Vrancart 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	-33.56	-18.27	5.42	22.95	6.35	Upgrade
Depreciation & Amortization	57.93	48.49	42.99	38.74	35.14	Upgrade
Other Operating Activities	-6.05	25.28	26.29	-14.58	-12.69	Upgrade
Operating Cash Flow	18.32	55.5	74.71	47.11	28.79	Upgrade
Operating Cash Flow Growth	-67.00%	-25.71%	58.56%	63.63%	-56.36%	Upgrade
Capital Expenditures	-19.18	-134	-144.41	-87.94	-47.39	Upgrade
Sale of Property, Plant & Equipment	28.17	2.11	4.13	1.35	0.38	Upgrade
Other Investing Activities	0.13	-0.15	0.01	-1.88	-2	Upgrade
Investing Cash Flow	7.27	-132.04	-140.28	-88.47	-49.01	Upgrade
Long-Term Debt Issued	65.18	137.26	101.56	154.57	48.47	Upgrade
Long-Term Debt Repaid	-83.72	-151.69	-61.33	-98.37	-4.66	Upgrade
Net Debt Issued (Repaid)	-18.54	-14.44	40.24	56.2	43.81	Upgrade
Issuance of Common Stock	-	31.96	48.89	0.48	16.74	Upgrade
Common Dividends Paid	-	-	-11.81	-4.95	-9.84	Upgrade
Other Financing Activities	-6.75	58.04	-12.49	-9.17	-33.68	Upgrade
Financing Cash Flow	-25.29	75.56	64.83	42.55	17.03	Upgrade
Net Cash Flow	0.29	-0.98	-0.74	1.2	-3.19	Upgrade
Free Cash Flow	-0.87	-78.51	-69.71	-40.83	-18.6	Upgrade
Free Cash Flow Margin	-0.21%	-16.13%	-13.91%	-6.72%	-4.10%	Upgrade
Free Cash Flow Per Share	-	-0.04	-0.05	-0.03	-0.02	Upgrade
Cash Interest Paid	10.97	13.59	12.49	9.17	33.68	Upgrade
Cash Income Tax Paid	4.43	1.64	2.9	2.56	2.85	Upgrade
Levered Free Cash Flow	17.71	-102.46	-89.11	-59.78	-28.94	Upgrade
Unlevered Free Cash Flow	29.01	-96.29	-81.1	-52.64	-26.02	Upgrade

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