Statement of cash flows

For the year ended December 31, 2025

Notes

2025

2024

Cash flow from operating activities for the year ended Dec. 31, 2025

Inflows

Interest received on loans

3,608

3,050

Repayments on loans

(3)

8,911

5,076

Sale and return of equity instruments to parties other than FMO

124

579

Results from equity investments

77

-

Dividends and fees received

43

164

Other received amounts

309

329

Outflows

Disbursements on loans

(3)

-16,964

-8,830

Investments in equity instruments & associates

(5),(6)

-1,324

-1,517

Disbursements on development contributions

-238

-535

Management fees FMO

-3,465

-3,624

Other financial assets investment

-835

-1,456

Other paid amounts

-106

-672

Net cash from operating activities

-9,860

-7,436

Cash flow from financing activities

Inflows

Contribution DGIS current year

(11)

12,459

9,100

Net cash from financing activities

12,459

9,100

Net change in cash & cash equivalents

2,599

1,664

Position on January 1 1)

15,327

13,150

Foreign exchange translation

-140

513

Position on December 31 1)

17,786

15,327

1 Cash includes current account with FMO.

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