Rheinmetall 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	835	808	586	540	332
Depreciation & Amortization	501	403	308	249	254
Other Adjustments	222	52	-32	-78	40
Changes in Other Operating Activities	730	456	-120	-538	64
Operating Cash Flow	2,287	1,720	743	174	690
Operating Cash Flow Growth	32.97%	131.49%	327.01%	-74.78%	52.32%
Capital Expenditures	-872	-732	-398	-349	-271
Sale of Property, Plant & Equipment	10	10	2	19	3
Purchases of Investments	-	-	130	-	-160
Payments for Business Acquisitions	-54	-508	-1,064	-205	-35
Proceeds from Business Divestments	74	24	155	2	1
Other Investing Activities	75	57	21	1	-
Investing Cash Flow	-843	-1,172	-1,175	-534	-462
Long-Term Debt Issued	71	793	1,294	249	122
Long-Term Debt Repaid	-585	-773	-485	-232	-231
Net Long-Term Debt Issued (Repaid)	-514	20	809	17	-109
Issuance of Common Stock	-	-	113	-	-
Net Common Stock Issued (Repurchased)	-	-	113	-	-
Common Dividends Paid	-369	-248	-187	-143	-87
Other Financing Activities	-52	-29	-10	-6	-5
Financing Cash Flow	-861	-234	746	-131	-202
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-10	-2	-9	1	4
Net Cash Flow	574	312	305	-490	30
Free Cash Flow	1,415	988	345	-175	419
Free Cash Flow Growth	43.22%	186.38%	-	-	93.98%
FCF Margin	14.24%	12.81%	4.81%	-2.73%	7.41%
Free Cash Flow Per Share	30.33	21.17	7.44	-4.04	9.68
Levered Free Cash Flow	541	864	1,134	-147	229
Unlevered Free Cash Flow	1,619	1,040	483.39	-88.1	498.3

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.