CPH:SIG 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	6.9	15.5	11	28	36
Loss (Gain) From Sale of Assets	1.9	-0.1	2.2	7.1	-15.5
Asset Writedown & Restructuring Costs	-0.5	-	0.9	-6.7	-4.5
Other Operating Activities	4.1	-3.4	-1.9	-13.7	-7.6
Change in Accounts Receivable	-2.6	-0.2	0.8	-1	-0.9
Change in Accounts Payable	2.3	-0.2	0.4	-1.2	3.2
Operating Cash Flow	12.1	11.6	13.4	12.5	10.7
Operating Cash Flow Growth	4.31%	-13.43%	7.20%	16.82%	-89.00%
Sale (Purchase) of Real Estate	-62.9	-	-	-0.1	-70.6
Investment in Securities	1.7	-6.1	-4.6	1.8	-21
Investing Cash Flow	-61.2	-6.1	-4.6	1.7	-91.6
Long-Term Debt Issued	70.8	2.2	-	62.4	73.8
Total Debt Issued	70.8	2.2	-	62.4	73.8
Long-Term Debt Repaid	-9.7	-	-3.5	-67	-2.8
Total Debt Repaid	-9.7	-	-3.5	-67	-2.8
Net Debt Issued (Repaid)	61.1	2.2	-3.5	-4.6	71
Issuance of Common Stock	-	-	-	-	5.2
Repurchase of Common Stock	-6.4	-9.6	-6.2	-7.9	-
Other Financing Activities	0.1	-	-	-	-
Financing Cash Flow	54.8	-7.4	-9.7	-12.5	76.2
Net Cash Flow	5.7	-1.9	-0.9	1.7	-4.7
Free Cash Flow	12.1	11.6	13.4	12.5	10.7
Free Cash Flow Growth	4.31%	-13.43%	7.20%	16.82%	-89.00%
Free Cash Flow Margin	42.61%	38.28%	53.39%	26.04%	34.29%
Free Cash Flow Per Share	0.26	0.24	0.26	0.23	0.19
Cash Income Tax Paid	0.2	-	-0.4	0.3	1.6
Levered Free Cash Flow	9.6	12.75	11.78	20.24	18.84
Unlevered Free Cash Flow	12.66	16.25	14.96	20.86	19.65
Change in Working Capital	-0.3	-0.4	1.2	-2.2	2.3

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