Frey SA (EPA:FREY)

Frey SA Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	122.2	77.41	40	18.86	129.38	65.43
Depreciation & Amortization	5.46	4.6	4.05	4.06	1.64	3.43
Gain (Loss) on Sale of Assets	-0.51	-0.73	-1.4	1.73	-1.8	-1.9
Gain (Loss) on Sale of Investments	18.6	18.6	29.25	-	-	-
Asset Writedown	-115.11	-58.39	-23.79	-14.66	-38.94	-28.76
Income (Loss) on Equity Investments	-3.94	-1.97	4.51	-1.17	-3.25	-2.52
Change in Accounts Receivable	-6.59	-8.8	18.24	-8.25	14.51	13.02
Change in Accounts Payable	6.39	0.25	0.35	3.68	4.51	-4.54
Change in Other Net Operating Assets	-7.98	-5.33	-11.87	-8.66	2.72	-2.61
Other Operating Activities	96.66	70.76	50.6	76.97	-41.9	8.33
Operating Cash Flow	123.46	106.52	110.72	61.04	58.77	51.53
Operating Cash Flow Growth	8.45%	-3.79%	81.39%	3.86%	14.06%	36.16%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Acquisition of Real Estate Assets	-103.62	-308.5	-117.09	-150.83	-140.62	-120.43
Sale of Real Estate Assets	26.88	26.81	190.32	128.61	59.56	52.29
Net Sale / Acq. of Real Estate Assets	-76.74	-281.69	73.23	-22.22	-81.06	-68.15
Cash Acquisition	-131.63	-123.03	-5.94	-245.12	-129.78	-69.94
Investment in Marketable & Equity Securities	-	-	-	-	-	0.15
Investing Cash Flow	-211.1	-408.98	66.02	-267.08	-209.86	-148.88

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	319.7	609.52	618.05	475.39	430.35
Long-Term Debt Repaid	-	-114.4	-391.83	-424.98	-275.84	-367.13
Net Debt Issued (Repaid)	415.98	205.31	217.7	193.06	199.55	63.22
Issuance of Common Stock	48.09	48.09	3.67	96.15	-	101.34
Repurchase of Common Stock	-30.4	-2.99	-	-11.69	-1.39	-1.71
Common Dividends Paid	-62.11	-62.11	-57.14	-47.68	-45.36	-26.62
Other Financing Activities	31.84	37.45	-92.71	-22.98	-13.89	-10.55

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	0.4	0.17	0.05	0.13	-	-
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-	-
Net Cash Flow	316.15	-76.54	248.31	0.94	-12.18	28.34

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Levered Free Cash Flow	55.41	44.85	-43.81	88.3	-9.59	4.86
Unlevered Free Cash Flow	112.75	95.93	13.65	142.71	-38.87	4.73

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	53.27	46.78	41.34	22.98	13.89	10.55
Cash Income Tax Paid	9.26	6.88	5.16	2.22	3.88	1.3
Change in Working Capital	0.11	-3.75	7.48	-24.75	13.64	7.52

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 21, 2026

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