Almirall 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	46.15	10.15	-38.47	4.28	-40.86
Depreciation & Amortization	140.06	130.42	116.9	113.76	113.03
Other Amortization	11.12	8.67	7.42	6.88	6.91
Loss (Gain) From Sale of Assets	0.2	3.49	1.34	4.86	13.87
Asset Writedown & Restructuring Costs	-	10.03	47.33	16.49	90.84
Other Operating Activities	8.34	-1.18	19.64	36.23	52.72
Change in Accounts Receivable	-26.12	-4.72	-3.15	2.88	-13.11
Change in Inventory	-7.65	-3.53	-37.12	-10.7	13.34
Change in Accounts Payable	9.38	1.05	-9.39	6.27	11
Change in Other Net Operating Assets	-7.02	6.4	-8.02	-13.82	-6.95
Operating Cash Flow	174.46	160.77	93.49	155.1	233.85
Operating Cash Flow Growth	8.52%	71.97%	-39.73%	-33.67%	107.39%
Capital Expenditures	-34.91	-29.84	-33.5	-23.01	-18.81
Sale (Purchase) of Intangibles	-102.4	-131.6	-125.81	-93.47	-52.34
Investment in Securities	4.34	12.92	30.98	47.02	13.71
Other Investing Activities	6.23	8.48	5.76	0.92	0.19
Investing Cash Flow	-126.74	-140.04	-122.56	-68.54	-57.26
Long-Term Debt Issued	245	-	-	-	294.41
Long-Term Debt Repaid	-319.57	-18.58	-16.91	-17.2	-412.26
Net Debt Issued (Repaid)	-74.57	-18.58	-16.91	-17.2	-117.85
Issuance of Common Stock	1.31	0.54	197.92	0.05	0.6
Common Dividends Paid	-26.2	-3.29	-2.59	-12.42	-11.75
Other Financing Activities	12.41	-10.25	-10.21	-15.55	-5.88
Financing Cash Flow	-87.05	-31.58	168.21	-45.12	-134.88
Net Cash Flow	-39.33	-10.86	139.13	41.44	41.72
Free Cash Flow	139.55	130.93	59.99	132.1	215.04
Free Cash Flow Growth	6.58%	118.27%	-54.59%	-38.57%	113.19%
Free Cash Flow Margin	12.52%	13.22%	6.67%	15.04%	25.71%
Free Cash Flow Per Share	0.65	0.61	0.28	0.67	1.19
Cash Interest Paid	11.46	10.54	10.21	9.9	6.13
Cash Income Tax Paid	35.63	24.19	13.57	6.36	-23.5
Levered Free Cash Flow	34.95	-32.86	31.3	19.6	186.24
Unlevered Free Cash Flow	45.55	-23.07	40.45	27.59	194.34
Change in Working Capital	-31.42	-0.8	-57.68	-15.36	4.28

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.