North Media Cash Flow Statement

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

Millions DKK. 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	66.2	61.7	264.4	2.1	273.6
Depreciation & Amortization	54.5	54.8	26.9	25.7	26.8
Other Amortization	5	4.5	-	2	0.9
Loss (Gain) From Sale of Assets	-2.7	14	0.1	-	-
Asset Writedown & Restructuring Costs	-	155	-	-	20.1
Loss (Gain) From Sale of Investments	-15.6	-217.4	-189.3	194.2	-103.2
Loss (Gain) on Equity Investments	-0.4	0.5	-2.6	-7.4	-4.2
Stock-Based Compensation	-	-	0.2	0.2	1.2
Other Operating Activities	2.5	-10.5	34.8	0.7	-16.3
Change in Accounts Receivable	8.9	-0.9	-48	2.9	-1.8
Change in Other Net Operating Assets	-34.4	-35.4	43.4	-29.1	-41
Operating Cash Flow	79.6	15.5	126.1	191.3	156.1
Operating Cash Flow Growth	413.55%	-87.71%	-34.08%	22.55%	-27.90%
Capital Expenditures	-55.1	-49.2	-11.9	-20.2	-18.8
Sale of Property, Plant & Equipment	20.2	0.1	0.2	-	0.5
Cash Acquisitions	-20.3	-9.6	-146.3	-4	-
Sale (Purchase) of Intangibles	-	-	-	-	-6.7
Investment in Securities	50.4	10.1	108.2	-24.5	-67.3
Other Investing Activities	21.2	2.1	9.6	4.9	4.1
Investing Cash Flow	16.4	-46.5	-40.2	-43.8	-88.2
Long-Term Debt Repaid	-22.3	-20.4	-8.7	-8.4	-8
Net Debt Issued (Repaid)	-22.3	-20.4	-8.7	-8.4	-8
Issuance of Common Stock	-	2	6.8	10.1	7
Repurchase of Common Stock	-	-	-36.1	-	-
Common Dividends Paid	-	-72.1	-74.3	-92.1	-90.7
Financing Cash Flow	-22.3	-90.5	-112.3	-90.4	-91.7
Net Cash Flow	73.7	-121.5	-26.4	57.1	-23.8
Free Cash Flow	24.5	-33.7	114.2	171.1	137.3
Free Cash Flow Growth	-	-	-33.26%	24.62%	-31.38%
Free Cash Flow Margin	1.89%	-2.59%	12.48%	17.19%	13.28%
Free Cash Flow Per Share	1.35	-1.86	6.17	9.25	7.38
Cash Interest Paid	7.8	9	5.3	4.7	4.9
Cash Income Tax Paid	9	83.3	45.8	-1.4	90
Levered Free Cash Flow	15	24.39	208.84	115.18	107.58
Unlevered Free Cash Flow	18.38	29.08	211.28	117.99	110.51
Change in Working Capital	-25.5	-36.3	-4.6	-26.2	-42.8

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