Karelia Tobacco Company 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	103.28	112.8	86.85	85.36	87.69
Depreciation & Amortization	7.2	7.61	7.55	7.32	7.51
Asset Writedown & Restructuring Costs	-	3.62	-	-	-
Loss (Gain) From Sale of Investments	-0.43	-1.94	-3.04	3.73	-0.69
Provision & Write-off of Bad Debts	-0.01	0.05	0	-0.01	-
Other Operating Activities	-4.71	-33.55	-12.21	-0.73	3.72
Change in Accounts Receivable	-14.24	4.63	-4.37	-3.16	-3.69
Change in Inventory	-11.76	-8.39	-11.55	14.22	-17.87
Change in Other Net Operating Assets	13.77	7.52	14.14	30.12	14.53
Operating Cash Flow	93.11	92.35	77.37	136.86	91.2
Operating Cash Flow Growth	0.82%	19.36%	-43.47%	50.06%	66.77%
Capital Expenditures	-4.98	-2.46	-2.81	-1.41	-0.97
Sale (Purchase) of Intangibles	-0.08	-0.01	-0.03	-0.01	-0.05
Investment in Securities	-78.8	7.16	-164.18	-153.3	-88.76
Other Investing Activities	20.6	23.5	14.56	3.91	2.21
Investing Cash Flow	-63.26	28.19	-152.46	-150.81	-87.57
Long-Term Debt Repaid	-0.59	-0.6	-0.52	-0.14	-0.27
Total Debt Repaid	-0.59	-0.6	-0.52	-0.14	-0.27
Net Debt Issued (Repaid)	-0.59	-0.6	-0.52	-0.14	-0.27
Common Dividends Paid	-38.64	-34.23	-32.57	-30.36	-25.95
Other Financing Activities	0.01	0.03	-	-	-
Financing Cash Flow	-39.21	-34.8	-33.09	-30.5	-26.22
Foreign Exchange Rate Adjustments	-0.52	3.33	-1.9	-	-
Net Cash Flow	-9.88	89.08	-110.08	-44.44	-22.58
Free Cash Flow	88.14	89.9	74.56	135.45	90.23
Free Cash Flow Growth	-1.96%	20.57%	-44.95%	50.11%	80.55%
Free Cash Flow Margin	25.72%	31.75%	26.80%	52.70%	7.62%
Free Cash Flow Per Share	31.93	32.57	27.01	49.08	32.69
Cash Interest Paid	1.07	1.44	1.29	1.43	-
Cash Income Tax Paid	31.3	25.77	29.59	22.45	17.51
Levered Free Cash Flow	75.99	77.92	64.95	115.74	67.31
Unlevered Free Cash Flow	76.66	78.82	64.95	115.74	67.31
Change in Working Capital	-12.23	3.76	-1.77	41.18	-7.03

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