Brera Holdings PLC (SLMT) Cash Flow Statement
Where SLMT’s cash came from and went, 2025
December 31, 2025 · euros- Cash from operations
- −€10.3M
- Capital expenditures
- €14,405 0.3% of revenue
- Free cash flow
- −€10.3M −239.0% margin
- Returned to shareholders
- €13,447
- Change in cash
- €14.9M cash at year-end €16.2M
Drawn to scale: where the cash came from and how it was used. Hover for values.
SLMT operating cash flow, capex and free cash flow
SLMT cash flow trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | €26,8072020 | −€10.3M2025 | — | |
| Capital expenditures | €02020 | €14,4052025 | — | |
| Free cash flow | €26,8062020 | −€10.3M2025 | — | |
| Free cash flow margin | 13.4%2020 | −239.0%2025 | −252.4 pts | |
| Stock-based compensation | €02022 | €269.1M2025 | — | |
| Dividends paid | €02021 | €02024 | — | |
| Share buybacks (net) | €02023 | €13,4472025 | — | |
| Capex / revenue | 0.0%2020 | 0.3%2025 | +0.3 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SLMT cash flow by activity
SLMT net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
SLMT cash flow statement in euros
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Operating activities | ||||||
| Net income | −€360.7M | −€5.0M | −€4.9M | −€1.2M | −€87,056 | €2,333 |
| Depreciation & amortization | €1.1M | €620,761 | €297,384 | €96,312 | €68,881 | €2,828 |
| Stock-based compensation | €269.1M | €170,317 | €170,317 | €0 | — | — |
| Change in working capital | €3.0M | €459,287 | €1.6M | €477,859 | €48,820 | €17,804 |
| Other non-cash items | €77.2M | €677,134 | €238,772 | −€264,752 | −€3,796 | €3,842 |
| Cash from operating activities | −€10.3M | −€3.1M | −€2.6M | −€917,436 | €26,849 | €26,807 |
| Investing activities | ||||||
| Capital expenditures | −€14,405 | −€213,942 | −€203,947 | −€1,209 | −€16,353 | €0 |
| Investments (net) | −€103.5M | €419,097 | −€426,320 | €0 | €0 | — |
| Acquisitions & other investing | −€1.6M | −€500,000 | −€1.5M | −€25,000 | €0 | — |
| Cash from investing activities | −€105.1M | −€294,845 | −€2.2M | −€26,209 | −€16,353 | — |
| Financing activities | ||||||
| Dividends paid | — | €0 | €0 | €0 | €0 | — |
| Share repurchases & issuance (net) | −€13,447 | €0 | €0 | — | — | — |
| Net borrowing (repayment) | €146,000 | €85,592 | −€398,555 | −€105,600 | −€34,762 | — |
| Shares issued | €131.7M | €2.6M | €6.8M | €1.3M | €0 | €0 |
| Other financing | −€4.6M | −€28,792 | €502,702 | −€3,863 | −€2,149 | €21,736 |
| Cash from financing activities | €127.3M | €2.7M | €6.9M | €1.2M | −€36,911 | €21,736 |
| Summary | ||||||
| Net change in cash | €14.9M | −€761,524 | €1.9M | €320,272 | −€26,415 | €53,305 |
| Cash at end of period | €16.2M | €1.5M | €2.3M | €347,229 | €26,957 | €53,305 |
| Free cash flow | −€10.3M | −€3.3M | −€2.6M | −€918,645 | €10,496 | €26,806 |
| Free cash flow margin | −239.0% | −115.6% | −228.5% | −565.6% | 2.5% | 13.4% |
| Capex / revenue | 0.3% | 7.4% | 17.8% | 0.7% | 3.9% | 0.0% |
| Operating cash flow / net income | — | — | — | — | — | 11.49 |
| Jun '26 | Mar '26 | Jun '25 | Mar '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Mar '23 | Dec '22 | Jun '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −€67.7M | −€371.4M | −€1.2M | −€1.6M | −€1.6M | −€2.4M | −€3.2M | −€1.5M | −€1.1M | −€1.1M | −€100,045 | −€62,067 |
| Depreciation & amortization | €2,583 | €1.1M | €59,049 | €256,431 | €265,539 | €42,279 | €215,400 | €318,391 | €46,654 | €50,206 | €48,815 | €46,763 |
| Change in working capital | €1.9M | €3.0M | €80,829 | €112,573 | €116,572 | −€254,859 | €1.9M | €99,882 | €127,533 | €137,240 | €77,207 | €3,601 |
| Other non-cash items | €53.4M | €359.6M | −€1.9M | −€469,014 | −€485,673 | €845,922 | −€785,901 | €368,198 | −€8,691 | −€9,354 | €10,469 | €25,779 |
| Cash from operating activities | −€12.4M | −€7.7M | −€2.9M | −€1.7M | −€1.7M | −€1.7M | −€1.8M | −€718,121 | −€899,444 | −€967,904 | €36,446 | €14,076 |
| Investing activities | ||||||||||||
| Capital expenditures | −€6,027 | −€13,985 | −€905 | −€2,909 | −€3,013 | −€2,351 | −€216,271 | −€4 | −€88 | −€95 | −€1,265 | −€4,366 |
| Acquisitions & other investing | −€2.6M | −€105.8M | −€2.9M | −€386,914 | −€400,656 | €81,086 | −€1.0M | −€876,533 | −€23,362 | −€25,140 | €4 | −€0 |
| Cash from investing activities | −€2.6M | −€105.8M | −€2.9M | −€389,823 | −€403,669 | €78,735 | −€1.2M | −€876,537 | −€23,450 | −€25,235 | −€1,261 | −€4,366 |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | — | −€13,895 | — | — | — | — | — | — | — | — | — | — |
| Shares issued | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 |
| Other financing | €10.0M | €126.8M | €4.8M | €3.3M | €3.4M | −€107,607 | €517,607 | €5.8M | €1.2M | €1.3M | −€43,318 | −€17,421 |
| Cash from financing activities | €10.0M | €126.7M | €4.8M | €3.3M | €3.4M | −€107,607 | €517,607 | €5.8M | €1.2M | €1.3M | −€43,318 | −€17,421 |
| Summary | ||||||||||||
| Net change in cash | −€5.1M | €15.5M | −€694,682 | €1.1M | €1.1M | −€1.9M | −€2.5M | €4.3M | €325,750 | €350,544 | −€10,148 | €27,036 |
| Cash at end of period | €11.3M | €16.2M | €659,450 | €1.5M | €1.6M | €425,386 | €2.5M | €4.6M | €344,368 | €370,580 | €19,149 | €27,036 |
| Free cash flow | −€12.4M | −€7.7M | −€2.9M | −€1.7M | −€1.7M | −€1.7M | −€2.0M | −€718,125 | −€899,357 | −€967,810 | €35,180 | €9,710 |
| Free cash flow margin | −462.5% | −184.2% | −1,155.9% | −126.3% | −126.3% | −352.8% | −177.3% | −917.1% | −3,092.7% | −3,092.6% | 25.6% | 3.5% |
| Capex / revenue | 0.2% | 0.3% | 0.4% | 0.2% | 0.2% | 0.5% | 18.7% | 0.0% | 0.3% | 0.3% | 0.9% | 1.6% |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported; data from EODHD.
SLMT cash generation
In fiscal 2025 (ended December 31, 2025), Brera generated -€10.3 million of cash from operations and spent €0.0 million on capital expenditures, leaving free cash flow of -€10.3 million, −239.0% of revenue. It returned €0.0 million to shareholders through dividends (€0) and net share buybacks (€0.0 million). Cash and equivalents rose by €14.9 million over the year.
Related: SLMT income statement, SLMT balance sheet. See the SLMT stock overview for the latest quote and news.
SLMT cash flow FAQ
What is Brera's free cash flow?
Brera's free cash flow was -€10.3 million in fiscal 2025: -€10.3 million of operating cash flow minus €0.0 million of capital expenditures It was -€3.3 million a year earlier..
How much cash does Brera generate from operations?
Brera generated -€10.3 million of cash from operating activities in fiscal 2025.
How much does Brera spend on capital expenditures?
Brera spent €0.0 million on capital expenditures in fiscal 2025, 0.3% of revenue, compared with €0.2 million the year before.
How much stock does Brera buy back?
Brera spent €0.0 million on net share repurchases in fiscal 2025.