Theon International 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	80.46	67.42	36.1	30	19.06
Depreciation & Amortization	4.03	2.37	1.35	1.29	1.23
Other Amortization	-	0.14	-0.08	0.18	0.06
Loss (Gain) From Sale of Assets	0.03	0.01	-0.02	-0.05	-0.04
Loss (Gain) From Sale of Investments	-5.68	-0.1	-0.13	-0.08	-0.05
Loss (Gain) on Equity Investments	-3.25	-2.45	-0.59	-	-
Provision & Write-off of Bad Debts	0.21	0.66	-0.06	0.16	0.01
Other Operating Activities	6.45	7.39	7.3	5.49	3.61
Change in Accounts Receivable	-18.25	-74.41	16.43	-54.7	-8.8
Change in Inventory	-16.38	-6.41	-30.21	-19.51	-2.22
Change in Accounts Payable	3.92	-18.32	27.02	11.39	-
Change in Unearned Revenue	-2.75	-1.71	-21	20.62	-
Change in Other Net Operating Assets	-3.28	-0.55	1.56	-1.93	6.01
Operating Cash Flow	45.5	-26.12	37.69	-7.14	18.88
Operating Cash Flow Growth	-	-	-	-	96.69%
Capital Expenditures	-11.39	-4.57	-7	-3.83	-4.6
Sale of Property, Plant & Equipment	0.06	2.05	0.02	0.19	-
Cash Acquisitions	-0.07	0.57	-	-	-
Sale (Purchase) of Intangibles	-7.27	-6.15	-0.57	-	-
Sale (Purchase) of Real Estate	-	-0.01	-	-	-
Investment in Securities	-3.25	-30.46	-0.09	-0.39	-
Other Investing Activities	3.32	2.89	0.33	-8.5	0.42
Investing Cash Flow	-18.59	-35.67	0.21	-11.31	-4.18
Long-Term Debt Issued	177.98	154.16	89.62	42.92	37.47
Long-Term Debt Repaid	-125.92	-148.04	-73.29	-26.52	-40.31
Net Debt Issued (Repaid)	52.06	6.12	16.33	16.4	-2.84
Issuance of Common Stock	151.28	100	-	-	-
Repurchase of Common Stock	-37.62	-7.78	-2.43	-	-
Common Dividends Paid	-23.8	-14.44	-	-	-
Other Financing Activities	-	-	0.04	-	-0.47
Financing Cash Flow	141.92	83.91	3.94	16.4	-3.31
Foreign Exchange Rate Adjustments	0.18	0.04	-0.24	-0.01	0.07
Net Cash Flow	169.01	22.17	41.6	-2.06	11.46
Free Cash Flow	34.11	-30.69	30.68	-10.97	14.28
Free Cash Flow Growth	-	-	-	-	72.27%
Free Cash Flow Margin	7.69%	-8.71%	14.03%	-7.67%	17.72%
Free Cash Flow Per Share	0.49	-0.44	0.51	-0.55	0.71
Cash Interest Paid	-	3.47	2.34	0.64	0.47
Cash Income Tax Paid	-	13.52	11.28	3.65	3.03
Levered Free Cash Flow	11.9	-42.13	31.31	-16.01	9.4
Unlevered Free Cash Flow	20.85	-39.86	32.88	-15.48	9.71
Change in Working Capital	-36.74	-101.41	-6.19	-44.13	-5

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