LU-VE 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	38.12	34.5	29.75	47.71	23.74
Depreciation & Amortization	30.58	28.41	28.48	27.05	24.59
Other Amortization	-	3.41	3.89	5.68	5.55
Loss (Gain) From Sale of Assets	0.26	0.15	0.04	0.31	0.15
Asset Writedown & Restructuring Costs	-0.05	5.19	6.06	-16.14	-2.15
Loss (Gain) From Sale of Investments	-	-	-	-9.47	-1.48
Other Operating Activities	4.46	-7.31	-8.81	11.01	-0.78
Change in Accounts Receivable	-19.03	-15.17	-4.53	-5.64	-14.37
Change in Inventory	-10.76	9.85	21.44	-20.45	-54.43
Change in Accounts Payable	18.3	12.63	-10.93	-12.21	33.73
Change in Other Net Operating Assets	5.22	5.4	5.84	5.47	5.08
Operating Cash Flow	67.11	77.05	71.24	33.31	19.63
Operating Cash Flow Growth	-12.91%	8.16%	113.85%	69.74%	-51.39%
Capital Expenditures	-29.47	-18.29	-33.43	-32.29	-24.43
Cash Acquisitions	-	-	-	-6.97	-0.8
Sale (Purchase) of Intangibles	-1.71	-1.62	-2.6	-4.38	-4.64
Investment in Securities	-42.74	0.26	70.42	-18.1	-10.22
Investing Cash Flow	-73.92	-19.65	34.39	-61.74	-40.08
Long-Term Debt Issued	205	175	50.39	237.46	198
Long-Term Debt Repaid	-155.68	-153.96	-109.29	-187.97	-158.35
Net Debt Issued (Repaid)	49.32	21.04	-58.91	49.49	39.65
Common Dividends Paid	-10.19	-8.88	-8.44	-7.77	-6
Other Financing Activities	0.01	-8.17	-0.71	-0.45	-0.47
Financing Cash Flow	39.14	3.99	-68.06	41.27	33.18
Foreign Exchange Rate Adjustments	-1.01	0.06	-4.36	-1.27	3.85
Miscellaneous Cash Flow Adjustments	5.34	-2.32	1.59	-0.65	-2.93
Net Cash Flow	36.66	59.13	34.8	10.93	13.65
Free Cash Flow	37.64	58.76	37.8	1.02	-4.8
Free Cash Flow Growth	-35.95%	55.44%	3602.64%	-	-
Free Cash Flow Margin	6.22%	9.99%	6.13%	0.17%	-0.98%
Free Cash Flow Per Share	1.70	2.65	1.70	0.05	-0.22
Cash Interest Paid	-	-	-	-	3.63
Cash Income Tax Paid	12.33	14.09	12.27	5.67	8.1
Levered Free Cash Flow	-240.09	44.13	32.77	-12.17	-14.66
Unlevered Free Cash Flow	-237.7	49.38	38.15	-6.49	-13.74
Change in Working Capital	-6.27	12.71	11.83	-32.83	-29.99

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