TBC Bank Group Cash Flow Statement

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

Millions GEL. 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	-	1,284	1,124	995.21	800.78	Upgrade
Depreciation & Amortization	-	145.29	116.33	101.2	79.89	Upgrade
Change in Other Net Operating Assets	-	-4,934	-3,303	-2,484	-2,607	Upgrade
Other Operating Activities	-	-18.97	202.36	6.98	167.5	Upgrade
Operating Cash Flow	-	-3,524	-1,860	-1,381	-1,559	Upgrade
Capital Expenditures	-	-340.24	-263.24	-226.4	-163.22	Upgrade
Sale of Property, Plant and Equipment	-	1.34	4.67	17.45	20.83	Upgrade
Cash Acquisitions	-	-	-	-	-17.22	Upgrade
Investment in Securities	-	-2,025	-366.76	-1,199	619.21	Upgrade
Divestitures	-	-	-	-	57.04	Upgrade
Other Investing Activities	-	0.68	0.7	-	-	Upgrade
Investing Cash Flow	-	-2,352	-617.41	-1,403	540.27	Upgrade
Long-Term Debt Issued	-	6,079	2,362	2,666	2,046	Upgrade
Long-Term Debt Repaid	-	-2,793	-1,847	-1,968	-3,364	Upgrade
Net Debt Issued (Repaid)	-	3,287	514.55	697.21	-1,318	Upgrade
Repurchase of Common Stock	-	-70.66	-58.99	-65.11	-	Upgrade
Common Dividends Paid	-	-275.02	-279.25	-238.98	-81.77	Upgrade
Net Increase (Decrease) in Deposit Accounts	-	2,098	2,333	4,883	2,605	Upgrade
Other Financing Activities	-	42.63	-93.57	39.83	-5.95	Upgrade
Financing Cash Flow	-	5,081	2,416	5,316	1,200	Upgrade
Foreign Exchange Rate Adjustments	-	77.81	-34.63	-394.23	-94.66	Upgrade
Net Cash Flow	-	-716.69	-96.73	2,139	86.73	Upgrade
Free Cash Flow	-	-3,864	-2,123	-1,607	-1,722	Upgrade
Free Cash Flow Margin	-	-147.21%	-96.74%	-82.84%	-116.39%	Upgrade
Free Cash Flow Per Share	-	-70.04	-38.87	-28.84	-30.83	Upgrade
Cash Interest Paid	-	1,821	1,363	1,088	867.21	Upgrade
Cash Income Tax Paid	-	355.57	184.12	243.79	13.76	Upgrade

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