Making Science Group 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	24.83	-1.72	-4.09	-0.91	-3.49
Depreciation & Amortization	7.55	2.79	2.55	1.41	3.04
Other Amortization	-	3.73	3.01	2.54	0.79
Asset Writedown & Restructuring Costs	-	-	-	-	0.03
Loss (Gain) on Equity Investments	-	-	0	-0	-
Stock-Based Compensation	0.47	0.58	0.48	0.39	-
Provision & Write-off of Bad Debts	-0.36	-0.36	1.36	0.06	-
Other Operating Activities	-47.26	1.64	-0.84	2.74	1.08
Change in Accounts Receivable	-0.58	-19.42	-2.54	-15.61	-13.1
Change in Inventory	11.8	0.25	-0.14	-1.36	-1.9
Change in Accounts Payable	0.6	14.02	-0.62	19.55	13.67
Change in Other Net Operating Assets	10.6	-1.19	0.39	3.09	7.08
Operating Cash Flow	40.25	0.33	-0.42	11.9	7.21
Operating Cash Flow Growth	12248.60%	-	-	64.93%	107.50%
Capital Expenditures	-0.17	-0.28	-1.07	-1.34	-0.67
Cash Acquisitions	-	-	-	1.45	-
Sale (Purchase) of Intangibles	-6.8	-5.58	-4.84	-3.32	-28.73
Investment in Securities	-3.11	-2.22	-0.26	-0.13	-
Other Investing Activities	-2.42	-	-	-	-
Investing Cash Flow	-12.5	-8.08	-6.17	-3.34	-29.4
Long-Term Debt Issued	-	11.1	7.05	0.1	30.21
Long-Term Debt Repaid	-17.63	-19.81	-8.44	-5.26	-
Net Debt Issued (Repaid)	-17.63	-8.71	-1.39	-5.16	30.21
Issuance of Common Stock	-	3.96	-	8.9	10.56
Repurchase of Common Stock	-	-	-0.25	-1.18	-
Other Financing Activities	1	12.77	-3.88	-8.85	0.03
Financing Cash Flow	-16.63	8.03	-5.51	-6.3	40.8
Foreign Exchange Rate Adjustments	4.68	-	0.29	-1.13	-0.3
Miscellaneous Cash Flow Adjustments	-5.91	-	-	-	-
Net Cash Flow	9.88	0.27	-11.81	1.13	18.31
Free Cash Flow	40.07	0.05	-1.49	10.56	6.54
Free Cash Flow Growth	79640.23%	-	-	61.47%	99.94%
Free Cash Flow Margin	11.51%	0.02%	-0.63%	5.03%	5.79%
Free Cash Flow Per Share	4.47	0.01	-0.18	1.30	0.86
Cash Interest Paid	-	4.49	4.7	1.95	0.79
Cash Income Tax Paid	-	1.12	1.29	0.4	0.13
Levered Free Cash Flow	33.86	-5.22	-4.53	6.35	-23.02
Unlevered Free Cash Flow	36.54	-2.04	-1.47	7.66	-22.53
Change in Working Capital	22.41	-6.33	-2.9	5.66	5.76

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.