AMS:BESI 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	131.64	181.99	177.08	240.65	282.42
Depreciation & Amortization	14.42	13.37	11.79	10.72	9.64
Other Amortization	19.3	15.23	13.95	12.27	7.86
Asset Writedown & Restructuring Costs	-	-	-	-	0.06
Stock-Based Compensation	16.38	30.07	19.11	15.26	16.41
Other Operating Activities	10.84	-0.48	13.47	14.53	21.2
Change in Accounts Receivable	-	-28.51	-0.71	43.17	-69.76
Change in Inventory	-	-10.41	-13.64	-1.99	-41.4
Change in Accounts Payable	-	3.27	8.02	-34.09	25.83
Change in Other Net Operating Assets	-14.44	-3.44	-20.5	-28.64	25.59
Operating Cash Flow	178.14	201.08	208.57	271.87	277.85
Operating Cash Flow Growth	-11.41%	-3.59%	-23.28%	-2.15%	71.49%
Capital Expenditures	-15.8	-11.95	-6.59	-6.54	-4.95
Sale of Property, Plant & Equipment	-	-	-	-	0.05
Sale (Purchase) of Intangibles	-25.99	-19.53	-21.43	-21.85	-23.4
Sale (Purchase) of Real Estate	-5.16	-	-	-	-
Investment in Securities	160	-105	-44.93	44.71	3.45
Investing Cash Flow	113.05	-136.48	-72.95	16.32	-24.85
Short-Term Debt Issued	-	0.78	-	-	-
Long-Term Debt Issued	-	350	-	172.67	1.02
Total Debt Issued	-	350.78	-	172.67	1.02
Short-Term Debt Repaid	-0.78	-	-	-	-
Long-Term Debt Repaid	-5.73	-4.31	-4.31	-4.1	-3.64
Total Debt Repaid	-6.5	-4.31	-4.31	-4.1	-3.64
Net Debt Issued (Repaid)	-6.5	346.46	-4.31	168.57	-2.62
Repurchase of Common Stock	-81.97	-79.83	-213.39	-146.78	-50.1
Common Dividends Paid	-172.81	-171.53	-222.11	-269.47	-129.36
Other Financing Activities	-	-6.42	-	-	-
Financing Cash Flow	-261.28	88.67	-439.8	-247.68	-182.07
Foreign Exchange Rate Adjustments	0.76	0.56	0.97	-0.22	5.05
Net Cash Flow	30.67	153.84	-303.21	40.29	75.99
Free Cash Flow	162.35	189.14	201.99	265.33	272.9
Free Cash Flow Growth	-14.16%	-6.36%	-23.87%	-2.78%	72.62%
Free Cash Flow Margin	27.45%	31.14%	34.89%	36.70%	36.42%
Free Cash Flow Per Share	2.04	2.31	2.44	3.10	3.20
Cash Interest Paid	-	4.26	4.85	4.77	4.57
Cash Income Tax Paid	28.25	23.26	27.56	35.35	9.65
Levered Free Cash Flow	106.91	117.68	125.25	164.1	155.14
Unlevered Free Cash Flow	122.6	128.1	132.54	171.72	161.99
Change in Working Capital	-14.44	-39.1	-26.82	-21.55	-59.73

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