ViroGates 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	-10.22	-10.4	-14.35	-12.1	-9.65	-17.66
Depreciation & Amortization	-	-	-	0.04	0.18	0.22
Other Adjustments	0.59	0	0.16	-0.99	-1.23	-1.3
Change in Receivables	1.77	0.54	-1.52	0.21	-0.45	-0.02
Changes in Inventories	0.6	1.06	2.33	-1.37	-2.08	-0.79
Changes in Income Taxes Payable	0.84	0.84	0.99	1.23	1.3	1.25
Changes in Other Operating Activities	-0.44	3.83	0.44	0.8	-2.35	-3.13
Operating Cash Flow	-6.88	-4.13	-11.95	-12.18	-14.28	-21.44
Operating Cash Flow Growth	-	-	-	-	-	-
Purchases of Investments	0.01	0.01	-0	0.01	-0.01	-0
Investing Cash Flow	0.01	0.01	-0	0.01	-0.01	-0
Long-Term Debt Issued	-1.08	-0.8	0	5.3	0	-
Net Long-Term Debt Issued (Repaid)	-1.08	-0.8	0	5.3	0	-
Issuance of Common Stock	19.01	19.01	8.13	13.02	9.31	2.78
Net Common Stock Issued (Repurchased)	19.01	19.01	8.13	13.02	9.31	2.78
Financing Cash Flow	17.93	18.21	8.13	18.32	9.31	2.78
Net Cash Flow	11.06	14.09	-3.82	6.15	-4.98	-18.67
Free Cash Flow	-6.88	-4.13	-11.95	-12.18	-14.28	-21.44
Free Cash Flow Growth	-	-	-	-	-	-
FCF Margin	-127.18%	-77.73%	-243.97%	-218.18%	-140.64%	-280.00%
Free Cash Flow Per Share	-0.74	-0.50	-1.75	-3.33	-4.10	-6.44
Levered Free Cash Flow	-10.31	-5.47	-10.59	-6.1	-12.6	-20.12
Unlevered Free Cash Flow	-8.68	-3.97	-10	-10.91	-12.57	-19.96