MAX Automation SE 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	-4.45	60.54	15.17	14.69	-1.4
Depreciation & Amortization	12.49	11.71	17.37	10.7	10.13
Other Amortization	-	-	0.07	0.07	0.08
Loss (Gain) From Sale of Assets	-0.97	0.01	-0.02	-0.05	-0.46
Asset Writedown & Restructuring Costs	0.34	0.2	0.49	0.77	4.71
Other Operating Activities	9.01	12.47	17.16	0.69	8.66
Change in Accounts Receivable	4.5	-1.05	-2.73	-13.52	-9.11
Change in Inventory	12.21	14.56	-7.27	-29.68	-11.94
Change in Accounts Payable	10.2	-24.91	-22.12	8.44	28.05
Change in Other Net Operating Assets	-4.61	-3.31	-0.92	5.03	-1.41
Operating Cash Flow	38.72	19.05	17.19	-2.87	27.67
Operating Cash Flow Growth	103.27%	10.80%	-	-	-13.61%
Capital Expenditures	-7.56	-10.36	-8.88	-7.52	-4.62
Sale of Property, Plant & Equipment	4.51	0.21	1.89	0.29	3.65
Cash Acquisitions	-0.42	-	-	-	-
Sale (Purchase) of Intangibles	-1.2	-2.11	-1.91	-1.79	-2.19
Investment in Securities	-	-	-	-0.07	-
Other Investing Activities	0.21	66.82	-	-	-
Investing Cash Flow	-4.65	54.38	-9.05	-8.42	-3.32
Short-Term Debt Issued	0.26	-	0.11	-	-
Long-Term Debt Issued	39.18	17.26	15	117.83	15
Total Debt Issued	39.44	17.26	15.11	117.83	15
Short-Term Debt Repaid	-0.43	-3.58	-5.46	-93.5	-19.78
Long-Term Debt Repaid	-65.23	-94.35	-15.54	-0.5	-32.2
Total Debt Repaid	-65.66	-97.93	-20.99	-94	-51.98
Net Debt Issued (Repaid)	-26.22	-80.66	-5.88	23.83	-36.98
Issuance of Common Stock	-	-	-	3.06	-
Other Financing Activities	-5.52	-9.54	-11.41	-10.62	-5.04
Financing Cash Flow	-31.74	-90.2	-17.29	16.27	-42.02
Foreign Exchange Rate Adjustments	1.44	-0.85	0.07	0.53	0.16
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0.04
Net Cash Flow	3.77	-17.63	-9.08	5.51	-17.55
Free Cash Flow	31.16	8.69	8.31	-10.39	23.04
Free Cash Flow Growth	258.49%	4.62%	-	-	-6.45%
Free Cash Flow Margin	9.26%	2.37%	2.08%	-3.03%	6.58%
Free Cash Flow Per Share	0.76	0.21	0.20	-0.27	0.78
Cash Interest Paid	5.52	9.54	10.65	8.15	5.02
Cash Income Tax Paid	1.52	2.58	0.7	3.89	5.82
Levered Free Cash Flow	29.55	3.78	-31.26	-30.3	11.08
Unlevered Free Cash Flow	33.54	11.39	-23.29	-24.79	16.07
Change in Working Capital	22.29	-14.71	-33.04	-29.73	5.6

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.