Technogym 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	115.13	87.04	73.64	63.59	63.07
Depreciation & Amortization	41.96	41.9	37.14	33.22	29.67
Other Amortization	9.26	9.4	8.43	7.14	6.74
Asset Writedown & Restructuring Costs	2.6	1.64	0.15	0.02	0.03
Loss (Gain) on Equity Investments	0.96	-0.07	-4.4	-1.77	-15.35
Provision & Write-off of Bad Debts	0.15	1.1	2.13	2.17	2.58
Other Operating Activities	1.17	1.17	4.5	3.65	2.37
Change in Accounts Receivable	-21.31	-12.41	-5.64	-5.62	-24.12
Change in Inventory	-3.3	-8.84	7.21	4.04	-26.49
Change in Accounts Payable	15.29	23.66	-19.91	13.86	46.04
Change in Other Net Operating Assets	20.39	10.82	3.59	-8.06	8.59
Operating Cash Flow	182.29	155.41	106.82	112.24	93.21
Operating Cash Flow Growth	17.30%	45.48%	-4.83%	20.42%	-8.98%
Capital Expenditures	-38.95	-20.55	-17.36	-14.75	-11.1
Sale of Property, Plant & Equipment	1.08	2.48	0.82	0.33	0.69
Sale (Purchase) of Intangibles	-25.87	-19.91	-18.81	-19.87	-16.58
Sale (Purchase) of Real Estate	-1.5	-1.02	-	-	-
Investment in Securities	-0.83	-	4.18	-	30.84
Other Investing Activities	0.45	0.39	0.35	2.18	0.46
Investing Cash Flow	-65.62	-38.61	-30.82	-32.11	4.32
Short-Term Debt Issued	0.18	4.84	26.86	41.75	-
Long-Term Debt Issued	30	-	-	4.01	-
Total Debt Issued	30.18	4.84	26.86	45.76	-
Short-Term Debt Repaid	-	-	-	-	-52.5
Long-Term Debt Repaid	-45.06	-14.4	-22.8	-64.03	-32.25
Total Debt Repaid	-45.06	-14.4	-22.8	-64.03	-84.75
Net Debt Issued (Repaid)	-14.89	-9.56	4.06	-18.27	-84.75
Issuance of Common Stock	-	-	0.21	-	-
Repurchase of Common Stock	-	-13.13	-6.92	-	-
Common Dividends Paid	-162.46	-55.16	-51.32	-32.17	-44.29
Other Financing Activities	1.7	4.82	3.04	-0.35	1.77
Financing Cash Flow	-175.65	-73.02	-50.94	-50.8	-127.27
Foreign Exchange Rate Adjustments	-1.94	0.2	-5.69	1.72	1.98
Miscellaneous Cash Flow Adjustments	-0	-	-	0	-
Net Cash Flow	-60.92	43.98	19.37	31.05	-27.76
Free Cash Flow	143.34	134.86	89.46	97.5	82.11
Free Cash Flow Growth	6.29%	50.75%	-8.24%	18.73%	-11.99%
Free Cash Flow Margin	14.06%	14.96%	11.07%	13.51%	13.43%
Free Cash Flow Per Share	0.72	0.68	0.45	0.48	0.41
Cash Income Tax Paid	47.71	34.81	24.36	22.28	14.33
Levered Free Cash Flow	116.52	113.23	78.9	107.71	9.06
Unlevered Free Cash Flow	117.29	113.8	79.36	108.23	9.6
Change in Working Capital	11.07	13.23	-14.76	4.22	4.02

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