Bourse Direct 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	19.74	19.13	15.93	5.69	7.16
Depreciation & Amortization, Total	3.35	3.43	3.23	2.91	2.59
Change in Other Net Operating Assets	-3.65	-1.78	4.58	4.14	-10.15
Other Operating Activities	7.11	6.78	6.48	1.83	2.5
Operating Cash Flow	19.73	20.78	24.29	12.76	-0.54
Capital Expenditures	-3.76	-4.5	-2.05	-3.32	-1.96
Investment in Securities	-0.07	-0.02	0.01	0.1	-5.59
Investing Cash Flow	-3.84	-4.53	-2.04	-3.22	-7.54
Long-Term Debt Repaid	-0.97	-0.89	-0.89	-0.89	-0.96
Net Debt Issued (Repaid)	-0.97	-0.89	-0.89	-0.89	-0.96
Repurchase of Common Stock	-	-5.32	-4.06	-	-
Common Dividends Paid	-10.32	-8.26	-4.27	-	-2.69
Other Financing Activities	-1.29	-1.48	-0.15	-4.52	-0.5
Financing Cash Flow	-12.58	-15.95	-9.37	-5.41	-4.14
Net Cash Flow	3.31	0.31	12.88	4.13	-12.23
Free Cash Flow	15.96	16.28	22.24	9.44	-2.49
Free Cash Flow Growth	-1.95%	-26.79%	135.68%	-	-
Free Cash Flow Margin	21.00%	21.38%	33.47%	19.67%	-5.38%
Free Cash Flow Per Share	0.31	0.31	0.42	0.18	-0.04
Cash Income Tax Paid	6.79	6.78	5.94	1.89	2.73

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