Technogym S.p.A. (BIT:TGYM)

Technogym Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	116.55	115.13	87.04	73.64	63.59	63.07
Depreciation & Amortization	41.94	41.96	41.9	37.14	33.22	29.67
Other Amortization	9.26	9.26	9.4	8.43	7.14	6.74
Asset Writedown & Restructuring Costs	2.6	2.6	1.64	0.15	0.02	0.03
Loss (Gain) on Equity Investments	0.96	0.96	-0.07	-4.4	-1.77	-15.35
Provision & Write-off of Bad Debts	0.15	0.15	1.1	2.13	2.17	2.58
Other Operating Activities	5.32	1.17	1.17	4.5	3.65	2.37
Change in Accounts Receivable	-41.47	-21.31	-12.41	-5.64	-5.62	-24.12
Change in Inventory	-14.03	-3.3	-8.84	7.21	4.04	-26.49
Change in Accounts Payable	32.74	15.29	23.66	-19.91	13.86	46.04
Change in Other Net Operating Assets	6.47	20.39	10.82	3.59	-8.06	8.59
Operating Cash Flow	160.49	182.29	155.41	106.82	112.24	93.21
Operating Cash Flow Growth	0.26%	17.30%	45.48%	-4.83%	20.42%	-8.98%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-41.34	-38.95	-20.55	-17.36	-14.75	-11.1
Sale of Property, Plant & Equipment	2.33	1.08	2.48	0.82	0.33	0.69
Cash Acquisitions	0.83	-	-	-	-	-
Sale (Purchase) of Intangibles	-27.8	-25.87	-19.91	-18.81	-19.87	-16.58
Sale (Purchase) of Real Estate	-1	-1.5	-1.02	-	-	-
Investment in Securities	-0.83	-0.83	-	4.18	-	30.84
Other Investing Activities	0.31	0.45	0.39	0.35	2.18	0.46
Investing Cash Flow	-67.49	-65.62	-38.61	-30.82	-32.11	4.32

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	0.18	4.84	26.86	41.75	-
Long-Term Debt Issued	-	30	-	-	4.01	-
Total Debt Issued	71.08	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	-33.52	-45.06	-14.4	-22.8	-64.03	-84.75
Net Debt Issued (Repaid)	37.56	-14.89	-9.56	4.06	-18.27	-84.75
Issuance of Common Stock	-	-	-	0.21	-	-
Repurchase of Common Stock	-0.22	-	-13.13	-6.92	-	-
Common Dividends Paid	-81.93	-162.46	-55.16	-51.32	-32.17	-44.29
Other Financing Activities	2.25	1.7	4.82	3.04	-0.35	1.77
Financing Cash Flow	-42.34	-175.65	-73.02	-50.94	-50.8	-127.27

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	1.73	-1.94	0.2	-5.69	1.72	1.98
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	0	-
Net Cash Flow	52.38	-60.92	43.98	19.37	31.05	-27.76

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	119.16	143.34	134.86	89.46	97.5	82.11
Free Cash Flow Growth	-9.57%	6.29%	50.75%	-8.24%	18.73%	-11.99%
Free Cash Flow Margin	11.31%	14.06%	14.96%	11.07%	13.51%	13.43%
Free Cash Flow Per Share	0.60	0.72	0.68	0.45	0.48	0.41
Levered Free Cash Flow	80.45	116.52	113.23	78.9	107.71	9.06
Unlevered Free Cash Flow	82.24	117.29	113.8	79.36	108.23	9.6

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Income Tax Paid	40.66	47.71	34.81	24.36	22.28	14.33
Change in Working Capital	-16.28	11.07	13.23	-14.76	4.22	4.02

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 20, 2026

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