Aalberts Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
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
Net Income	149	179.1	315.8	317.3	360.1
Depreciation & Amortization	217.6	211.5	193.5	182.1	172.5
Other Amortization	8.2	7	5.7	6	6.8
Loss (Gain) From Sale of Assets	-9.9	-9.8	-34.4	-35.4	-172.6
Asset Writedown & Restructuring Costs	40.9	34.4	-	-	20.7
Other Operating Activities	-70.2	28.6	1.6	20.7	1.5
Change in Accounts Receivable	21.9	-27.9	-25.4	-45	-63.7
Change in Inventory	70.2	9.8	57.6	-198.8	-156.2
Change in Accounts Payable	-52.8	-	-22.3	0.4	122.6
Operating Cash Flow	374.9	432.7	492.1	247.3	291.7
Operating Cash Flow Growth	-13.36%	-12.07%	98.99%	-15.22%	-22.75%
Capital Expenditures	-203.7	-240.7	-218.7	-188.7	-144.6
Sale of Property, Plant & Equipment	13	11.1	20.3	8.1	2.1
Cash Acquisitions	-411.2	-19.3	-16.4	-182.8	-191.1
Divestitures	111.7	42.7	98.1	65	298.4
Sale (Purchase) of Intangibles	-20.3	-22.2	-15.9	-13.3	-12.2
Investing Cash Flow	-510.5	-228.4	-132.6	-311.7	-47.4
Short-Term Debt Issued	24.1	27.6	-	-	-
Long-Term Debt Issued	714.8	27.3	10.3	351.3	-
Total Debt Issued	738.9	54.9	10.3	351.3	-
Long-Term Debt Repaid	-356	-150.7	-96.6	-137.1	-199.4
Net Debt Issued (Repaid)	382.9	-95.8	-86.3	214.2	-199.4
Repurchase of Common Stock	-75.6	-	-	-	-
Common Dividends Paid	-123.5	-125	-122.7	-182.5	-66.3
Other Financing Activities	-	-4.8	-4.3	-8.8	-0.1
Financing Cash Flow	183.8	-225.6	-213.3	22.9	-265.8
Foreign Exchange Rate Adjustments	0.6	-8.6	0.6	-8.6	4.9
Miscellaneous Cash Flow Adjustments	-12	-	-	-	-
Net Cash Flow	36.8	-29.9	146.8	-50.1	-16.6
Free Cash Flow	171.2	192	273.4	58.6	147.1
Free Cash Flow Growth	-10.83%	-29.77%	366.55%	-60.16%	-45.52%
Free Cash Flow Margin	5.54%	6.10%	8.22%	1.81%	4.94%
Free Cash Flow Per Share	1.57	1.73	2.47	0.53	1.33
Cash Interest Paid	41.9	31.6	38.1	15.9	14.9
Cash Income Tax Paid	85.4	103.5	103.4	89.1	119.6
Levered Free Cash Flow	122.34	200.5	256.88	14.79	161.68
Unlevered Free Cash Flow	150.84	219.13	277.88	27.6	170.24
Change in Working Capital	39.3	-18.1	9.9	-243.4	-97.3

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.