-0.76	0.12	0.12	0.26	Upgrade
Operating Cash Flow	-1.75	-2.42	1.21	0.73	0.61	Upgrade
Operating Cash Flow Growth	-	-	66.82%	19.58%	-	Upgrade
Capital Expenditures	-	-0.06	-0.13	-1.63	-0.08	Upgrade
Sale of Property, Plant & Equipment	9.55	-	0.01	0.01	-	Upgrade
Divestitures	6.87	-	-	-	-	Upgrade
Investment in Securities	-11.82	1.09	0.61	0.82	2.34	Upgrade
Other Investing Activities	1.7	17.82	0.47	0.35	0.2	Upgrade
Investing Cash Flow	6.3	18.86	0.95	-0.45	2.46	Upgrade
Common Dividends Paid	-	-	-0	-0	-0	Upgrade
Financing Cash Flow	-	-	-0	-0	-0	Upgrade
Miscellaneous Cash Flow Adjustments	0	-	-	-	-	Upgrade
Net Cash Flow	4.55	16.43	2.16	0.27	3.06	Upgrade
Free Cash Flow	-1.75	-2.48	1.08	-0.91	0.52	Upgrade
Free Cash Flow Margin	-18.19%	-18.78%	7.08%	-11.01%	8.00%	Upgrade
Free Cash Flow Per Share	-0.01	-0.01	0.01	-0.01	0.00	Upgrade
Cash Income Tax Paid	-	1.25	0.01	0.02	0.01	Upgrade
Levered Free Cash Flow	2.63	3.28	0.55	-1.26	0.35	Upgrade
Unlevered Free Cash Flow	2.63	3.28	0.55	-1.26	0.35	Upgrade
Change in Working Capital	-0.08	-7.09	0.56	0.21	-0.08	Upgrade

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