Rockwool Cash Flow Statement

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

Millions EUR. 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	-173	28	550	389	273	303
Depreciation & Amortization	269	269	248	242	229	195
Other Amortization	9	9	8	6	7	6
Loss (Gain) From Sale of Assets	2	2	-8	-4	-1	-
Asset Writedown & Restructuring Costs	22	22	7	13	-	-
Stock-Based Compensation	3	3	3	2	3	2
Other Operating Activities	576	371	16	-12	31	2
Change in Accounts Receivable	-16	-16	-	18	-48	-47
Change in Inventory	-32	-32	-	49	-113	-89
Change in Accounts Payable	-21	-21	11	-26	-8	91
Change in Other Net Operating Assets	-30	-25	-18	30	21	-37
Operating Cash Flow	605	610	817	707	394	426
Operating Cash Flow Growth	-20.18%	-25.34%	15.56%	79.44%	-7.51%	-2.74%
Capital Expenditures	-528	-461	-376	-321	-326	-295
Sale of Property, Plant & Equipment	-	-	8	9	1	-
Cash Acquisitions	-2	-2	-74	-	-1	-8
Divestitures	-	-	-	5	-	-
Sale (Purchase) of Intangibles	-12	-12	-11	-5	-8	-7
Investing Cash Flow	-542	-475	-453	-312	-334	-310
Long-Term Debt Issued	-	150	13	1	124	26
Short-Term Debt Repaid	-	-	-	-	-9	-100
Long-Term Debt Repaid	-	-34	-42	-130	-26	-21
Total Debt Repaid	-34	-34	-42	-130	-35	-121
Net Debt Issued (Repaid)	116	116	-29	-129	89	-95
Issuance of Common Stock	-	-	-	-	1	1
Repurchase of Common Stock	-157	-157	-152	-3	-2	-7
Common Dividends Paid	-178	-178	-125	-101	-102	-93
Other Financing Activities	119	1	-3	-5	-	-
Financing Cash Flow	-100	-218	-309	-238	-14	-194
Foreign Exchange Rate Adjustments	-11	20	-6	-6	-9	3
Miscellaneous Cash Flow Adjustments	-243	-243	-	-	-	-
Net Cash Flow	-291	-306	49	151	37	-75
Free Cash Flow	77	149	441	386	68	131
Free Cash Flow Growth	-79.68%	-66.21%	14.25%	467.65%	-48.09%	63.75%
Free Cash Flow Margin	1.99%	3.84%	11.44%	10.66%	1.74%	4.24%
Free Cash Flow Per Share	0.38	0.72	2.06	1.79	0.32	0.61
Cash Interest Paid	21	21	20	34	38	17
Cash Income Tax Paid	191	191	116	121	72	82
Levered Free Cash Flow	299.75	91	322.88	322.38	30.75	57.38
Unlevered Free Cash Flow	314.75	102.25	333.5	336.13	37.63	63.63
Change in Working Capital	-99	-94	-7	71	-148	-82

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