Hofseth BioCare 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	-134.88	-125.3	-106.68	-137.39	-126.46
Depreciation & Amortization	39.41	32.79	29.87	24.41	25.72
Other Amortization	-	6.99	6.54	5.81	3.63
Loss (Gain) From Sale of Assets	-	-8.12	-23.49	-	-
Asset Writedown & Restructuring Costs	-	-	-	0.19	-
Loss (Gain) on Equity Investments	-2.15	7.48	2.54	-0.2	-0.03
Other Operating Activities	77.44	159.68	9.49	9.95	9.39
Change in Accounts Receivable	-2.67	-4	-0.78	-3.98	4.18
Change in Inventory	-3.91	26.63	33.98	-25.71	-17.51
Change in Accounts Payable	0.99	38.47	-90.59	70.36	39.21
Change in Other Net Operating Assets	10.16	-144.4	141.87	11.4	0.1
Operating Cash Flow	-15.61	-9.78	2.76	-45.17	-61.78
Capital Expenditures	-25.31	-2.44	-8.19	-4.02	-22.92
Sale (Purchase) of Intangibles	-0.73	-1.63	-5.87	-13.76	-14.83
Investment in Securities	-	-	-1.62	-	-0.19
Other Investing Activities	-	-0	0.69	-	-
Investing Cash Flow	-26.04	-4.07	-14.99	-17.78	-37.94
Short-Term Debt Issued	-	19.4	28.35	-	-
Long-Term Debt Issued	133.46	25.1	-	-	1.09
Total Debt Issued	133.46	44.5	28.35	-	1.09
Long-Term Debt Repaid	-26.36	-12.98	-14.18	-15.05	-14.89
Net Debt Issued (Repaid)	107.11	31.52	14.17	-15.05	-13.8
Issuance of Common Stock	-	-	-	70.78	-
Other Financing Activities	-23.98	-15.98	-10.48	-10.28	-9.39
Financing Cash Flow	83.13	15.54	3.69	45.45	-23.2
Miscellaneous Cash Flow Adjustments	-	0	-	-	0
Net Cash Flow	41.47	1.69	-8.54	-17.49	-122.91
Free Cash Flow	-40.92	-12.22	-5.43	-49.19	-84.7
Free Cash Flow Margin	-15.96%	-4.60%	-2.49%	-40.84%	-96.67%
Free Cash Flow Per Share	-0.10	-0.03	-0.01	-0.13	-0.24
Cash Interest Paid	22.83	15.69	9.49	9.95	9.39
Levered Free Cash Flow	-19.53	21.85	-100.88	-72.21	-65.15
Unlevered Free Cash Flow	-5.26	31.66	-96.16	-65.99	-59.28
Change in Working Capital	4.57	-83.31	84.49	52.06	25.97

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