Smart Capital 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	8.89	1.93	0.9	0.54
Depreciation & Amortization	0.26	0.24	0.02	0.02
Loss (Gain) From Sale of Assets	-11.72	-1.76	-1.67	-
Asset Writedown & Restructuring Costs	1.8	-	-	-
Loss (Gain) From Sale of Investments	-	1.23	0.66	-
Other Operating Activities	10.89	1.07	1.21	0.53
Change in Accounts Receivable	0.11	-0.01	-0.17	-
Change in Accounts Payable	-0.01	0.37	0.14	-
Change in Other Net Operating Assets	1.19	1.76	-1.15	-
Operating Cash Flow	11.42	4.83	-0.06	1.09
Operating Cash Flow Growth	136.41%	-	-	-
Capital Expenditures	-0	-0	-0.01	-
Sale (Purchase) of Intangibles	-0.12	-1.08	-0.06	-
Investment in Securities	-34.68	-20.06	-7.82	-
Other Investing Activities	-0	-	-	-16.65
Investing Cash Flow	-34.8	-21.14	-7.9	-16.65
Short-Term Debt Issued	10.43	4.76	-	-
Long-Term Debt Issued	9	-	-	-
Total Debt Issued	19.43	4.76	-	-
Short-Term Debt Repaid	-	-	-0.04	-
Long-Term Debt Repaid	-	-0.42	-3.65	-
Total Debt Repaid	-	-0.42	-3.69	-
Net Debt Issued (Repaid)	19.43	4.34	-3.69	-
Issuance of Common Stock	0.24	17.3	13.44	-
Common Dividends Paid	-	-0.25	-0.13	-
Other Financing Activities	-	-0	-	16.47
Financing Cash Flow	19.67	21.4	9.62	16.47
Miscellaneous Cash Flow Adjustments	-	0	-	-
Net Cash Flow	-3.71	5.08	1.66	0.91
Free Cash Flow	11.42	4.83	-0.07	1.09
Free Cash Flow Growth	136.55%	-	-	-
Free Cash Flow Margin	994.59%	493.03%	-19.13%	918.36%
Free Cash Flow Per Share	0.37	0.16	-0.00	-
Cash Income Tax Paid	0.06	0.28	0.15	-
Levered Free Cash Flow	-0.26	-0.27	-2.6	-
Unlevered Free Cash Flow	-0.16	-0.05	-2.46	-
Change in Working Capital	1.29	2.12	-1.18	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.