Azerion Group Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-31.1	-57.9	23.7	-134.3	-19.6	-5.32
Depreciation & Amortization	53.5	47.8	46.4	38	22.9	13.35
Loss (Gain) From Sale of Assets	-22.3	-	0.1	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	0.5	1.9	4.68
Stock-Based Compensation	-	0.4	0.8	22.7	1.2	0.43
Other Operating Activities	13.5	29.3	-48.1	97	14	3.2
Change in Accounts Receivable	0.7	21.3	12.2	-22.1	-2.7	0.9
Change in Accounts Payable	-20.6	-33.1	14.8	43.1	6.6	2.71
Change in Other Net Operating Assets	-	-	-	-	-0.3	-0.39
Operating Cash Flow	-6.3	7.8	49.9	44.9	24	19.55
Operating Cash Flow Growth	-	-84.37%	11.14%	87.08%	22.75%	-
Capital Expenditures	-1	-0.8	-1.5	-1.5	-1.4	-0.21
Cash Acquisitions	-25.1	-27.7	-43.9	-54.1	-64.3	-10.48
Divestitures	51	11.2	66	-	-	-
Sale (Purchase) of Intangibles	-20.6	-20	-23.3	-20.2	-16.7	-12.09
Investment in Securities	-0.5	0.5	-2.6	-	-	-
Other Investing Activities	-	-	-	-	-	0.11
Investing Cash Flow	3.8	-36.8	-5.3	-75.8	-83.1	-22.66
Long-Term Debt Issued	-	94.2	163.1	0.5	227.5	70.42
Long-Term Debt Repaid	-	-11.8	-211.1	-12.6	-117.9	-45.2
Net Debt Issued (Repaid)	27.2	82.4	-48	-12.1	109.6	25.22
Other Financing Activities	-2.1	-2.3	-7.4	59.5	-25.6	-21.6
Financing Cash Flow	25.1	80.1	-55.4	47.4	84	3.62
Foreign Exchange Rate Adjustments	-1.8	-0.8	0.2	-0.9	-	-0.03
Net Cash Flow	20.4	50.3	-10.6	15.6	24.9	0.48
Free Cash Flow	-7.3	7	48.4	43.4	22.6	19.35
Free Cash Flow Growth	-	-85.54%	11.52%	92.03%	16.83%	-
Free Cash Flow Margin	-1.26%	1.27%	9.40%	9.59%	7.33%	9.92%
Free Cash Flow Per Share	-	0.06	0.39	0.38	0.25	164.55
Cash Interest Paid	34.4	26.8	17.2	18.7	14	6.8
Cash Income Tax Paid	4.1	4.2	3.7	1.4	1.3	0.07
Levered Free Cash Flow	21.15	2.65	8.19	24.24	61.06	5.57
Unlevered Free Cash Flow	43.21	23.46	25.5	38.36	73.5	9.91
Change in Working Capital	-19.9	-11.8	27	21	3.6	3.22

Source: S&P Global Market Intelligence. Standard template. Financial Sources.