ABIVAX Société Anonyme 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	-336.1	-176.24	-147.74	-60.74	-42.45
Depreciation & Amortization	1.07	1.1	0.71	0.49	0.3
Other Amortization	-	-	-	-	0
Asset Writedown & Restructuring Costs	-	-	-	13.63	-
Loss (Gain) From Sale of Investments	-	-0.02	-0.03	-0.11	-
Stock-Based Compensation	35.4	20.22	8.18	-1.16	0.83
Other Operating Activities	134.85	-0.56	20.49	-4.04	-3.06
Change in Accounts Receivable	7.04	4.59	-14.23	0.31	-1.98
Change in Accounts Payable	-6.21	-3.44	31.76	-2.39	1.14
Change in Unearned Revenue	0.71	1.76	-0.08	-0.03	-0.04
Change in Income Taxes	2.11	-1.49	3.82	0.1	0.21
Operating Cash Flow	-161.13	-154.07	-97.13	-53.94	-45.05
Capital Expenditures	-0.14	-0.64	-0.27	-0.29	-0.05
Cash Acquisitions	-	-	-	-2.91	-2.18
Sale (Purchase) of Intangibles	-	-0	-	-0.04	-
Other Investing Activities	-8.05	16.41	-7.83	-8.79	-4.01
Investing Cash Flow	-8.19	15.76	-8.1	-12.03	-6.23
Long-Term Debt Issued	-	47.94	55.84	-	24.91
Long-Term Debt Repaid	-59.53	-13.17	-40.71	-9.8	-5.86
Net Debt Issued (Repaid)	-59.53	34.78	15.13	-9.8	19.06
Issuance of Common Stock	653.94	0.43	353.39	46.37	69.68
Other Financing Activities	-47.1	-7.01	-33.23	-4.36	-6.06
Financing Cash Flow	547.31	28.21	335.29	32.21	82.68
Foreign Exchange Rate Adjustments	-10.25	2.38	-5.07	-	-
Miscellaneous Cash Flow Adjustments	4.73	-	-0	-	-
Net Cash Flow	372.46	-107.72	224.99	-33.75	31.4
Free Cash Flow	-161.27	-154.71	-97.4	-54.22	-45.1
Free Cash Flow Margin	-3528.91%	-1245.07%	-2129.32%	-1203.64%	-1072.92%
Free Cash Flow Per Share	-2.32	-2.45	-2.26	-2.84	-2.92
Cash Interest Paid	6.49	7.7	5.28	4.01	1.91
Levered Free Cash Flow	-118.32	-102.37	-57.23	-34.8	-36.75
Unlevered Free Cash Flow	-100.52	-94.6	-48.59	-30.46	-34.52
Change in Working Capital	3.65	1.42	21.27	-2	-0.67

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