Cembre 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	46.65	42.59	40.83	31.92	25.32
Depreciation & Amortization	14.08	12.59	12.6	12.02	11.41
Other Amortization	-	0.78	-	-	-
Loss (Gain) From Sale of Assets	-1.7	-0	-0.06	-0.02	0.04
Stock-Based Compensation	0.35	-0.16	0.1	0.15	0.22
Other Operating Activities	2.85	-7.34	2.47	-2.47	3.54
Change in Accounts Receivable	-2.48	-3.69	-10.84	-3.49	-2.37
Change in Inventory	-2.72	-5.05	2.83	-13.95	-7.18
Change in Accounts Payable	2.87	5.05	-4.37	2.94	4.67
Change in Other Net Operating Assets	-3.75	1.36	1.26	-	-
Operating Cash Flow	56.15	46.13	44.81	27.1	35.66
Operating Cash Flow Growth	21.73%	2.94%	65.38%	-24.00%	21.64%
Capital Expenditures	-23.09	-28.18	-13.16	-11.53	-8.07
Sale of Property, Plant & Equipment	2.3	0.15	0.2	0.05	0.07
Sale (Purchase) of Intangibles	-1.2	-1.33	-1.39	-0.75	-0.91
Investment in Securities	0.05	-0.1	0	0	0.47
Other Investing Activities	-	-	-0	-	-
Investing Cash Flow	-21.94	-29.46	-14.35	-12.24	-8.44
Short-Term Debt Issued	7.31	2.95	-	-	-
Total Debt Issued	7.31	2.95	-	-	-
Short-Term Debt Repaid	-	-	-10.23	-	-2.6
Long-Term Debt Repaid	-2.61	-2.17	-2	-11.53	-1.86
Total Debt Repaid	-2.61	-2.17	-12.23	-11.53	-4.47
Net Debt Issued (Repaid)	4.7	0.78	-12.23	-11.53	-4.47
Issuance of Common Stock	-	0.18	0.15	0.36	0.41
Common Dividends Paid	-31.61	-30.24	-23.5	-20.12	-15.07
Other Financing Activities	-	4	11	-15.17	-0.45
Financing Cash Flow	-26.91	-25.28	-24.57	-46.45	-19.58
Foreign Exchange Rate Adjustments	-0.33	1.15	-0.04	-0.27	1.28
Miscellaneous Cash Flow Adjustments	-	0.04	0	0.25	0.03
Net Cash Flow	6.97	-7.41	5.85	-31.61	8.95
Free Cash Flow	33.06	17.95	31.65	15.56	27.58
Free Cash Flow Growth	84.16%	-43.28%	103.37%	-43.58%	24.64%
Free Cash Flow Margin	13.54%	7.81%	14.22%	7.83%	16.53%
Free Cash Flow Per Share	-	1.07	1.89	0.93	1.64
Cash Income Tax Paid	8.16	17.47	10.51	12.67	7.64
Levered Free Cash Flow	23.6	10.07	18.67	9.25	22.39
Unlevered Free Cash Flow	23.98	10.43	18.86	9.3	22.45
Change in Working Capital	-6.07	-2.33	-11.12	-14.5	-4.87

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