Philogen 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	229.68	45.29	-6.16	-5.38	-15.73
Depreciation & Amortization	4.26	3.89	3.64	2.78	1.86
Loss (Gain) From Sale of Investments	-4.06	-2.56	-3.34	3.17	-1.84
Stock-Based Compensation	6.08	2.85	0.39	0.1	0.02
Other Operating Activities	33.95	-6.38	0.23	0.49	0.4
Change in Accounts Receivable	0.1	-1.11	0.63	-1.84	-0.03
Change in Inventory	0.28	-1.03	-0.32	-0.62	-0.52
Change in Accounts Payable	3.48	1.75	1.39	0.49	1.71
Change in Unearned Revenue	1.19	0.17	0.47	-2.23	-1.92
Change in Other Net Operating Assets	-6.98	-2.04	-1.75	-1.9	-3
Operating Cash Flow	267.96	40.84	-4.82	-4.94	-19.03
Operating Cash Flow Growth	556.10%	-	-	-	-
Capital Expenditures	-3.39	-2.17	-5.55	-3.85	-6.55
Sale (Purchase) of Intangibles	-0.24	-0.25	-0.32	-0.36	-0.27
Investment in Securities	-168.19	-21.64	4.45	28.2	-41.12
Other Investing Activities	3.48	1.77	1.57	0.21	0.16
Investing Cash Flow	-168.35	-22.28	0.16	24.2	-47.77
Long-Term Debt Repaid	-1.15	-3.75	-1.79	-1.86	-1.81
Net Debt Issued (Repaid)	-1.15	-3.75	-1.79	-1.86	-1.81
Issuance of Common Stock	-	-	-	-	65.4
Repurchase of Common Stock	-1.84	-0.03	-2.38	-1.92	-0.54
Other Financing Activities	-	0	-	-	-
Financing Cash Flow	-2.99	-3.78	-4.17	-3.78	63.06
Foreign Exchange Rate Adjustments	0.72	0.16	0.04	0.08	0.11
Miscellaneous Cash Flow Adjustments	-0.72	0	-	-	0.56
Net Cash Flow	96.63	14.94	-8.8	15.56	-3.08
Free Cash Flow	264.57	38.68	-10.37	-8.79	-25.58
Free Cash Flow Growth	584.09%	-	-	-	-
Free Cash Flow Margin	82.75%	50.06%	-41.93%	-32.63%	-515.35%
Free Cash Flow Per Share	6.57	0.96	-0.26	-0.22	-0.64
Cash Interest Paid	-	-	0.51	0.89	0.42
Cash Income Tax Paid	-	-	-	-	0.01
Levered Free Cash Flow	201.54	27.38	-7.28	-8.38	-17.75
Unlevered Free Cash Flow	201.75	27.69	-6.97	-8.14	-17.5
Change in Working Capital	-1.93	-2.25	0.42	-6.11	-3.75

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