Alter Ego Media 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	19.66	10.88	3.89	3.93	-5.17
Depreciation & Amortization	24.56	3.95	3.51	1.61	1.36
Other Amortization	-	25.7	22.33	19.66	20.53
Loss (Gain) From Sale of Assets	-0.01	0.01	0.01	-0.09	-
Loss (Gain) on Equity Investments	-0.11	-0.16	-0.17	-0.1	-0.07
Provision & Write-off of Bad Debts	0.31	-	-	-	-
Other Operating Activities	3.39	-1.99	-0.16	0.06	2.36
Change in Accounts Receivable	-10.1	2.09	-2.68	-29.38	-22.15
Change in Inventory	0.36	-0.6	-0.2	0.54	-1.07
Change in Accounts Payable	-2.67	4.84	12.04	-	-
Change in Other Net Operating Assets	-	-	-	16.92	9.88
Operating Cash Flow	35.38	44.71	38.54	13.14	5.66
Operating Cash Flow Growth	-20.88%	16.01%	193.30%	132.12%	-
Capital Expenditures	-1.9	-5.84	-1.35	-26.72	-23.54
Sale of Property, Plant & Equipment	0.03	0	0.01	-	-
Cash Acquisitions	-18.74	-	-	-	-
Sale (Purchase) of Intangibles	-26.1	-29.66	-21.89	-	-
Investment in Securities	-	0.13	0.01	-	-
Other Investing Activities	0.65	0	-0	0	0
Investing Cash Flow	-46.06	-35.37	-23.22	-26.72	-23.54
Short-Term Debt Issued	-	-	-	10.5	11.66
Total Debt Issued	-	-	-	10.5	11.66
Long-Term Debt Repaid	-4.92	-6.18	-12.21	-	-
Net Debt Issued (Repaid)	-4.92	-6.18	-12.21	10.5	11.66
Issuance of Common Stock	52.75	-	-	1.37	5
Common Dividends Paid	-0.89	-	-	-	-
Other Financing Activities	0	-0	0	-	-
Financing Cash Flow	46.94	-6.18	-12.21	11.87	16.66
Net Cash Flow	36.26	3.17	3.11	-1.71	-1.21
Free Cash Flow	33.48	38.87	37.2	-13.58	-17.88
Free Cash Flow Growth	-13.87%	4.51%	-	-	-
Free Cash Flow Margin	23.90%	31.26%	34.32%	-12.89%	-22.67%
Free Cash Flow Per Share	0.60	0.91	-	-23.83	-31.36
Cash Interest Paid	-	4.02	3.53	3.11	2.17
Cash Income Tax Paid	-	1.24	-	0	-
Levered Free Cash Flow	4.21	9.97	41.2	-21.37	-17.2
Unlevered Free Cash Flow	6.3	12.45	43.4	-19.43	-15.84
Change in Working Capital	-12.41	6.32	9.15	-11.93	-13.34

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