BIT:ICOP 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	29.89	16.54	5.05	4.28	3.24
Depreciation & Amortization	22.52	10.83	8.76	8.46	8.41
Other Amortization	1.16	1.15	-	-	-
Loss (Gain) From Sale of Assets	-0.82	-0.68	-5.06	-0.87	-0.39
Loss (Gain) From Sale of Investments	-	-	-0.11	0.19	0.19
Loss (Gain) on Equity Investments	-	-	-	-	-2.46
Provision & Write-off of Bad Debts	0.88	2.09	-	-	-
Other Operating Activities	0.69	5.48	6.26	0.58	3.23
Change in Accounts Receivable	-82.17	-57.26	-14.65	-5.73	14.81
Change in Inventory	-0.27	-0.72	-4.09	-2.59	-0.56
Change in Accounts Payable	59.1	26.35	9.79	4.42	-5.69
Change in Unearned Revenue	-5.08	23.5	-	-	-
Change in Other Net Operating Assets	-7.3	-4.98	27.55	-3.23	-7.88
Operating Cash Flow	18.61	22.31	33.5	5.51	12.89
Operating Cash Flow Growth	-16.57%	-33.42%	507.77%	-57.25%	34.18%
Capital Expenditures	-34.99	-15.99	-17.11	-8.51	-9.07
Sale of Property, Plant & Equipment	1.39	3.62	8.13	1.25	2.23
Cash Acquisitions	-74.97	-	-	-	-
Sale (Purchase) of Intangibles	-4.29	-2.33	-0.03	-0.31	-0.36
Investment in Securities	0.45	0.22	1.28	-11.34	2.29
Investing Cash Flow	-112.41	-14.48	-7.72	-18.9	-4.9
Short-Term Debt Issued	43.52	1.21	2.56	3.44	-
Long-Term Debt Issued	120.58	22.58	12.96	3	32.1
Total Debt Issued	164.1	23.78	15.51	6.44	32.1
Short-Term Debt Repaid	-	-0.03	-	-	-8.94
Long-Term Debt Repaid	-55.47	-30.76	-19.9	-11.69	-5.43
Total Debt Repaid	-55.47	-30.79	-19.9	-11.69	-14.36
Net Debt Issued (Repaid)	108.63	-7.01	-4.39	-5.25	17.73
Issuance of Common Stock	0.09	29.49	-	-	-
Common Dividends Paid	-2.1	-2.21	-1.18	-0.17	-
Other Financing Activities	-0.04	-0.01	-	-	-
Financing Cash Flow	106.59	20.26	-5.57	-5.42	17.73
Foreign Exchange Rate Adjustments	-0.8	0.76	-	-	-
Net Cash Flow	11.98	28.84	20.22	-18.81	25.72
Free Cash Flow	-16.38	6.32	16.4	-2.99	3.82
Free Cash Flow Growth	-	-61.46%	-	-	-27.24%
Free Cash Flow Margin	-3.84%	3.46%	13.91%	-2.52%	3.62%
Free Cash Flow Per Share	-0.53	0.23	-	-	-
Cash Interest Paid	8.36	3.44	4.22	-	-
Cash Income Tax Paid	16.34	0.02	-	0.06	-0.12
Levered Free Cash Flow	-55.94	-1.19	19.46	-13.25	-2.83
Unlevered Free Cash Flow	-51.06	0.96	22.33	-11.97	-1.6
Change in Working Capital	-35.71	-13.1	18.6	-7.13	0.68

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