TFF Group Cash Flow Statement

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

Millions EUR. Fiscal year is May - Apr.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Net Income	30.71	56.45	52.82	35.86	20.04
Depreciation & Amortization	18.75	15.48	13.93	12.29	12.23
Loss (Gain) From Sale of Assets	-0.04	-0.13	-0.11	0.64	-0.27
Loss (Gain) on Equity Investments	-0.54	-1.23	-1.4	-0.4	-0.52
Other Operating Activities	7.08	2.48	7.67	0.02	-0.83
Change in Accounts Receivable	14.68	2.85	-22.57	-23.42	2.28
Change in Inventory	-34.68	-66.44	-71.19	-1.32	8.23
Change in Other Net Operating Assets	-26.05	-5.91	19.12	6.28	7.12
Operating Cash Flow	9.9	3.54	-1.73	29.93	48.28
Operating Cash Flow Growth	179.82%	-	-	-38.00%	-
Capital Expenditures	-27.43	-59.26	-27.43	-11.96	-7.87
Sale of Property, Plant & Equipment	0.34	0.96	0.47	0.56	0.61
Cash Acquisitions	-6.65	-11.68	-1.25	-12.62	-3.07
Investment in Securities	-0.35	-0.39	-0.47	0.49	0.15
Investing Cash Flow	-34.09	-70.38	-28.68	-23.53	-10.19
Short-Term Debt Issued	-	18	60.93	15.83	-
Long-Term Debt Issued	141.5	133	35.1	43.27	83.41
Total Debt Issued	141.5	151	96.03	59.1	83.41
Short-Term Debt Repaid	-46.04	-	-	-	-57.03
Long-Term Debt Repaid	-68.41	-81.6	-48.39	-58.99	-43.86
Total Debt Repaid	-114.45	-81.6	-48.39	-58.99	-100.89
Net Debt Issued (Repaid)	27.05	69.39	47.64	0.11	-17.49
Common Dividends Paid	-13.01	-13.27	-8.85	-7.64	-7.62
Other Financing Activities	-0.62	0.08	0.18	-	0.15
Financing Cash Flow	13.42	56.21	38.98	-7.52	-24.96
Foreign Exchange Rate Adjustments	-2.51	1.24	-3.81	4.06	-0.51
Net Cash Flow	-13.28	-9.4	4.76	2.94	12.62
Free Cash Flow	-17.53	-55.72	-29.16	17.98	40.4
Free Cash Flow Growth	-	-	-	-55.51%	-
Free Cash Flow Margin	-4.12%	-11.45%	-6.63%	5.94%	15.49%
Free Cash Flow Per Share	-0.81	-2.57	-1.34	0.83	1.86
Cash Income Tax Paid	8.29	27.52	12.2	14.33	6.94
Levered Free Cash Flow	-26.46	-66.02	-44.49	2.74	33.22
Unlevered Free Cash Flow	-16.4	-57.95	-41.86	3.34	33.97
Change in Working Capital	-46.06	-69.51	-74.64	-18.47	17.62

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