Valmet Oyj 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	280	280	357	337	296
Depreciation & Amortization	209	199	177	187	108
Other Amortization	-	20	19	16	12
Loss (Gain) From Sale of Investments	-	-	-	-59	-
Other Operating Activities	53	12	-21	-46	-10
Change in Accounts Receivable	-	242	-	-	-
Change in Inventory	-	145	-	-	-
Change in Accounts Payable	-	-59	-	-	-
Change in Unearned Revenue	-	-247	-	-	-
Change in Other Net Operating Assets	39	-38	-180	-399	76
Operating Cash Flow	581	554	352	36	482
Operating Cash Flow Growth	4.87%	57.39%	877.78%	-92.53%	-9.40%
Capital Expenditures	-103	-83	-98	-80	-68
Sale of Property, Plant & Equipment	3	2	6	2	2
Cash Acquisitions	1	-135	-415	117	-15
Sale (Purchase) of Intangibles	-	-24	-27	-32	-29
Investment in Securities	2	2	2	13	11
Investing Cash Flow	-97	-238	-532	20	-99
Short-Term Debt Issued	16	-	-	96	-
Long-Term Debt Issued	281	375	725	400	100
Total Debt Issued	297	375	725	496	100
Short-Term Debt Repaid	-	-42	-58	-	-
Long-Term Debt Repaid	-451	-342	-84	-626	-145
Total Debt Repaid	-451	-384	-142	-626	-145
Net Debt Issued (Repaid)	-154	-9	583	-130	-45
Repurchase of Common Stock	-3	-3	-4	-5	-3
Common Dividends Paid	-248	-248	-239	-179	-134
Other Financing Activities	4	-8	6	22	27
Financing Cash Flow	-401	-268	346	-292	-155
Foreign Exchange Rate Adjustments	-30	3	-10	-4	16
Miscellaneous Cash Flow Adjustments	-	-1	-1	-	-1
Net Cash Flow	53	50	155	-240	243
Free Cash Flow	478	471	254	-44	414
Free Cash Flow Growth	1.49%	85.43%	-	-	-12.29%
Free Cash Flow Margin	9.20%	8.79%	4.59%	-0.87%	10.52%
Free Cash Flow Per Share	2.60	2.56	1.38	-0.25	2.77
Cash Interest Paid	-	74	31	12	8
Cash Income Tax Paid	125	134	143	131	91
Levered Free Cash Flow	489.75	470.37	85.66	-199.17	415.11
Unlevered Free Cash Flow	528.5	525.99	109.41	-192.92	415.73
Change in Working Capital	39	43	-180	-399	76

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