Tessenderlo Group NV Cash Flow Statement

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

Millions EUR. 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	-81.1	42.8	109.5	226.9	187.8
Depreciation & Amortization	231.3	222.4	221.5	155.6	150.2
Other Amortization	0.9	1	0.9	0.6	0.7
Loss (Gain) From Sale of Assets	-2.4	-0.4	-11.3	-0.8	-3.6
Asset Writedown & Restructuring Costs	59	9.8	-	37.6	1.9
Loss (Gain) From Sale of Investments	-	-2	-	-	-
Loss (Gain) on Equity Investments	-2.9	1.1	0.5	-4.8	-0.7
Other Operating Activities	8.4	-46.7	-29.1	-39.1	-26.9
Change in Accounts Receivable	-10.6	32.5	58.9	-36.3	-94.7
Change in Inventory	15.7	51.3	25.7	-160.6	-50.5
Change in Accounts Payable	7.4	21.4	-157.4	20.7	83.9
Operating Cash Flow	225.7	333.2	219.2	199.8	248.1
Operating Cash Flow Growth	-32.26%	52.01%	9.71%	-19.47%	-12.12%
Capital Expenditures	-151	-179.7	-177.1	-112.8	-95.7
Sale of Property, Plant & Equipment	5.1	1.2	0.2	1.6	7
Cash Acquisitions	-0.9	-60.8	39.3	-42.1	-
Divestitures	-	0.1	0.9	-	-
Sale (Purchase) of Intangibles	-0.4	-0.9	-1.4	-0.6	-0.3
Investment in Securities	70	7.2	60.7	-40	10
Other Investing Activities	2.2	-	0.7	-0.1	-
Investing Cash Flow	-75	-232.9	-76.7	-194	-79
Long-Term Debt Issued	112	65	5.8	60	1.3
Long-Term Debt Repaid	-201.5	-61.3	-64.4	-218.7	-69.3
Net Debt Issued (Repaid)	-89.5	3.7	-58.6	-158.7	-68
Repurchase of Common Stock	-37	-47.3	-32.4	-0.6	-
Common Dividends Paid	-45	-54	-39.9	-	-
Other Financing Activities	2.2	2.9	10.6	-12.5	-12.1
Financing Cash Flow	-169.3	-94.7	-120.3	-171.8	-80.1
Foreign Exchange Rate Adjustments	-5.7	-0.2	-1.3	1.7	1.1
Miscellaneous Cash Flow Adjustments	-0.1	0.1	-	0.1	0.1
Net Cash Flow	-24.4	5.5	20.9	-164.2	90.2
Free Cash Flow	74.7	153.5	42.1	87	152.4
Free Cash Flow Growth	-51.34%	264.61%	-51.61%	-42.91%	-16.63%
Free Cash Flow Margin	2.70%	5.80%	1.44%	3.36%	7.32%
Free Cash Flow Per Share	1.23	2.50	0.67	2.02	3.54
Cash Interest Paid	10	9.1	10.4	13.8	15.1
Cash Income Tax Paid	28.3	18.3	46	74.6	46.6
Levered Free Cash Flow	121.28	179.34	63.2	30.3	121.45
Unlevered Free Cash Flow	126.15	183.46	67.33	34.8	127.33
Change in Working Capital	12.5	105.2	-72.8	-176.2	-61.3

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