PNE AG Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-0.6	-13.4	-9.6	14.9	25.13	1.62
Depreciation & Amortization	36.2	31.4	32.2	27.8	20.74	16.11
Loss (Gain) From Sale of Assets	-93	-75.8	-5	0.15	0.43	-0
Asset Writedown & Restructuring Costs	-	-	-	0.03	0.03	0.03
Loss (Gain) From Sale of Investments	-	-	-	0.13	-	-
Other Operating Activities	21.9	30.3	5	-21.23	-24.97	-7.18
Change in Accounts Receivable	-33.5	-38	14.6	20.25	41.55	6.28
Change in Inventory	-193	-240.6	-232.6	-39.17	-85.38	-118.31
Change in Accounts Payable	140	131.1	26.1	-14.97	44.05	36.72
Change in Other Net Operating Assets	3.4	-1.6	3.1	3.11	2.22	-3.76
Operating Cash Flow	-118.6	-176.6	-166.2	-9.01	23.78	-68.5
Capital Expenditures	-28.1	-34.7	-25.5	-95.64	-112.83	-14.53
Sale of Property, Plant & Equipment	-1.2	1.2	2.6	0.01	0.53	0.1
Cash Acquisitions	-	-	-	-2	-	-
Divestitures	17.9	4.7	4.8	0	30.45	-
Sale (Purchase) of Intangibles	-	-	-	-	0	-
Investment in Securities	-1.1	-0.7	-2.1	-0.46	-0.14	-
Other Investing Activities	-0.2	-0.1	0.1	-	-	-
Investing Cash Flow	-12.7	-29.6	-20.1	-98.08	-81.99	-14.43
Long-Term Debt Issued	-	286.6	197	166.17	143.7	101.38
Long-Term Debt Repaid	-	-59	-35.8	-79.55	-28.67	-14.89
Net Debt Issued (Repaid)	113.4	227.6	161.2	86.62	115.03	86.48
Issuance of Common Stock	-	3.6	-	-	-	-
Common Dividends Paid	-3.6	-3	-3	-6.11	-3.05	-3.05
Other Financing Activities	-4.3	-4.3	-	-1.31	-	-0.57
Financing Cash Flow	102.4	220.8	155.1	79.2	111.97	82.86
Miscellaneous Cash Flow Adjustments	-11.3	-13.5	-	-0.15	-15.75	-0.25
Net Cash Flow	-40.2	1.1	-31.2	-28.04	38.01	-0.32
Free Cash Flow	-146.7	-211.3	-191.7	-104.65	-89.05	-83.03
Free Cash Flow Margin	-53.36%	-100.43%	-157.78%	-82.94%	-75.64%	-75.70%
Free Cash Flow Per Share	-1.92	-2.76	-2.51	-1.37	-1.17	-1.09
Cash Interest Paid	16.9	11.5	11.1	8.87	6.56	5.77
Cash Income Tax Paid	15	8.8	3.5	5.68	4.92	8.45
Levered Free Cash Flow	136.1	-14.89	-131.46	-52.21	-70.15	-113.53
Unlevered Free Cash Flow	148.41	-3.89	-121.96	-46.66	-65.5	-110.49
Change in Working Capital	-83.1	-149.1	-188.8	-30.78	2.44	-79.07

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