NKT A/S 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	275	337	124	62.4	4.1
Depreciation & Amortization	114	88	75	71.9	83.1
Other Amortization	17	14	15	20.1	26
Other Operating Activities	-67	-111	8	-41.3	44.9
Change in Accounts Receivable	210	479	290	154	-12.3
Change in Inventory	-10	-65	11	-62	-40.7
Change in Accounts Payable	-40	297	19	93.1	99.6
Operating Cash Flow	499	1,287	541	306.2	209.1
Operating Cash Flow Growth	-61.23%	137.89%	76.68%	46.44%	53.41%
Capital Expenditures	-695	-463	-205	-156.1	-184.5
Sale of Property, Plant & Equipment	-	-	-	2	0.1
Cash Acquisitions	-	-144	-	-15.7	-
Divestitures	-	-	-	-	2.1
Sale (Purchase) of Intangibles	-48	-32	-33	-35	-28.9
Investment in Securities	-	-	-9	-	-
Investing Cash Flow	-743	-639	-247	-204.8	-211.2
Long-Term Debt Repaid	-27	-14	-7	-24.5	-28.5
Total Debt Repaid	-27	-14	-7	-24.5	-28.5
Net Debt Issued (Repaid)	-27	-14	-7	-24.5	-28.5
Issuance of Common Stock	-	-	357	61.7	-
Repurchase of Common Stock	-20	-2	-7	-65.8	-
Common Dividends Paid	-11	-11	-9	-7.4	-8.1
Financing Cash Flow	-58	-27	334	-36	-36.6
Foreign Exchange Rate Adjustments	-2	7	-	-3.7	-
Net Cash Flow	-304	628	628	61.7	-38.7
Free Cash Flow	-196	824	336	150.1	24.6
Free Cash Flow Growth	-	145.24%	123.85%	510.16%	-65.25%
Free Cash Flow Margin	-5.50%	25.34%	13.09%	7.11%	1.32%
Free Cash Flow Per Share	-3.65	15.32	6.69	3.48	0.57
Cash Interest Paid	7	30	105	41.6	51.2
Cash Income Tax Paid	68	38	25	15.3	0.8
Levered Free Cash Flow	-149.5	112.38	186	10.4	-121.98
Unlevered Free Cash Flow	-140.75	117.38	192.25	15.53	-115.16
Change in Working Capital	160	711	320	185.1	46.6

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