Piquadro Cash Flow Statement

Financials in millions EUR. Fiscal year is April - March.

Millions EUR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	11.74	11.58	10.53	6.5	4.44	-6.12
Depreciation & Amortization	14.93	13.69	14.51	15.18	14.7	14.42
Other Amortization	0.96	0.96	1.65	0.78	0.72	0.68
Asset Writedown & Restructuring Costs	0.31	0.35	1	-0.08	0.72	0.19
Provision & Write-off of Bad Debts	0.21	0.5	0.85	0.68	0.82	0.66
Other Operating Activities	0.71	0.97	2.7	6.25	7.06	1.05
Change in Accounts Receivable	-0.9	-2.5	-8.7	-0.99	-5.59	2.65
Change in Inventory	1.3	-5.68	-0.21	1.49	-3.6	1.69
Change in Accounts Payable	-8.94	1.85	-2.4	-4.52	7.13	-4.98
Change in Income Taxes	-1.72	-2.26	0.77	0.25	0.37	0.88
Change in Other Net Operating Assets	1.34	0.71	-5.16	-1.7	-0.82	-0.42
Operating Cash Flow	19.94	20.16	15.53	23.84	25.95	10.71
Operating Cash Flow Growth	3.85%	29.81%	-34.86%	-8.14%	142.41%	27.47%
Capital Expenditures	-4.27	-3.15	-2.77	-2.48	-6.11	-2.34
Sale of Property, Plant & Equipment	-	-	-	-	0.32	0.15
Sale (Purchase) of Intangibles	-0.61	-1.58	-0.63	-0.85	-0.79	-0.51
Investment in Securities	-	-	-	-	-	-0.03
Other Investing Activities	0	-	-	-	-	-
Investing Cash Flow	-4.88	-4.73	-3.4	-3.33	-6.58	-2.73
Long-Term Debt Issued	-	-	-	-	7	16.6
Long-Term Debt Repaid	-	-11.37	-23.34	-24.24	-21.35	-24.12
Net Debt Issued (Repaid)	-13.22	-11.37	-23.34	-24.24	-14.35	-7.52
Repurchase of Common Stock	-0.08	-0.8	-1.1	-0.68	-1.82	-0.97
Common Dividends Paid	-7	-7	-5	-4	-	-
Other Financing Activities	1.15	1.15	-	-	-	-
Financing Cash Flow	-19.14	-18.02	-29.44	-28.92	-16.16	-8.49
Foreign Exchange Rate Adjustments	-0.28	0.11	-0.54	-0.1	1.07	0.12
Miscellaneous Cash Flow Adjustments	-0	-0	-	0	-	-
Net Cash Flow	-4.37	-2.48	-17.84	-8.51	4.29	-0.4
Free Cash Flow	15.67	17.01	12.76	21.36	19.84	8.37
Free Cash Flow Growth	-3.94%	33.26%	-40.25%	7.65%	137.19%	54.04%
Free Cash Flow Margin	8.34%	9.11%	6.88%	12.05%	12.98%	7.23%
Free Cash Flow Per Share	0.33	0.36	0.27	0.44	0.41	0.17
Cash Interest Paid	0.02	-	-	-	0.33	2.21
Cash Income Tax Paid	3.81	3.81	5.32	-0.05	0.09	-
Levered Free Cash Flow	12.35	13.1	11.27	16.98	16.11	11
Unlevered Free Cash Flow	13.53	14.15	12.17	17.96	16.95	11.85
Change in Working Capital	-8.91	-7.89	-15.7	-5.47	-2.5	-0.18

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