Carel Industries 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	73.64	62.64	70.94	62.12	49.06
Depreciation & Amortization	42.12	36.26	30.52	24.38	20.84
Other Amortization	-	2.06	2.21	-	-
Loss (Gain) From Sale of Assets	-	-	-	-	-0.37
Asset Writedown & Restructuring Costs	-	0.03	-	0.04	0
Other Operating Activities	-11.36	-8.37	14.21	7.64	-0.33
Change in Accounts Receivable	-13.06	-1.45	-3.88	-15.24	-11.89
Change in Inventory	3.87	8.48	-9	-19.14	-22.02
Change in Accounts Payable	25.8	-12.19	-2.23	6.96	19.42
Change in Other Net Operating Assets	-0.84	-2.08	-0.75	2.66	-0.59
Operating Cash Flow	120.18	85.38	102.03	69.41	54.12
Operating Cash Flow Growth	40.75%	-16.31%	46.99%	28.26%	-5.23%
Capital Expenditures	-13.06	-21.48	-20.94	-22.3	-14.89
Sale of Property, Plant & Equipment	0.37	0.4	0.54	0.12	0.95
Cash Acquisitions	-	-	-180.77	-42.87	-31.69
Sale (Purchase) of Intangibles	-9.23	-10.12	-6.47	-4.5	-3.75
Investment in Securities	-19.89	0.13	8.03	-10.61	7.51
Other Investing Activities	0.93	3.42	2.6	0.5	0.08
Investing Cash Flow	-40.88	-27.65	-197.01	-79.66	-41.78
Long-Term Debt Issued	10	10.5	245.88	102.8	57.77
Long-Term Debt Repaid	-43.5	-56.72	-266.53	-78.32	-64.77
Net Debt Issued (Repaid)	-33.5	-46.22	-20.65	24.48	-7
Issuance of Common Stock	-	-	196.47	-	-
Repurchase of Common Stock	-	-	-1.04	-	-
Common Dividends Paid	-18.56	-21.37	-18	-15	-11.99
Other Financing Activities	-1.65	-44.35	-3.25	-3.27	-
Financing Cash Flow	-53.71	-111.94	153.53	6.21	-18.98
Foreign Exchange Rate Adjustments	-2.86	-0.69	-1.18	0.05	1.69
Miscellaneous Cash Flow Adjustments	-	-	-	-	0
Net Cash Flow	22.73	-54.89	57.37	-3.99	-4.96
Free Cash Flow	107.12	63.9	81.09	47.11	39.23
Free Cash Flow Growth	67.62%	-21.19%	72.11%	20.10%	-19.69%
Free Cash Flow Margin	17.03%	11.05%	12.47%	8.65%	9.33%
Free Cash Flow Per Share	0.94	0.57	0.80	0.47	0.39
Cash Income Tax Paid	16.61	18.71	19.91	15.23	12.88
Levered Free Cash Flow	112.59	-1.1	117.18	14.98	18.86
Unlevered Free Cash Flow	116.28	5.18	123.92	16.58	20.08
Change in Working Capital	15.77	-7.24	-15.85	-24.77	-15.08

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