Rana Gruber ASA Cash Flow Statement

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

Millions NOK. 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	301.9	370.83	489.69	484.23	592.05
Depreciation & Amortization	250.06	182.96	165.42	158.74	174.25
Other Operating Activities	-48.32	-191.51	284.39	-52.13	-120.59
Change in Accounts Receivable	134.48	-47.68	39.87	-151.64	276.85
Change in Inventory	-76.13	43.34	-34.78	-70.7	-54.11
Operating Cash Flow	561.98	357.93	944.59	368.49	868.45
Operating Cash Flow Growth	57.01%	-62.11%	156.34%	-57.57%	66.72%
Capital Expenditures	-281.81	-235.07	-414.86	-161.72	-125.65
Investing Cash Flow	-281.81	-235.07	-414.86	-161.72	8.29
Long-Term Debt Repaid	-63.61	-47.26	-40.72	-30.41	-221.94
Total Debt Repaid	-63.61	-47.26	-40.72	-30.41	-221.94
Net Debt Issued (Repaid)	-63.61	-47.26	-40.72	-30.41	-221.94
Issuance of Common Stock	-	-	-	-	6.96
Repurchase of Common Stock	-	-	-	-14.16	-9.79
Common Dividends Paid	-197.66	-342.67	-411.27	-228.82	-319.25
Other Financing Activities	-	-0	-	-	-
Financing Cash Flow	-261.27	-389.93	-452	-273.4	-637.36
Foreign Exchange Rate Adjustments	-2.15	16.99	4.64	15.1	-
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	16.75	-250.09	82.37	-51.53	239.37
Free Cash Flow	280.17	122.86	529.73	206.77	742.79
Free Cash Flow Growth	128.04%	-76.81%	156.19%	-72.16%	122.05%
Free Cash Flow Margin	17.89%	7.38%	27.42%	14.53%	44.52%
Free Cash Flow Per Share	7.55	3.31	14.28	5.57	19.89
Cash Interest Paid	16.38	18.02	13.44	11.36	13.59
Cash Income Tax Paid	88.41	255.45	109.56	73.36	33.27
Levered Free Cash Flow	-63.38	66.65	529.15	-107.81	583.23
Unlevered Free Cash Flow	-53.14	75.65	535.03	-100.85	589.32
Change in Working Capital	58.34	-4.35	5.09	-222.34	222.74

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