H+H International Cash Flow Statement

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-697	-662	-53	-248	303	310
Depreciation & Amortization	173	179	187	187	202	183
Loss (Gain) From Sale of Assets	-	-	-	-	-	-7
Asset Writedown & Restructuring Costs	-	-	-	101	-	7
Other Operating Activities	618	675	-196	-143	-12	-21
Change in Accounts Receivable	-28	-28	32	-12	12	-54
Change in Inventory	-95	-95	225	-117	-205	-18
Change in Accounts Payable	2	2	-50	23	16	83
Change in Other Net Operating Assets	42	-	-	-	-	-29
Operating Cash Flow	15	71	145	-209	316	454
Operating Cash Flow Growth	-90.07%	-51.03%	-	-	-30.40%	6.82%
Capital Expenditures	-132	-127	-124	-165	-266	-197
Sale of Property, Plant & Equipment	2	2	205	35	11	8
Cash Acquisitions	-7	-7	-7	-7	-	-238
Investing Cash Flow	-137	-132	74	-137	-255	-427
Long-Term Debt Issued	-	-	140	245	116	134
Long-Term Debt Repaid	-	-235	-32	-112	-27	-54
Net Debt Issued (Repaid)	-173	-235	108	133	89	80
Repurchase of Common Stock	-	-	-	-2	-169	-95
Other Financing Activities	-	-	-5	-	-	-10
Financing Cash Flow	-173	-235	103	131	-80	-25
Foreign Exchange Rate Adjustments	1	-	1	-4	-5	9
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	7
Net Cash Flow	-294	-296	323	-219	-24	18
Free Cash Flow	-117	-56	21	-374	50	257
Free Cash Flow Growth	-	-	-	-	-80.55%	-11.68%
Free Cash Flow Margin	-4.45%	-2.04%	0.76%	-14.00%	1.39%	8.51%
Free Cash Flow Per Share	-7.20	-3.43	1.27	-22.82	2.87	14.36
Cash Interest Paid	-	-	-	-	-	18
Cash Income Tax Paid	43	7	64	46	58	74
Levered Free Cash Flow	-103.63	-50.38	269	-154	52.13	212.13
Unlevered Free Cash Flow	-61.75	-2.88	330.88	-112.75	61.5	223.38
Change in Working Capital	-79	-121	207	-106	-177	-18