North Media Cash Flow Statement

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

Millions DKK. 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	-101.5	61.7	264.4	2.1	273.6	306.5
Depreciation & Amortization	51.6	54.9	26.9	25.7	26.8	28.8
Other Amortization	4.5	4.5	-	2	0.9	0.8
Loss (Gain) From Sale of Assets	-2.7	14	0.1	-	-	1.6
Asset Writedown & Restructuring Costs	155	155	-	-	20.1	-
Loss (Gain) From Sale of Investments	-22.5	-217.4	-189.3	194.2	-103.2	-154.5
Loss (Gain) on Equity Investments	-0.2	0.5	-2.6	-7.4	-4.2	1.1
Stock-Based Compensation	-	-	0.2	0.2	1.2	2
Other Operating Activities	-64.1	-10.6	34.8	0.7	-16.3	0.3
Change in Accounts Receivable	-0.9	-0.9	-48	2.9	-1.8	16.3
Change in Other Net Operating Assets	-15.1	-35.4	43.4	-29.1	-41	16.7
Operating Cash Flow	12.5	15.5	126.1	191.3	156.1	216.5
Operating Cash Flow Growth	-74.44%	-87.71%	-34.08%	22.55%	-27.90%	66.16%
Capital Expenditures	-52.9	-49.2	-11.9	-20.2	-18.8	-16.4
Sale of Property, Plant & Equipment	18.3	0.1	0.2	-	0.5	2.1
Cash Acquisitions	-29.6	-9.6	-146.3	-4	-	-
Sale (Purchase) of Intangibles	-	-	-	-	-6.7	-
Investment in Securities	50.4	10.1	108.2	-24.5	-67.3	-34
Other Investing Activities	0.9	2.1	9.6	4.9	4.1	12
Investing Cash Flow	-12.9	-46.5	-40.2	-43.8	-88.2	-36.3
Long-Term Debt Repaid	-	-20.4	-8.7	-8.4	-8	-9.4
Net Debt Issued (Repaid)	-8	-20.4	-8.7	-8.4	-8	-9.4
Issuance of Common Stock	-	2	6.8	10.1	7	-
Repurchase of Common Stock	-	-	-36.1	-	-	-29.2
Common Dividends Paid	-	-72.1	-74.3	-92.1	-90.7	-71.8
Other Financing Activities	-	-	-	-	-	-1
Financing Cash Flow	-8	-90.5	-112.3	-90.4	-91.7	-111.4
Net Cash Flow	-8.4	-121.5	-26.4	57.1	-23.8	68.8
Free Cash Flow	-40.4	-33.7	114.2	171.1	137.3	200.1
Free Cash Flow Growth	-	-	-33.26%	24.62%	-31.38%	71.91%
Free Cash Flow Margin	-3.16%	-2.59%	12.48%	17.19%	13.28%	19.14%
Free Cash Flow Per Share	-2.24	-1.86	6.17	9.25	7.38	10.88
Cash Interest Paid	7.3	9	5.3	4.7	4.9	5.2
Cash Income Tax Paid	79.5	83.3	45.8	-1.4	90	81.7
Levered Free Cash Flow	-42.01	24.49	208.84	115.18	107.58	199.04
Unlevered Free Cash Flow	-38.01	29.18	211.28	117.99	110.51	202.23
Change in Working Capital	-16	-36.3	-4.6	-26.2	-42.8	33

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