Sanlorenzo 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	109.15	103.12	93.29	74.74	51.35
Depreciation & Amortization	40.77	37.08	31.6	26.74	22.44
Other Adjustments	30.73	36.12	31.61	27.89	20.89
Change in Receivables	-40.14	-76.92	-17.68	-54.92	-5.33
Changes in Inventories	-51.79	-28.73	-31.98	14.83	13.95
Changes in Accounts Payable	7.34	67.53	47.83	35.85	-17.11
Changes in Income Taxes Payable	-37.71	-51.38	-39.4	-19.85	-23.12
Changes in Unearned Revenue	16.42	-37.49	-6.93	29.42	56.79
Changes in Other Operating Activities	-6	-18.48	8.79	10.41	-22.02
Operating Cash Flow	68.77	30.86	117.15	145.11	97.83
Operating Cash Flow Growth	122.86%	-73.66%	-19.27%	48.33%	112.67%
Capital Expenditures	-30.86	-35.47	-32	-36.67	-38.07
Sale of Property, Plant & Equipment	0.06	0.02	0.21	0.27	0.14
Purchases of Intangible Assets	-17.32	-13.86	-12.5	-13.28	-11.15
Payments for Business Acquisitions	-0.03	-41.39	-20.21	-16.26	-0.06
Other Investing Activities	3.32	5.73	13.42	-3.21	-0.49
Investing Cash Flow	-44.83	-84.98	-51.08	-69.15	-49.62
Long-Term Debt Issued	72.01	67.57	27.53	12.35	48.38
Long-Term Debt Repaid	-42.35	-32.35	-34.41	-29.86	-38.64
Net Long-Term Debt Issued (Repaid)	29.67	35.22	-6.88	-17.52	9.74
Issuance of Common Stock	1.71	2.51	3.4	4.28	0.69
Repurchase of Common Stock	4.31	-3.97	-3.31	-2.05	-
Net Common Stock Issued (Repurchased)	6.02	-1.46	0.09	2.23	0.69
Common Dividends Paid	-34.8	-34.81	-22.98	-20.65	-10.33
Other Financing Activities	-11.43	-1.7	9.89	-34.98	-1.39
Financing Cash Flow	-10.54	-2.74	-19.88	-70.91	-1.29
Net Cash Flow	13.41	-56.86	46.19	5.05	46.91
Free Cash Flow	37.91	-4.61	85.15	108.44	59.76
Free Cash Flow Growth	-	-	-21.48%	81.45%	160.28%
FCF Margin	3.33%	-0.44%	9.38%	13.25%	8.62%
Free Cash Flow Per Share	1.07	-0.13	2.43	3.10	1.72
Levered Free Cash Flow	75.26	71.42	63.89	117.36	53.6
Unlevered Free Cash Flow	49.63	34.6	68.49	135.79	45.06

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