Cash flow statement

JANUARY 1 TO DECEMBER 31
€m Note 2024 2025
Consolidated net profit for the period   3,569 3,706
+ Income taxes   1,494 1,540
+ Net finance costs   823 857
= Profit from operating activities (EBIT)   5,886 6,103
+ Depreciation, amortization and impairment losses   4,720 4,867
+ Net loss/net income from disposal of noncurrent assets   -25 -168
+ Other noncash income and expense   -239 -101
+ Change in provisions   180 27
+ Change in other noncurrent assets and liabilities   -57 -45
+ Dividends received   3 2
+ Income taxes paid   -1,541 -1,198
= Net cash from operating activities before changes in working capital   8,927 9,487
+ Change in inventories   -63 -4
+ Change in receivables and other current assets   -768 -993
+ Change in liabilities and other items   625 629
= Net cash from operating activities 43 8,722 9,119
Subsidiaries and other business units   0 25
+ Property, plant and equipment and intangible assets   189 115
+ Investments accounted for using the equity method and other investments   53 0
+ Other noncurrent financial assets   206 214
= Proceeds from disposal of noncurrent assets   448 354
Subsidiaries and other business units   -23 -526
+ Property, plant and equipment and intangible assets   -2,936 -2,795
+ Investments accounted for using the equity method and other investments   -42 -405
+ Other noncurrent financial assets   -19 -347
= Cash paid to acquire noncurrent assets   -3,020 -4,073
+ Interest received   222 217
+ Proceeds from/payments for current financial assets   -42 -1,218
= Net cash used in investing activities 43 -2,392 -4,720
Proceeds from issuance of noncurrent financial liabilities   1,341 4,459
+ Repayments of noncurrent financial liabilities   -3,336 -3,764
+ Change in current financial liabilities   174 -244
+ Other financing activities   16 -165
+ Proceeds from transactions with noncontrolling interests   3 1
+ Cash paid for transactions with noncontrolling interests   -6 0
+ Dividend paid to Deutsche Post AG shareholders 35 -2,169 -2,123
+ Dividend paid to noncontrolling-interest holders   -248 -204
+ Purchase of treasury shares   -1,234 -1,446
+ Interest paid   -888 -932
= Net cash used in financing activities 43 -6,347 -4,418
Net change in cash and cash equivalents   -17 -19
+ Effect of changes in exchange rates on cash and cash equivalents   -13 -224
+ Cash and cash equivalents as of January 1   3,649 3,619
= Cash and cash equivalents as of December 31 31 3,619 3,376
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