Kingspan Group 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	671.2	665.5	640.3	598	554.1
Depreciation & Amortization	314.7	276.5	232.6	197.5	167.9
Loss (Gain) From Sale of Assets	-1.5	-7.9	-1.3	16.1	0.4
Asset Writedown & Restructuring Costs	0.4	3.9	2.9	-	3.1
Stock-Based Compensation	21	19.9	22.7	18.4	17.7
Other Operating Activities	-1.2	-44.5	-11.2	-5.7	10.2
Change in Accounts Receivable	-106.5	56	74	25.7	-298.8
Change in Inventory	-39.8	-67.4	299.2	14.6	-525.7
Change in Accounts Payable	-4.7	21.4	-75.1	-176.5	395.2
Change in Other Net Operating Assets	-33.9	-28.9	-21.9	3.9	5.1
Operating Cash Flow	819.7	894.5	1,162	692	329.2
Operating Cash Flow Growth	-8.36%	-23.03%	67.95%	110.21%	-48.44%
Capital Expenditures	-365.1	-366.3	-234.2	-269.2	-168.8
Sale of Property, Plant & Equipment	22.8	32.9	4.2	18.6	5.2
Cash Acquisitions	-318.2	-777.4	-225.2	-934.4	-540.2
Divestitures	-	-	-	-6.4	-
Sale (Purchase) of Intangibles	-0.1	-0.4	-3.5	-	-
Investment in Securities	-0.8	-17.5	-22.2	-113.3	-5
Other Investing Activities	34.2	17.7	22.6	1.7	0.1
Investing Cash Flow	-627.2	-1,111	-458.3	-1,303	-708.7
Long-Term Debt Issued	130	899.7	319	846	55.1
Long-Term Debt Repaid	-304.5	-314.9	-642.5	-116.6	-301.8
Net Debt Issued (Repaid)	-174.5	584.8	-323.5	729.4	-246.7
Issuance of Common Stock	-	-	-	-	0.1
Repurchase of Common Stock	-148.6	-134.6	-0.7	-1.4	-46.9
Common Dividends Paid	-99.5	-96.6	-91.2	-93.7	-73.5
Other Financing Activities	-130.4	-99	-0.9	-3.5	15.3
Financing Cash Flow	-553	254.6	-416.3	630.8	-351.7
Foreign Exchange Rate Adjustments	-60.2	28.6	1.8	-11.9	42.9
Net Cash Flow	-420.7	66.7	289.4	7.9	-688.3
Free Cash Flow	454.6	528.2	928	422.8	160.4
Free Cash Flow Growth	-13.93%	-43.08%	119.49%	163.59%	-68.34%
Free Cash Flow Margin	4.94%	6.14%	11.47%	5.07%	2.47%
Free Cash Flow Per Share	2.49	2.88	5.07	2.31	0.88
Cash Interest Paid	69.4	58.5	58.9	33.6	34.6
Cash Income Tax Paid	132.8	184.3	147.5	158.4	126.8
Levered Free Cash Flow	335.09	383.3	841.94	346.26	1.16
Unlevered Free Cash Flow	383.59	424.61	881	370.83	23.66
Change in Working Capital	-184.9	-18.9	276.2	-132.3	-424.2

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