Wavestone Cash Flow Statement

Financials in millions EUR. Fiscal year is April - March.

Millions EUR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	78.64	75.56	58.2	50.07	51.03	25.38
Depreciation & Amortization	20.59	21.15	12.99	9.91	3.05	20.68
Other Amortization	0.01	0.01	-	-	-	-
Loss (Gain) From Sale of Assets	-0.08	-0.05	0.03	-0.22	1.46	0.01
Stock-Based Compensation	6.23	5.65	4.42	3.31	2.04	2.3
Other Operating Activities	2.41	-7.12	4.52	-0.35	5.6	1.62
Change in Other Net Operating Assets	-7.71	-5.92	2.94	-21.57	-6.85	20.83
Operating Cash Flow	108.58	89.28	83.09	41.15	56.34	70.82
Operating Cash Flow Growth	42.42%	7.45%	101.94%	-26.96%	-20.45%	28.07%
Capital Expenditures	-4.11	-4.84	-3.11	-3.71	-0.46	-0.75
Sale of Property, Plant & Equipment	0.05	0.05	0.07	0.17	0.15	0.01
Cash Acquisitions	-18.99	-44.01	-65.99	-49.2	-12.45	-
Investment in Securities	0.06	0.05	0.01	0	0.28	-0.11
Other Investing Activities	0	0	0	-0	-0	-0
Investing Cash Flow	-22.99	-48.74	-69.02	-52.73	-12.49	-0.85
Long-Term Debt Issued	-	40	19.7	-	-	-
Long-Term Debt Repaid	-	-53.73	-11.85	-9.57	-16.06	-46.12
Net Debt Issued (Repaid)	-83.36	-13.73	7.86	-9.57	-16.06	-46.12
Issuance of Common Stock	0.07	-	-	-	-	0.14
Repurchase of Common Stock	-5.74	-12.16	-5.91	-6.4	-2.36	-
Common Dividends Paid	-11.3	-9.38	-7.59	-7.61	-4.61	-
Other Financing Activities	-4.09	-4.92	-1.75	-2.27	-0.94	-1.19
Financing Cash Flow	-104.41	-40.18	-7.41	-25.85	-23.97	-47.17
Foreign Exchange Rate Adjustments	1.39	0.5	0.1	-0.14	0.36	0.14
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-	-
Net Cash Flow	-17.43	0.86	6.77	-37.57	20.25	22.94
Free Cash Flow	104.47	84.44	79.98	37.44	55.88	70.07
Free Cash Flow Growth	45.05%	5.57%	113.62%	-33.00%	-20.25%	34.14%
Free Cash Flow Margin	11.07%	8.95%	11.41%	7.03%	11.89%	16.78%
Free Cash Flow Per Share	4.28	3.45	3.73	1.88	2.79	3.51
Cash Income Tax Paid	26.47	38.16	21.65	21.05	15.77	17.04
Levered Free Cash Flow	91.58	35.3	111.94	44.58	48.57	78.06
Unlevered Free Cash Flow	94.21	38.45	113.68	45.68	49.13	78.78
Change in Working Capital	0.78	-5.92	2.94	-21.57	-6.85	20.83

Source: S&P Global Market Intelligence. Standard template. Financial Sources.