Kitron ASA Cash Flow Statement

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

Millions EUR. 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	43.8	28	51.1	28.3	15.25
Depreciation & Amortization	18.6	18.7	17.6	15.4	9.48
Other Amortization	-	-	-	0.6	0.61
Stock-Based Compensation	-	0.4	0.7	0.8	0.52
Other Operating Activities	11.3	-4.2	-7.5	0.4	-0.39
Change in Accounts Receivable	-	8.8	-4.7	-46.4	-4.39
Change in Inventory	52.5	25.1	6.3	-38.8	-33.47
Change in Accounts Payable	-	-32.9	-5	57.1	21.5
Change in Other Net Operating Assets	-32.6	-0.2	0.5	0.7	3.5
Operating Cash Flow	93.6	43.7	59	18.1	12.61
Operating Cash Flow Growth	114.19%	-25.93%	225.97%	43.57%	-44.23%
Capital Expenditures	-	-7.8	-15.8	-9.3	-3.92
Sale of Property, Plant & Equipment	-	-	0.2	-	-
Cash Acquisitions	-	-	-	-86.8	-
Sale (Purchase) of Intangibles	-	-1.5	-0.6	-0.3	-0.67
Other Investing Activities	-12.4	0.7	-0.1	-	-
Investing Cash Flow	-12.4	-8.6	-16.3	-96.4	-4.59
Long-Term Debt Issued	-	13.2	8.7	120.5	10.04
Short-Term Debt Repaid	-	-3	-0.9	-6.9	-2.79
Long-Term Debt Repaid	-	-23.4	-28.9	-44.7	-8.84
Total Debt Repaid	-	-26.4	-29.8	-51.6	-11.64
Net Debt Issued (Repaid)	-	-13.2	-21.1	68.9	-1.6
Issuance of Common Stock	80.4	-	-	-	33.81
Common Dividends Paid	-6	-12.8	-8.4	-4.9	-12.51
Other Financing Activities	-56.8	-1.2	-	-3.8	-
Financing Cash Flow	17.6	-27.2	-29.5	60.2	19.7
Foreign Exchange Rate Adjustments	-1.5	1.8	-0.2	1.2	-0.23
Miscellaneous Cash Flow Adjustments	-	-	-	-	0
Net Cash Flow	97.3	9.7	13	-16.9	27.49
Free Cash Flow	93.6	35.9	43.2	8.8	8.68
Free Cash Flow Growth	160.72%	-16.90%	390.91%	1.34%	-56.10%
Free Cash Flow Margin	12.68%	5.55%	5.57%	1.37%	2.34%
Free Cash Flow Per Share	0.47	0.18	0.22	0.04	0.05
Cash Interest Paid	-	11.5	12.4	6.9	2
Cash Income Tax Paid	-	12.5	10.8	6.1	4.07
Levered Free Cash Flow	86.04	29.01	33.95	-18.33	-0.21
Unlevered Free Cash Flow	91.91	37.2	42.26	-14.01	1.38
Change in Working Capital	19.9	0.8	-2.9	-27.4	-12.86

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