Mainova AG 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	137.41	303.73	132.48	-185.22	376.77
Depreciation & Amortization	136.08	124.9	118.81	115.94	109.49
Other Amortization	-	0.02	0.02	-	-
Loss (Gain) on Sale of Assets	1.64	1.23	0.03	1.5	0.32
Asset Writedown	-	0.34	-	-	-
Change in Inventory	192.73	93.78	-136.94	-223.97	-266.45
Change in Accounts Payable	-48.43	-54.82	156.43	126.98	194.8
Change in Other Net Operating Assets	0.49	-15.87	8.78	-18.72	10.9
Other Operating Activities	39.21	-15.84	-53	322.49	-228.82
Operating Cash Flow	459.12	437.46	226.61	138.99	197
Operating Cash Flow Growth	4.95%	93.05%	63.04%	-29.45%	8.80%
Capital Expenditures	-450.23	-480.48	-447.97	-276.9	-164.02
Sale of Property, Plant & Equipment	6.35	4.34	4.78	10.52	4.77
Cash Acquisitions	-0.01	-13.11	-13.59	-30.82	-
Divestitures	0.01	35.78	-	-	-
Investment in Securities	2.73	-12.62	-2.27	39.51	81.21
Other Investing Activities	19.01	14.82	6.08	6.23	3.08
Investing Cash Flow	-427.12	-450.67	-447.82	-259.88	-68.73
Long-Term Debt Issued	-	-	350	250	-
Long-Term Debt Repaid	-34.32	-253.52	-51.35	-55.67	-31.26
Net Debt Issued (Repaid)	-34.32	-253.52	298.65	194.33	-31.26
Issuance of Common Stock	299.99	399.17	-	-	-
Common Dividends Paid	-89.97	-53.34	-43.35	-60.77	-87.81
Other Financing Activities	-248.4	-36.39	-32.88	-15.39	-13.54
Financing Cash Flow	-72.71	55.93	222.42	118.17	-132.61
Net Cash Flow	-40.71	42.72	1.2	-2.72	-4.34
Free Cash Flow	8.89	-43.01	-221.36	-137.91	32.99
Free Cash Flow Growth	-	-	-	-	-51.37%
Free Cash Flow Margin	0.21%	-1.10%	-4.78%	-1.92%	0.88%
Free Cash Flow Per Share	1.32	-9.78	-52.93	-32.98	7.89
Cash Interest Paid	-	33.16	32.13	14.14	13.58
Cash Income Tax Paid	-	28.77	42.57	45.68	15.31
Levered Free Cash Flow	-382.13	-293.91	-291.24	-392.38	85.12
Unlevered Free Cash Flow	-368.42	-272.92	-271.56	-383.52	93.91
Change in Working Capital	144.79	23.09	28.28	-115.71	-60.75

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