Neinor Homes 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	123.25	62.01	90.63	96.27	103.03
Depreciation & Amortization	4.42	3.97	6.86	3.63	4.23
Other Amortization	0.54	0.46	0.63	0.56	0.67
Loss (Gain) From Sale of Assets	1.02	0.76	-4.7	-	-
Asset Writedown & Restructuring Costs	7.22	-6.51	-7.46	-24.19	-16.96
Loss (Gain) on Equity Investments	7.31	-12.75	0.11	0.07	0.09
Stock-Based Compensation	-	-1.51	5.77	2.83	3.58
Other Operating Activities	-46.22	20.02	18.41	55.17	78.83
Change in Accounts Receivable	128.59	-33.5	-19.2	8.39	-8.67
Change in Inventory	267.89	85.22	-56.13	147.89	136.5
Change in Accounts Payable	-282.01	-56.32	9.5	-34.97	10.61
Change in Income Taxes	-	-	-	-21.32	-32.02
Change in Other Net Operating Assets	-0.7	40.72	-33.91	-61.82	-54.68
Operating Cash Flow	211.29	102.58	10.51	172.51	225.2
Operating Cash Flow Growth	105.98%	876.02%	-93.91%	-23.40%	67.23%
Capital Expenditures	-1.11	-1.48	-0.63	-2.98	-0.74
Sale of Property, Plant & Equipment	48.73	11.83	32.56	0.13	-
Cash Acquisitions	-	-	-	-	19.03
Sale (Purchase) of Real Estate	-0.14	-0.03	-	-1.52	-54.19
Investment in Securities	-735.57	-47.31	49.07	-17.46	-7.88
Other Investing Activities	10.3	13	-	-	-
Investing Cash Flow	-677.78	-24	81	-21.82	-43.78
Long-Term Debt Issued	653.1	463.55	579.32	230.15	605.52
Total Debt Issued	653.1	463.55	579.32	230.15	605.52
Long-Term Debt Repaid	-175.53	-222.8	-671.61	-317.38	-647.5
Total Debt Repaid	-175.53	-222.8	-671.61	-317.38	-647.5
Net Debt Issued (Repaid)	477.57	240.75	-92.29	-87.24	-41.98
Issuance of Common Stock	369.61	-	-	-	-
Repurchase of Common Stock	-	-	-	-22.48	-44.26
Common Dividends Paid	-154.73	-114.07	-35	-	-
Other Financing Activities	-19.65	-25.2	-3.4	-28.09	-18.54
Financing Cash Flow	672.79	101.49	-130.69	-232.8	-141.99
Miscellaneous Cash Flow Adjustments	228.01	-	-	-	-
Net Cash Flow	434.31	180.07	-39.17	-82.11	39.43
Free Cash Flow	210.18	101.1	9.88	169.53	224.46
Free Cash Flow Growth	107.90%	923.26%	-94.17%	-24.47%	67.08%
Free Cash Flow Margin	29.83%	20.77%	1.67%	22.21%	24.55%
Free Cash Flow Per Share	2.50	1.35	0.13	2.28	2.93
Cash Interest Paid	22.4	31.92	11.8	-	18.54
Cash Income Tax Paid	-0.79	10.53	8.7	21.32	32.02
Levered Free Cash Flow	-983.74	191.12	56.67	140.2	4.14
Unlevered Free Cash Flow	-966.81	205.45	72.75	154.25	17.09
Change in Working Capital	113.76	36.13	-99.74	38.17	51.73

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