Maire 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	284.51	212.4	129.51	90.35	80.47
Depreciation & Amortization	67.39	60.53	56.54	48.17	41.19
Other Adjustments	117.85	119.57	87.94	67.48	52.01
Change in Receivables	-306.41	-363.89	-859.61	-158.91	-243.41
Changes in Inventories	-27.13	-341.99	2.36	113.73	6.4
Changes in Accounts Payable	129.23	753.24	642.75	207.31	358.06
Changes in Income Taxes Payable	-153.85	-58.96	-70.15	-64.18	-43.43
Changes in Unearned Revenue	249.61	-203.78	219.79	-32.25	-184.81
Changes in Other Operating Activities	-35.67	107.82	160.57	4.07	130.04
Operating Cash Flow	325.53	284.94	369.7	275.78	196.5
Operating Cash Flow Growth	14.24%	-22.93%	34.06%	40.34%	-
Capital Expenditures	-18.07	-10.21	-10.27	-4.85	-7.41
Purchases of Intangible Assets	-46.51	-29.98	-24.28	-19.55	-23.19
Purchases of Investments	2.14	-0.57	1.16	1.6	0
Payments for Business Acquisitions	-3.78	-10.81	-25.58	-2.42	0
Other Investing Activities	-	0	0	0	-0.42
Investing Cash Flow	-66.21	-51.57	-58.97	-25.22	-31.02
Short-Term Debt Issued	105.3	-10.56	-142.02	90.76	-88.68
Net Short-Term Debt Issued (Repaid)	105.3	-10.56	-142.02	90.76	-88.68
Long-Term Debt Issued	860.56	339.7	241.52	2.5	-18.51
Long-Term Debt Repaid	-717.07	-257.68	-183.6	-138.33	-59.2
Net Long-Term Debt Issued (Repaid)	143.49	82.03	57.92	-135.83	-77.71
Repurchase of Common Stock	-90.42	-47.31	-3.82	-2.92	-5.48
Net Common Stock Issued (Repurchased)	-90.42	-47.31	-3.82	-2.92	-5.48
Common Dividends Paid	-120.03	-82.09	-40.74	-60.11	-38.12
Other Financing Activities	-78.83	62.83	-27.17	-57.11	16.28
Financing Cash Flow	-40.48	4.9	-155.83	-165.2	-193.71
Net Cash Flow	218.84	238.28	154.91	85.36	-28.23
Free Cash Flow	307.46	274.73	359.44	270.93	189.09
Free Cash Flow Growth	11.91%	-23.57%	32.67%	43.28%	-
FCF Margin	4.33%	4.66%	8.44%	7.82%	6.60%
Free Cash Flow Per Share	-	0.84	1.09	0.82	0.58
Levered Free Cash Flow	720.58	576.81	1,043	316.84	216.93
Unlevered Free Cash Flow	506.7	526.08	1,152	382.58	391.89

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.