Rana Gruber ASA Cash Flow Statement

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

Millions NOK. 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	330.02	370.83	489.69	484.23	592.05	278.89
Depreciation & Amortization	231.86	182.96	165.42	158.74	174.25	148.7
Other Operating Activities	-121.47	-191.51	284.39	-52.13	-120.59	236.04
Change in Accounts Receivable	25.94	-47.68	39.87	-151.64	276.85	-135.07
Change in Inventory	-39.33	43.34	-34.78	-70.7	-54.11	-7.67
Operating Cash Flow	427.01	357.93	944.59	368.49	868.45	520.89
Operating Cash Flow Growth	-24.89%	-62.11%	156.34%	-57.57%	66.72%	220.34%
Capital Expenditures	-214.97	-235.07	-414.86	-161.72	-125.65	-186.37
Investing Cash Flow	-214.97	-235.07	-414.86	-161.72	8.29	-95.84
Long-Term Debt Repaid	-	-47.26	-40.72	-30.41	-221.94	-293.2
Total Debt Repaid	-57.71	-47.26	-40.72	-30.41	-221.94	-293.2
Net Debt Issued (Repaid)	-57.71	-47.26	-40.72	-30.41	-221.94	-293.2
Issuance of Common Stock	-	-	-	-	6.96	-
Repurchase of Common Stock	-	-	-	-14.16	-9.79	-
Common Dividends Paid	-192.1	-342.67	-411.27	-228.82	-319.25	-
Other Financing Activities	-0	-0	-	-	-	-
Financing Cash Flow	-249.81	-389.93	-452	-273.4	-637.36	-409.7
Foreign Exchange Rate Adjustments	5.15	16.99	4.64	15.1	-	-
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-	-
Net Cash Flow	-32.61	-250.09	82.37	-51.53	239.37	15.35
Free Cash Flow	212.04	122.86	529.73	206.77	742.79	334.52
Free Cash Flow Growth	-8.45%	-76.81%	156.19%	-72.16%	122.05%	1015.13%
Free Cash Flow Margin	13.29%	7.38%	27.42%	14.53%	44.52%	21.58%
Free Cash Flow Per Share	5.72	3.31	14.28	5.57	19.89	8.95
Cash Interest Paid	18.54	18.02	13.44	11.36	13.59	29.9
Cash Income Tax Paid	184.99	255.45	109.56	73.36	33.27	-
Levered Free Cash Flow	96.05	66.65	529.15	-107.81	583.23	598.37
Unlevered Free Cash Flow	105.33	75.65	535.03	-100.85	589.32	617.34
Change in Working Capital	-13.39	-4.35	5.09	-222.34	222.74	-142.74

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