Netcompany Group 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	278.9	256.9	470.2	303.5	603.4	576.14
Depreciation & Amortization	365	343.7	234.2	270.9	241.5	135.69
Other Amortization	84.9	84.9	70.1	51.8	31.2	3.52
Other Operating Activities	122.5	86.4	47.4	105.7	-43.8	-60.5
Change in Accounts Receivable	-246.3	-246.3	-159.3	-300.8	-225.5	-146.95
Change in Accounts Payable	57.3	57.3	304.3	327.5	166.2	-42.3
Change in Other Net Operating Assets	-421.1	-	-	-	-	0
Operating Cash Flow	241.2	582.9	966.9	758.6	773	465.6
Operating Cash Flow Growth	-76.85%	-39.72%	27.46%	-1.86%	66.02%	-19.84%
Capital Expenditures	-134.4	-105.3	-54.9	-98.5	-52.2	-46.25
Sale of Property, Plant & Equipment	0.4	0.4	-	9.4	0.5	2.32
Cash Acquisitions	-1,000	-1,000	-	-	-50	-1,139
Sale (Purchase) of Intangibles	-124	-121.9	-91	-107.9	-118	-11.3
Investment in Securities	25.8	5.8	-13.6	-105.7	4.4	-55
Other Investing Activities	306.3	306.1	-18.7	-0.1	-29	-5.73
Investing Cash Flow	-925.9	-914.9	-178.2	-302.8	-244.3	-1,254
Long-Term Debt Issued	-	1,000	-	127.5	2,183	1,701
Long-Term Debt Repaid	-	-178	-261.5	-438.8	-2,697	-669.06
Net Debt Issued (Repaid)	810	822	-261.5	-311.3	-514.5	1,031
Repurchase of Common Stock	-624.6	-449.2	-727.5	-32	-131.5	-99.99
Common Dividends Paid	-	-	-	-	-	-49.1
Other Financing Activities	0.1	0.1	0.1	-0.1	-	-
Financing Cash Flow	185.5	372.9	-988.9	-343.4	-646	882.39
Foreign Exchange Rate Adjustments	-2.4	-4.4	3.1	-0.4	-5.4	6.28
Miscellaneous Cash Flow Adjustments	0.2	0.1	-0.1	0.1	-0.1	-
Net Cash Flow	-501.4	36.6	-197.2	112.1	-122.8	99.78
Free Cash Flow	106.8	477.6	912	660.1	720.8	419.35
Free Cash Flow Growth	-89.25%	-47.63%	38.16%	-8.42%	71.89%	-24.71%
Free Cash Flow Margin	1.25%	6.05%	13.94%	10.86%	13.00%	11.55%
Free Cash Flow Per Share	2.27	10.08	18.57	13.26	14.50	8.44
Cash Interest Paid	163.1	148.5	128.1	117.3	67.3	37.3
Cash Income Tax Paid	125	148.1	211.6	103.3	234.1	197.49
Levered Free Cash Flow	435.2	768.79	737.8	445.34	577.22	-8.97
Unlevered Free Cash Flow	511.14	841.85	820.99	516.46	607.78	2.66
Change in Working Capital	-610.1	-189	145	26.7	-59.3	-189.25

Source: S&P Global Market Intelligence. Standard template. Financial Sources.