North Atlantic Energies 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	-92.8	106.5	676.5	719.2	572.9
Depreciation & Amortization	74.5	67.4	80.1	82.4	69.1
Loss (Gain) From Sale of Assets	-10	-84.2	10.3	0.1	-1.6
Other Operating Activities	151.5	-38.7	-153.8	-77.2	-18.9
Change in Accounts Receivable	-183.4	171.2	349.5	-673.1	-209.6
Change in Inventory	460.9	385.9	234.1	-319.7	-495.6
Change in Accounts Payable	-842.1	37.5	487.1	-699.2	677.7
Change in Income Taxes	21.6	51.7	-128.6	-0.1	30.7
Change in Other Net Operating Assets	-132.6	-48.2	290.8	-123.7	-183.7
Operating Cash Flow	-552.4	649.1	1,846	-1,091	441
Operating Cash Flow Growth	-	-64.84%	-	-	-
Capital Expenditures	-132.1	-100.2	-59.5	-41.3	-30.8
Sale of Property, Plant & Equipment	25.2	121.3	6.4	8	2.7
Investing Cash Flow	-106.9	21.1	-53.1	-33.3	-28.1
Long-Term Debt Issued	819.6	-	-	712.3	-
Long-Term Debt Repaid	-	-19.6	-728.4	-	-10.9
Net Debt Issued (Repaid)	819.6	-19.6	-728.4	712.3	-10.9
Common Dividends Paid	-1,455	-192.8	-25.7	-	-
Financing Cash Flow	-635.7	-212.4	-754.1	712.3	-10.9
Net Cash Flow	-1,295	457.8	1,039	-412.3	402
Free Cash Flow	-684.5	548.9	1,787	-1,133	410.2
Free Cash Flow Growth	-	-69.27%	-	-	-
Free Cash Flow Margin	-6.02%	3.06%	9.29%	-4.54%	2.69%
Free Cash Flow Per Share	-53.25	42.67	138.98	-88.11	31.91
Levered Free Cash Flow	-653.05	571.89	1,681	-1,144	238.29
Unlevered Free Cash Flow	-653.05	571.89	1,683	-1,143	238.66
Change in Working Capital	-675.6	598.1	1,233	-1,816	-180.5