Karelia Tobacco Company 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	Sep '25 Sep 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	107.28	112.8	86.85	85.36	87.69	54.66
Depreciation & Amortization	7.6	7.61	7.55	7.32	7.51	7.29
Loss (Gain) From Sale of Assets	-1.01	-1.01	-	-	-	-0
Asset Writedown & Restructuring Costs	3.62	3.62	-	-	-	-
Loss (Gain) From Sale of Investments	0.95	-0.94	-3.04	3.73	-0.69	2.62
Provision & Write-off of Bad Debts	0.06	0.05	0	-0.01	-	-
Other Operating Activities	-17.78	-33.55	-12.21	-0.73	3.72	-4.77
Change in Accounts Receivable	2.32	4.63	-4.37	-3.16	-3.69	10.57
Change in Inventory	-3.76	-8.39	-11.55	14.22	-17.87	5.39
Change in Other Net Operating Assets	14.84	7.52	14.14	30.12	14.53	-21.08
Operating Cash Flow	114.11	92.35	77.37	136.86	91.2	54.69
Operating Cash Flow Growth	18.33%	19.36%	-43.47%	50.06%	66.77%	-19.87%
Capital Expenditures	-4.47	-2.46	-2.81	-1.41	-0.97	-4.71
Sale of Property, Plant & Equipment	-	-	-	-	-	0
Sale (Purchase) of Intangibles	-0.08	-0.01	-0.03	-0.01	-0.05	-0.15
Investment in Securities	-93.41	7.16	-164.18	-153.3	-88.76	82.67
Other Investing Activities	22.63	23.5	14.56	3.91	2.21	3.08
Investing Cash Flow	-75.34	28.19	-152.46	-150.81	-87.57	80.89
Long-Term Debt Repaid	-	-0.6	-0.52	-0.14	-0.27	-0.38
Total Debt Repaid	-0.6	-0.6	-0.52	-0.14	-0.27	-0.38
Net Debt Issued (Repaid)	-0.6	-0.6	-0.52	-0.14	-0.27	-0.38
Common Dividends Paid	-38.64	-34.23	-32.57	-30.36	-25.95	-25.95
Other Financing Activities	0.03	0.03	-	-	-	-11.49
Financing Cash Flow	-39.21	-34.8	-33.09	-30.5	-26.22	-37.82
Foreign Exchange Rate Adjustments	3.28	3.33	-1.9	-	-	-
Net Cash Flow	2.84	89.08	-110.08	-44.44	-22.58	97.76
Free Cash Flow	109.64	89.9	74.56	135.45	90.23	49.98
Free Cash Flow Growth	15.60%	20.57%	-44.95%	50.11%	80.55%	-16.09%
Free Cash Flow Margin	34.72%	31.75%	26.80%	52.70%	7.62%	23.68%
Free Cash Flow Per Share	39.72	32.57	27.01	49.08	32.69	18.11
Cash Interest Paid	1.28	1.44	1.29	1.43	-	3.55
Cash Income Tax Paid	27.54	25.77	29.59	22.45	17.51	19.62
Levered Free Cash Flow	100.45	79.58	64.95	115.74	67.31	48.55
Unlevered Free Cash Flow	100.45	79.58	64.95	115.74	67.31	50.78
Change in Working Capital	13.39	3.76	-1.77	41.18	-7.03	-5.12

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