Obrascón Huarte Lain 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	1.71	-49.92	5.52	-96.84	5.95
Depreciation & Amortization	77.11	76.13	80.16	78.7	77.45
Other Operating Activities	70.38	98.32	58.53	86.95	13.99
Change in Other Net Operating Assets	-108.02	61.68	55.39	-78.29	-98.02
Operating Cash Flow	41.18	186.2	199.6	-9.48	-0.63
Operating Cash Flow Growth	-77.89%	-6.71%	-	-	-
Capital Expenditures	-38.55	-54.69	-38.62	-27.18	-29.65
Sale of Property, Plant & Equipment	4.69	31.62	10.32	7.03	5.13
Cash Acquisitions	-15.58	-9.53	-25.55	-24.74	-25.83
Divestitures	2	50.71	52.4	34.17	127.62
Investment in Securities	-48.13	-19.44	-31.43	133.6	-7.69
Other Investing Activities	29.97	16.85	26.57	11.32	16.03
Investing Cash Flow	-65.61	15.53	-6.32	134.2	85.62
Long-Term Debt Issued	6.21	7.37	65.34	15.49	5.82
Long-Term Debt Repaid	-191.94	-34.53	-32.79	-99.53	-42.32
Net Debt Issued (Repaid)	-185.73	-27.16	32.55	-84.05	-36.51
Issuance of Common Stock	162.32	82.85	18.73	17.04	79.75
Repurchase of Common Stock	-35.82	-15.06	-18.74	-17.22	-8.33
Other Financing Activities	80.71	-169.2	-75.66	-95.23	-98.79
Financing Cash Flow	21.49	-128.57	-43.11	-179.45	-63.87
Foreign Exchange Rate Adjustments	-31.99	11.26	-7.8	13.07	15.32
Net Cash Flow	-34.94	84.42	142.38	-41.66	36.44
Free Cash Flow	2.62	131.52	160.98	-36.66	-30.28
Free Cash Flow Growth	-98.01%	-18.30%	-	-	-
Free Cash Flow Margin	0.08%	3.60%	5.14%	-1.28%	-1.09%
Free Cash Flow Per Share	0.00	0.21	0.27	-0.06	-0.07
Cash Interest Paid	53	56.23	52.23	43.89	75.92
Cash Income Tax Paid	43.08	43.82	23.95	24.66	9
Levered Free Cash Flow	265.42	-150.66	-10.4	67.22	-50.29
Unlevered Free Cash Flow	299.39	-108.36	29.27	103.64	-8.58
Change in Working Capital	-108.02	61.68	55.39	-78.29	-98.02

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