Bénéteau 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	-42.95	92.85	184.99	103.14	73.42
Depreciation & Amortization	62.26	61.45	53.6	54.53	64.16
Other Amortization	-	0.39	-	-	-
Loss (Gain) From Sale of Assets	0.71	3.09	1.68	-2.71	2.63
Loss (Gain) on Equity Investments	-5.21	18.64	0.92	10.7	-
Other Operating Activities	56.3	22.82	-158.7	-138.31	4.54
Change in Accounts Receivable	-2.49	-37.36	-67.44	-8.37	-0.96
Change in Inventory	27.87	87.08	-10.62	-108.67	-20.93
Change in Accounts Payable	13.82	-	-	-	-
Change in Income Taxes	4.77	-21.54	-5.93	6.11	7.87
Change in Other Net Operating Assets	-	-96.21	0.55	44.83	96.08
Operating Cash Flow	121.28	167.88	17.13	-24.22	226.81
Operating Cash Flow Growth	-27.76%	880.20%	-	-	66.92%
Capital Expenditures	-53.82	-64.64	-86.24	-63.49	-54.54
Sale of Property, Plant & Equipment	1.13	0.34	2.19	3.01	0.35
Cash Acquisitions	-4.57	-0.04	-6.77	-0.1	-47.95
Other Investing Activities	-85.6	162.78	-4.42	-8.92	3.49
Investing Cash Flow	-142.85	98.43	-95.25	-69.51	-98.65
Long-Term Debt Issued	21.87	2.61	136.51	138.32	25.02
Total Debt Issued	21.87	2.61	136.51	138.32	25.02
Short-Term Debt Repaid	-55.96	-	-	-	-
Long-Term Debt Repaid	-6.99	-94.33	-9.84	-11.25	-137.98
Total Debt Repaid	-62.95	-94.33	-9.84	-11.25	-137.98
Net Debt Issued (Repaid)	-41.09	-91.72	126.67	127.08	-112.96
Issuance of Common Stock	-	-	-	-	0.96
Repurchase of Common Stock	-2.85	-4.64	-0.15	-14.25	-
Common Dividends Paid	-115.1	-58.95	-34.17	-24.25	-
Other Financing Activities	-	9.21	-0.78	2.47	-
Financing Cash Flow	-159.03	-146.1	91.58	91.05	-112
Foreign Exchange Rate Adjustments	-1.4	1.32	0.57	0.66	0.81
Miscellaneous Cash Flow Adjustments	-0	-	-0	-	-
Net Cash Flow	-182.01	121.54	14.03	-2.02	16.97
Free Cash Flow	67.46	103.24	-69.12	-87.72	172.27
Free Cash Flow Growth	-34.65%	-	-	-	102.03%
Free Cash Flow Margin	7.94%	9.98%	-4.72%	-7.01%	14.04%
Free Cash Flow Per Share	-	1.28	-0.85	-1.06	2.09
Levered Free Cash Flow	18.41	191.4	-210.23	-122.07	181.82
Unlevered Free Cash Flow	21.68	195.29	-206.45	-119.79	182.74
Change in Working Capital	43.96	-68.03	-83.45	-66.1	82.07

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