Alfen 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	-0.19	-27.01	29.68	53.05	21.45
Depreciation & Amortization	17.3	21.61	8.94	6.68	5.51
Other Amortization	4.86	4.66	5.21	3.48	3
Asset Writedown & Restructuring Costs	-	-	-	-	0
Stock-Based Compensation	0.76	0.46	1.05	1	0.64
Other Operating Activities	-2.49	5.86	-3.96	7.12	2
Change in Accounts Receivable	31.43	1.26	-17.29	-34.74	-28.28
Change in Inventory	19.84	49.24	-18.96	-90.23	-21.6
Change in Accounts Payable	-40.89	-9.64	1.18	42.08	21.03
Change in Other Net Operating Assets	1.92	9.39	-0.23	12	6.78
Operating Cash Flow	32.54	55.82	5.64	0.43	10.54
Operating Cash Flow Growth	-41.70%	890.24%	1213.99%	-95.93%	-47.60%
Capital Expenditures	-3.54	-13.8	-23.99	-11.46	-4.03
Sale (Purchase) of Intangibles	-10.45	-10.77	-10.71	-9.57	-7.65
Investing Cash Flow	-13.99	1.15	-59.1	-21.03	-11.68
Long-Term Debt Issued	0.43	0.32	35	-	-
Long-Term Debt Repaid	-9.34	-34.82	-6.63	-3.8	-3.92
Net Debt Issued (Repaid)	-8.91	-34.5	28.37	-3.8	-3.92
Repurchase of Common Stock	-0.05	-1.07	-2.07	-0.04	-
Financing Cash Flow	-8.95	-35.57	26.3	-3.84	-3.92
Net Cash Flow	9.61	21.4	-27.17	-24.44	-5.07
Free Cash Flow	29.01	42.03	-18.36	-11.03	6.51
Free Cash Flow Growth	-30.98%	-	-	-	-57.96%
Free Cash Flow Margin	6.66%	8.62%	-3.64%	-2.51%	2.61%
Free Cash Flow Per Share	1.33	1.93	-0.84	-0.51	0.30
Cash Interest Paid	1.5	3.23	2.36	0.73	0.63
Cash Income Tax Paid	-2.7	4.91	13.78	5.57	3.45
Levered Free Cash Flow	21.27	53.91	-61.93	-32.18	-7.01
Unlevered Free Cash Flow	23.36	57.08	-59.8	-31.57	-6.39
Change in Working Capital	12.31	50.24	-35.3	-70.89	-22.06

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