Ernst Russ AG 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	99.81	71.78	81.64	83.9	26.29
Depreciation & Amortization	28.06	26.33	35.31	33.47	8.69
Other Adjustments	-40.65	-7.41	-16.25	-22.67	2.14
Changes in Other Operating Activities	-0.32	7.78	-10.53	4.04	2.6
Operating Cash Flow	86.9	98.47	90.18	98.75	39.72
Operating Cash Flow Growth	-11.75%	9.20%	-8.68%	148.65%	394.59%
Capital Expenditures	-45.71	-3.89	-98.08	-33.81	-3.12
Sale of Property, Plant & Equipment	22.49	5.03	26.75	45.8	0
Purchases of Intangible Assets	-0.1	-0.01	-0.03	-0.19	-0.33
Proceeds from Sale of Intangible Assets	0.01	0	-	-	-
Purchases of Investments	-0.2	-0.13	-0.66	-1.11	-37.29
Proceeds from Sale of Investments	3.81	0.52	0.77	0.52	4
Payments for Business Acquisitions	-	-	-6.56	-2.37	6.46
Proceeds from Business Divestments	39.25	0.75	2.68	1.23	1.54
Other Investing Activities	4.35	4.25	3.31	2.52	0.71
Investing Cash Flow	23.9	6.51	-71.82	12.6	-27.54
Long-Term Debt Issued	-	-	35.7	30.84	52.82
Long-Term Debt Repaid	-13.43	-22.61	-22.61	-103.05	-42.44
Net Long-Term Debt Issued (Repaid)	-13.43	-22.61	13.09	-72.21	10.38
Common Dividends Paid	-6.74	-32.5	-1.88	0	-
Other Financing Activities	-75.3	-20.29	-18.51	-8.42	-3.97
Financing Cash Flow	-95.96	-66.21	-7.3	-80.64	6.41
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-11.16	4.6	-1.5	0.67	-0.93
Net Cash Flow	14.84	38.77	11.06	30.72	18.59
Free Cash Flow	41.19	94.58	-7.9	64.95	36.6
Free Cash Flow Growth	-56.45%	-	-	77.48%	-
FCF Margin	17.94%	47.16%	-3.48%	28.47%	36.56%
Free Cash Flow Per Share	1.22	2.81	-0.24	2.01	1.14
Levered Free Cash Flow	42.08	50.07	-5.12	-21.24	34.33
Unlevered Free Cash Flow	78.7	99.52	9.52	88.88	35.38