ATH:EXAE 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	31.63	17.34	13	8.21	8.21
Depreciation & Amortization	1.45	1.44	1.28	1.22	2.32
Other Amortization	3.05	2.77	2.54	2.54	2.18
Loss (Gain) From Sale of Assets	-0.25	-	-	-	-
Asset Writedown & Restructuring Costs	-0.29	-0.33	-0.17	-0.07	-0.47
Loss (Gain) on Equity Investments	-0.66	-0.61	-0.43	-0.7	-0.24
Other Operating Activities	2.69	-0.93	1.72	-1.27	0.71
Change in Accounts Receivable	-2.74	-0.98	-5.03	-0.05	1.2
Change in Other Net Operating Assets	18.69	2.35	5.32	-1.24	1.34
Operating Cash Flow	53.58	21.05	18.24	8.64	15.24
Operating Cash Flow Growth	154.48%	15.42%	111.01%	-43.28%	109.83%
Capital Expenditures	-0.25	-1.65	-1.92	-0.74	-2.47
Sale of Property, Plant & Equipment	2.5	-	-	-	-
Sale (Purchase) of Intangibles	-2.87	-4.12	-2.56	-3.32	-
Investment in Securities	0.64	2.45	-3.09	-	0.34
Other Investing Activities	2.15	2.08	1.21	0.76	0.09
Investing Cash Flow	2.18	-1.23	-6.36	-3.3	-2.03
Long-Term Debt Repaid	-0.14	-0.14	-0.11	-0.07	-0.04
Net Debt Issued (Repaid)	-0.14	-0.14	-0.11	-0.07	-0.04
Repurchase of Common Stock	-	-	-	-7.48	-5.08
Common Dividends Paid	-17.5	-14.48	-9.05	-9.05	-4.22
Financing Cash Flow	-17.64	-14.63	-9.16	-16.6	-9.35
Net Cash Flow	38.11	5.19	2.72	-11.25	3.86
Free Cash Flow	53.33	19.4	16.32	7.9	12.77
Free Cash Flow Growth	174.88%	18.89%	106.54%	-38.15%	96.58%
Free Cash Flow Margin	64.37%	37.28%	36.13%	21.67%	36.72%
Free Cash Flow Per Share	0.92	0.34	0.28	0.13	0.21
Cash Interest Paid	0.03	0.04	0.04	0.05	0.11
Cash Income Tax Paid	5.21	4.07	1.37	2.56	0.26
Levered Free Cash Flow	39.86	8.84	11.46	4.03	9.71
Unlevered Free Cash Flow	39.89	8.87	11.49	4.07	9.78
Change in Working Capital	15.95	1.37	0.29	-1.29	2.53

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