Indel B 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	20.3	10.66	10.44	12.05	24.25
Depreciation & Amortization	7.9	5.71	5.23	5.67	5.29
Other Amortization	-	0.17	0.28	0.39	0.45
Loss (Gain) on Equity Investments	13.4	-2.01	-0.26	-0.75	-14.71
Provision & Write-off of Bad Debts	-	0.15	0.12	0.21	0.15
Other Operating Activities	-38.3	-0.63	2.71	-0.25	4.88
Change in Accounts Receivable	4.7	6.25	14.53	-9.14	-9.08
Change in Inventory	13.6	-4.01	7.53	-12.45	-17.77
Change in Accounts Payable	-7.2	1	-7.16	-1.03	12.12
Operating Cash Flow	14.4	17.29	33.42	-5.31	5.57
Operating Cash Flow Growth	-16.73%	-48.25%	-	-	-61.17%
Capital Expenditures	-3.6	-8.75	-8.6	-5.23	-10.12
Cash Acquisitions	-11.2	-	-	-	-7.29
Divestitures	-	-	-	-	0.02
Investment in Securities	-	-	0.01	0.01	5.2
Other Investing Activities	0.2	2.22	1.33	1.96	1.62
Investing Cash Flow	-14.6	-6.53	-7.25	-3.26	-10.57
Long-Term Debt Issued	43.8	15	17	29.5	0.48
Long-Term Debt Repaid	-25.4	-30.34	-21.09	-16.09	-14.81
Net Debt Issued (Repaid)	18.4	-15.34	-4.09	13.41	-14.33
Repurchase of Common Stock	-0.7	-8.63	-0.55	-0.84	-0.96
Common Dividends Paid	-4.3	-4.63	-4.51	-5.66	-2.97
Other Financing Activities	0.1	-0.43	0.16	-4.9	4.21
Financing Cash Flow	13.5	-29.04	-9	2.01	-14.05
Foreign Exchange Rate Adjustments	-0.1	0.13	-0.11	-0.31	0.15
Miscellaneous Cash Flow Adjustments	-	-0	-	-	0
Net Cash Flow	13.2	-18.15	17.06	-6.87	-18.91
Free Cash Flow	10.8	8.55	24.82	-10.54	-4.55
Free Cash Flow Growth	26.38%	-65.56%	-	-	-
Free Cash Flow Margin	5.21%	4.28%	11.22%	-4.72%	-2.45%
Free Cash Flow Per Share	-	1.57	4.41	-2.02	-0.80
Cash Interest Paid	-	1.03	0.83	-	-
Cash Income Tax Paid	-	3.8	4.05	7.67	2.39
Levered Free Cash Flow	1.11	7.26	20.6	-19.47	-8.22
Unlevered Free Cash Flow	2.05	7.95	21.21	-19.12	-7.65
Change in Working Capital	11.1	3.25	14.9	-22.62	-14.73

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.