Alter Ego Media 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	Jun '25 Jun 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	15.84	10.88	3.89	3.93	-5.17	-5.87
Depreciation & Amortization	-11.11	3.95	3.51	1.61	1.36	7.81
Other Amortization	36.84	25.7	22.33	19.66	20.53	-
Loss (Gain) From Sale of Assets	0	0.01	0.01	-0.09	-	-
Loss (Gain) on Equity Investments	-0.32	-0.16	-0.17	-0.1	-0.07	-
Other Operating Activities	-1.89	-1.99	-0.16	0.06	2.36	0.31
Change in Accounts Receivable	-6.02	2.09	-2.68	-29.38	-22.15	-21.42
Change in Inventory	-0	-0.6	-0.2	0.54	-1.07	-0.32
Change in Accounts Payable	-7.86	4.84	12.04	-	-	-
Change in Other Net Operating Assets	-	-	-	16.92	9.88	10.31
Operating Cash Flow	25.49	44.71	38.54	13.14	5.66	-9.18
Operating Cash Flow Growth	93.95%	16.01%	193.30%	132.12%	-	-
Capital Expenditures	-4.23	-5.84	-1.35	-26.72	-23.54	-38.09
Sale of Property, Plant & Equipment	0.03	0	0.01	-	-	-
Sale (Purchase) of Intangibles	-23.19	-29.66	-21.89	-	-	-
Investment in Securities	0.13	0.13	0.01	-	-	-
Other Investing Activities	0.2	0	-0	0	0	0.01
Investing Cash Flow	-27.06	-35.37	-23.22	-26.72	-23.54	-38.08
Short-Term Debt Issued	-	-	-	10.5	11.66	8.7
Total Debt Issued	-	-	-	10.5	11.66	8.7
Long-Term Debt Repaid	-	-6.18	-12.21	-	-	-
Net Debt Issued (Repaid)	-3.66	-6.18	-12.21	10.5	11.66	8.7
Issuance of Common Stock	51.61	-	-	1.37	5	41.31
Other Financing Activities	-	-0	0	-	-	-
Financing Cash Flow	47.95	-6.18	-12.21	11.87	16.66	50.01
Net Cash Flow	46.38	3.17	3.11	-1.71	-1.21	2.75
Free Cash Flow	21.26	38.87	37.2	-13.58	-17.88	-47.26
Free Cash Flow Growth	-	4.51%	-	-	-	-
Free Cash Flow Margin	16.52%	31.26%	34.32%	-12.89%	-22.67%	-97.34%
Free Cash Flow Per Share	0.37	0.91	-	-23.83	-31.36	-
Cash Interest Paid	3.93	4.02	3.53	3.11	2.17	1.62
Cash Income Tax Paid	2.65	1.24	-	0	-	-
Levered Free Cash Flow	-	9.97	41.2	-21.37	-17.2	-
Unlevered Free Cash Flow	-	12.45	43.4	-19.43	-15.84	-
Change in Working Capital	-13.88	6.32	9.15	-11.93	-13.34	-11.43

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