S.C. Moara Cibin 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	Jan '25 Jan 1, 2025	Jan '24 Jan 1, 2024	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	2021 - 2017
Net Income	19.16	19.41	-	8.83	5.91	Upgrade
Depreciation & Amortization	7.44	7.36	-	7.08	7.3	Upgrade
Other Operating Activities	-20.76	1.71	2.32	-1.16	-	Upgrade
Change in Accounts Receivable	-	-	-	0.75	9.94	Upgrade
Change in Inventory	-	-	-	8.62	0.16	Upgrade
Change in Accounts Payable	-	-	-	-17.39	-10.56	Upgrade
Change in Other Net Operating Assets	-	-	-	2.13	-9.07	Upgrade
Operating Cash Flow	5.83	28.48	2.32	8.85	3.67	Upgrade
Operating Cash Flow Growth	-79.52%	1125.52%	-73.74%	140.90%	110.07%	Upgrade
Investment in Securities	-	-	-	-2.1	-4.47	Upgrade
Other Investing Activities	-31.2	-18.99	-1.43	-	-	Upgrade
Investing Cash Flow	-31.2	-18.99	-1.43	-2.1	-4.47	Upgrade
Long-Term Debt Issued	-	-	-	-	0.46	Upgrade
Long-Term Debt Repaid	-	-	-	-0.77	-	Upgrade
Net Debt Issued (Repaid)	-	-	-	-0.77	0.46	Upgrade
Common Dividends Paid	-	-	-	-22	-	Upgrade
Other Financing Activities	24.87	-8.09	-1.12	-	-	Upgrade
Financing Cash Flow	24.87	-8.09	-1.12	-22.78	0.46	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-	16.05	-	Upgrade
Net Cash Flow	-0.5	1.41	-0.22	0.02	-0.34	Upgrade
Levered Free Cash Flow	6.48	21.76	3.27	17.95	4.14	Upgrade
Unlevered Free Cash Flow	8.58	23.74	5.27	19.62	5.09	Upgrade
Change in Working Capital	-	-	-	-5.89	-9.53	Upgrade

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