PRONI Cash Flow Statement

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

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2018
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021	2020 - 2018
Net Income	361	-	-	-	-	Upgrade
Depreciation & Amortization	15	-	-	-	-	Upgrade
Other Operating Activities	2	-	-	-	-	Upgrade
Change in Accounts Receivable	-90	-	-	-	-	Upgrade
Change in Accounts Payable	211	-	-	-	-	Upgrade
Change in Other Net Operating Assets	88	-	-	-	-	Upgrade
Operating Cash Flow	587	-	-	-	-	Upgrade
Capital Expenditures	-4	-	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-102	-	-	-	-	Upgrade
Other Investing Activities	35	-	-	-	-	Upgrade
Investing Cash Flow	-71	-	-	-	-	Upgrade
Long-Term Debt Issued	494	-	-	-	-	Upgrade
Long-Term Debt Repaid	-155	-	-	-	-	Upgrade
Net Debt Issued (Repaid)	339	-	-	-	-	Upgrade
Issuance of Common Stock	402	-	-	-	-	Upgrade
Other Financing Activities	1	-	-	-	-	Upgrade
Financing Cash Flow	742	-	-	-	-	Upgrade
Net Cash Flow	1,258	-	-	-	-	Upgrade
Free Cash Flow	583	-	-	-	-	Upgrade
Free Cash Flow Margin	18.03%	-	-	-	-	Upgrade
Free Cash Flow Per Share	126.69	-	-	-	-	Upgrade
Cash Interest Paid	13	-	-	-	-	Upgrade
Levered Free Cash Flow	316.5	-	-	-	-	Upgrade
Unlevered Free Cash Flow	325.25	-	-	-	-	Upgrade
Change in Working Capital	209	-	-	-	-	Upgrade

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