Fielmann Group 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	291.69	219.34	189.61	160.37	209.74
Depreciation & Amortization	230.49	215.01	192.12	179.38	177.29
Other Adjustments	-51.9	-76.27	-138.3	-61.52	-66.48
Changes in Inventories	9.15	16.52	-208.92	-49.7	-8.88
Changes in Accounts Payable	7.16	-10.44	215.51	10.59	22.1
Changes in Accrued Expenses	-11.1	19.15	18.5	-2.05	12.93
Operating Cash Flow	495.99	410.09	282.79	244.98	346.69
Operating Cash Flow Growth	20.95%	45.02%	15.43%	-29.34%	24.50%
Capital Expenditures	-112.72	-79.72	-83.99	-81.99	-74.92
Sale of Property, Plant & Equipment	4.77	0.67	1.4	0.87	0.54
Purchases of Intangible Assets	-3.08	-2.97	-2.8	-3.42	-11.62
Purchases of Investments	-	-	-3.36	-73.7	-51.72
Proceeds from Sale of Investments	0.69	19.48	86.74	58.97	85.45
Payments for Business Acquisitions	-3.51	-333.01	-144.28	-61.47	-22.59
Proceeds from Business Divestments	9.13	-	-	-	-
Investing Cash Flow	-112.78	-331.17	-143.25	-159.85	-74.85
Short-Term Debt Issued	-	305	72.05	24.53	-
Short-Term Debt Repaid	-305	-72.05	-24.53	-	-
Net Short-Term Debt Issued (Repaid)	-305	232.95	47.53	24.53	-
Long-Term Debt Issued	274.87	0.57	0.19	0	0
Long-Term Debt Repaid	-0.24	-0.25	-0.12	-0.19	-0.58
Net Long-Term Debt Issued (Repaid)	274.63	0.32	0.07	-0.19	-0.57
Repurchase of Common Stock	-1.43	-0.24	-0.23	-0.06	0.43
Net Common Stock Issued (Repurchased)	-1.43	-0.24	-0.23	-0.06	0.43
Common Dividends Paid	-96.53	-83.97	-62.99	-125.98	-100.75
Other Financing Activities	-107.11	-102.17	-99.07	-98.73	-100.32
Financing Cash Flow	-258.63	-44.27	-132	-209.22	-201.22
Effect of Exchange Rate Changes on Cash and Cash Equivalents	3.6	0.71	0.15	0.46	0.54
Net Cash Flow	124.58	34.65	7.53	-124.1	70.62
Free Cash Flow	383.28	330.38	198.8	162.99	271.77
Free Cash Flow Growth	16.01%	66.19%	21.97%	-40.03%	27.70%
FCF Margin	15.74%	14.57%	10.06%	9.22%	16.14%
Free Cash Flow Per Share	4.57	3.93	2.37	1.94	3.24
Levered Free Cash Flow	296.34	546.22	305.6	184.23	264.8
Unlevered Free Cash Flow	355	340.96	273.18	168.18	281.19

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.