North Media 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	149.9	66.2	61.7	264.4	2.1	273.6
Depreciation & Amortization	54.7	54.5	54.8	26.9	25.7	26.8
Other Amortization	5	5	4.5	-	2	0.9
Loss (Gain) From Sale of Assets	-0.2	-2.7	14	0.1	-	-
Asset Writedown & Restructuring Costs	-	-	155	-	-	20.1
Loss (Gain) From Sale of Investments	-127.6	-15.6	-217.4	-189.3	194.2	-103.2
Loss (Gain) on Equity Investments	-0.2	-0.4	0.5	-2.6	-7.4	-4.2
Stock-Based Compensation	-	-	-	0.2	0.2	1.2
Other Operating Activities	18.9	2.5	-10.5	34.8	0.7	-16.3
Change in Accounts Receivable	8.9	8.9	-0.9	-48	2.9	-1.8
Change in Other Net Operating Assets	-11	-34.4	-35.4	43.4	-29.1	-41
Operating Cash Flow	83.6	79.6	15.5	126.1	191.3	156.1
Operating Cash Flow Growth	985.71%	413.55%	-87.71%	-34.08%	22.55%	-27.90%
Capital Expenditures	-33.2	-55.1	-49.2	-11.9	-20.2	-18.8
Sale of Property, Plant & Equipment	1.3	20.2	0.1	0.2	-	0.5
Cash Acquisitions	-20.3	-20.3	-9.6	-146.3	-4	-
Sale (Purchase) of Intangibles	-	-	-	-	-	-6.7
Investment in Securities	8.8	50.4	10.1	108.2	-24.5	-67.3
Other Investing Activities	23.6	21.2	2.1	9.6	4.9	4.1
Investing Cash Flow	-19.8	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)	-26.1	-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	-26.1	-22.3	-90.5	-112.3	-90.4	-91.7
Net Cash Flow	37.7	73.7	-121.5	-26.4	57.1	-23.8
Free Cash Flow	50.4	24.5	-33.7	114.2	171.1	137.3
Free Cash Flow Growth	-	-	-	-33.26%	24.62%	-31.38%
Free Cash Flow Margin	3.94%	1.89%	-2.59%	12.48%	17.19%	13.28%
Free Cash Flow Per Share	2.78	1.35	-1.86	6.17	9.25	7.38
Cash Interest Paid	7.7	7.8	9	5.3	4.7	4.9
Cash Income Tax Paid	23.3	9	83.3	45.8	-1.4	90
Levered Free Cash Flow	70.09	15	24.39	208.84	115.18	107.58
Unlevered Free Cash Flow	73.34	18.38	29.08	211.28	117.99	110.51
Change in Working Capital	-2.1	-25.5	-36.3	-4.6	-26.2	-42.8

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