Alerion Clean Power 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	93.27	95.79	66.82	71.04	48.74
Depreciation & Amortization	53.08	52.68	50.81	42.44	40.79
Other Amortization	-	0.57	0.57	0.55	0.18
Loss (Gain) on Sale of Investments	-100.95	-76.86	-14.74	-	-
Loss (Gain) on Equity Investments	-1.68	-2.63	-26.73	-7.8	-14.06
Asset Writedown	10.42	-0.35	25.05	-	-
Stock-Based Compensation	0.37	0.7	0.57	0.51	-
Change in Accounts Receivable	-1.4	-15.37	0.42	17.85	-33.37
Change in Inventory	-1.48	-6.86	-2.79	-2.83	-
Change in Accounts Payable	-9.95	-21.35	-53.34	-70.82	-8.81
Change in Other Net Operating Assets	-2.72	-3.45	-42.75	0.61	39.39
Other Operating Activities	30.96	29.99	90.41	164.83	38.27
Operating Cash Flow	70.4	58.99	86.21	218.61	116.86
Operating Cash Flow Growth	19.35%	-31.57%	-60.57%	87.07%	76.56%
Capital Expenditures	-149.96	-84.32	-57.08	-83.64	-61.09
Cash Acquisitions	-12.74	-5.62	-31.03	-6	-
Divestitures	118.82	-19.72	26.48	-	-
Sale (Purchase) of Intangibles	-50.47	-15.44	-25.97	-6.49	-14.06
Investment in Securities	-	54.88	-	-	-
Other Investing Activities	12.85	0.11	-6.01	9.72	2.68
Investing Cash Flow	-81.49	-70.1	-93.61	-86.41	-72.47
Long-Term Debt Issued	120.62	299.74	217.11	173.49	47.84
Long-Term Debt Repaid	-218.47	-50.29	-27.25	-167.8	-68.5
Net Debt Issued (Repaid)	-97.85	249.45	189.87	5.7	-20.66
Repurchase of Common Stock	-	-4.29	-7.79	-2.17	-3.12
Common Dividends Paid	-32.93	-33.28	-36.15	-25.11	-15.68
Other Financing Activities	-30.28	-28.07	-21.98	-7.66	-28.98
Financing Cash Flow	-161.05	183.82	123.95	-29.24	-68.44
Foreign Exchange Rate Adjustments	0.24	-	-	-	-
Net Cash Flow	-171.9	172.71	116.55	102.96	-24.05
Free Cash Flow	-79.56	-25.33	29.13	134.97	55.77
Free Cash Flow Growth	-	-	-78.42%	142.02%	-12.92%
Free Cash Flow Margin	-32.22%	-10.54%	14.89%	49.79%	37.48%
Free Cash Flow Per Share	-1.48	-0.47	0.54	2.50	1.03
Cash Interest Paid	30.38	28.07	13.6	16.04	26.26
Cash Income Tax Paid	2.82	4.49	-49.36	-48.19	-1.09
Levered Free Cash Flow	-101.82	-35.04	36.67	64.64	-20.68
Unlevered Free Cash Flow	-79.79	-11.66	52.1	76.66	-6.6
Change in Working Capital	-15.75	-41.41	-107.73	-55.11	1.46

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.