SergeFerrari Group 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	5.36	-15.19	4.72	15.52	10.18
Depreciation & Amortization	21.76	19.03	18.54	16.35	15.25
Other Amortization	-	1.31	1.32	1.31	1.58
Loss (Gain) From Sale of Assets	-0.12	-0.02	-0	0.2	1.23
Loss (Gain) on Equity Investments	-	-	-0.08	-0.06	-0.05
Provision & Write-off of Bad Debts	-	-0.15	0.5	0.76	0.63
Other Operating Activities	8.13	18.98	2.73	4.21	8.5
Change in Accounts Receivable	8.63	-0.52	4.31	-10.46	-4.77
Change in Inventory	0.85	5.83	9.64	-21.68	-11.27
Change in Accounts Payable	-8	2.85	-8.07	4.04	11.84
Change in Other Net Operating Assets	-2.31	0.47	-3.43	-0.93	4.29
Operating Cash Flow	34.3	32.59	30.18	9.26	37.39
Operating Cash Flow Growth	5.24%	7.98%	225.86%	-75.23%	39.02%
Capital Expenditures	-6.59	-8.84	-16.43	-13.11	-9
Sale of Property, Plant & Equipment	0.05	0.13	0.04	0.12	0.07
Cash Acquisitions	-1.72	-4.68	-10.21	-9.12	-5.26
Investment in Securities	0.81	-1.14	0.1	0	0.06
Other Investing Activities	0	-0	0	-	0
Investing Cash Flow	-7.45	-14.54	-26.49	-22.11	-14.13
Short-Term Debt Issued	-	-	-	2.3	0.9
Long-Term Debt Issued	75.13	17.21	30.82	25.19	-
Total Debt Issued	75.13	17.21	30.82	27.49	0.9
Short-Term Debt Repaid	-0.07	-6.13	-1.84	-	-
Long-Term Debt Repaid	-88.55	-28.64	-24.92	-14.39	-16.27
Total Debt Repaid	-88.62	-34.77	-26.76	-14.39	-16.27
Net Debt Issued (Repaid)	-13.49	-17.56	4.06	13.1	-15.37
Issuance of Common Stock	-	-	0.28	-	-
Repurchase of Common Stock	-	-0.32	-	-7.48	-2.57
Common Dividends Paid	-1.05	-2.05	-4.75	-3.51	-1.06
Other Financing Activities	-7.08	-6.23	-6.37	-2.97	-3.62
Financing Cash Flow	-21.62	-26.16	-6.78	-0.86	-22.61
Foreign Exchange Rate Adjustments	-0.45	-0.1	-0.24	-0.29	0.29
Miscellaneous Cash Flow Adjustments	-	-	-	0.02	-
Net Cash Flow	4.78	-8.21	-3.32	-13.98	0.95
Free Cash Flow	27.71	23.76	13.76	-3.85	28.39
Free Cash Flow Growth	16.63%	72.68%	-	-	49.67%
Free Cash Flow Margin	7.97%	7.34%	4.20%	-1.14%	9.93%
Free Cash Flow Per Share	2.43	2.05	1.17	-0.32	2.40
Cash Income Tax Paid	-	0.91	1.48	6.95	0.84
Levered Free Cash Flow	31.04	19.97	8.53	-6.48	23.29
Unlevered Free Cash Flow	31.04	24.06	11.68	-4.74	25.06
Change in Working Capital	-0.83	8.63	2.46	-29.04	0.08

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.