Pharol, SGPS Cash Flow Statement

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

Millions EUR. 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	2.1	24.22	-0.97	-2.51	-2.36	Upgrade
Depreciation & Amortization	0.03	0.01	0.04	0.05	0.08	Upgrade
Other Operating Activities	-3.23	-25.98	10.26	0.75	-1.15	Upgrade
Operating Cash Flow	-1.1	-1.74	9.33	-1.71	-3.42	Upgrade
Capital Expenditures	-0.13	-0.02	-0.01	-0	-0.05	Upgrade
Sale of Property, Plant & Equipment	-	0.01	-	-	-	Upgrade
Investment in Securities	-	-	-16.39	-10	-	Upgrade
Other Investing Activities	0.24	0.55	3.26	14.89	0.97	Upgrade
Investing Cash Flow	0.12	0.53	-13.14	4.89	0.92	Upgrade
Long-Term Debt Issued	-	-	-	-	0.03	Upgrade
Long-Term Debt Repaid	-	-	-	-0.01	-	Upgrade
Net Debt Issued (Repaid)	-	-	-	-0.01	0.03	Upgrade
Issuance of Common Stock	-	-	-	-	0.9	Upgrade
Repurchase of Common Stock	-	-	-	-	-1.28	Upgrade
Other Financing Activities	-0	-0	-0	-0.01	-0.03	Upgrade
Financing Cash Flow	-0	-0	-0	-0.02	-0.38	Upgrade
Foreign Exchange Rate Adjustments	0	-0.02	0.05	-0.07	0.03	Upgrade
Miscellaneous Cash Flow Adjustments	-	0	-0	-	-0	Upgrade
Net Cash Flow	-0.99	-1.24	-3.76	3.08	-2.85	Upgrade
Free Cash Flow	-1.23	-1.76	9.33	-1.72	-3.47	Upgrade
Free Cash Flow Per Share	-0.00	-0.00	0.01	-0.00	-0.00	Upgrade
Cash Interest Paid	0	0	0	0.01	0.03	Upgrade
Cash Income Tax Paid	1.78	0.12	0.04	0.03	0.03	Upgrade
Levered Free Cash Flow	-1.58	-9.43	8.62	-0.93	-2.66	Upgrade
Unlevered Free Cash Flow	-1.58	-9.43	8.62	-0.93	-2.66	Upgrade

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