Paul Hartmann 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	61.21	108.45	28.42	36.15	94.67
Depreciation & Amortization	107.99	103.86	85.86	100.42	94.11
Loss (Gain) From Sale of Assets	17.85	-0.88	-0.36	-1.4	0.13
Asset Writedown & Restructuring Costs	0.92	0.9	17.18	1.24	3.4
Other Operating Activities	29.32	3.46	38.14	-1.63	-16.62
Change in Accounts Receivable	-12.19	6.64	-8.01	-34.35	-8.53
Change in Inventory	-16.15	-32.95	84.68	-120.52	-54.69
Change in Other Net Operating Assets	-34.1	9.18	-15.12	19.08	18.13
Operating Cash Flow	154.85	198.66	230.79	-1.04	130.6
Operating Cash Flow Growth	-22.05%	-13.92%	-	-	-57.17%
Capital Expenditures	-126.46	-138.6	-113.1	-118.12	-129.27
Sale of Property, Plant & Equipment	1.86	1.66	1.49	2.47	0.93
Cash Acquisitions	-	-	-3.39	-0.53	-56.88
Divestitures	-12.78	-	-	-	7
Investment in Securities	-6.44	-15.63	-0.25	-	0.16
Other Investing Activities	3.35	4.15	1.76	1.59	1.12
Investing Cash Flow	-140.48	-148.41	-113.48	-114.6	-176.94
Long-Term Debt Issued	58.03	199.78	54.4	156.71	6.1
Long-Term Debt Repaid	-28.73	-178.49	-85.1	-35.78	-34.01
Net Debt Issued (Repaid)	29.31	21.29	-30.7	120.92	-27.9
Common Dividends Paid	-28.41	-28.41	-28.41	-28.41	-28.41
Other Financing Activities	-19.45	-24.62	-18.2	-22.88	-5.99
Financing Cash Flow	-18.56	-31.75	-77.32	69.63	-62.31
Foreign Exchange Rate Adjustments	0.36	-2.73	-2.68	2.94	5.28
Net Cash Flow	-3.83	15.77	37.31	-43.07	-103.37
Free Cash Flow	28.4	60.06	117.68	-119.16	1.34
Free Cash Flow Growth	-52.72%	-48.96%	-	-	-99.31%
Free Cash Flow Margin	1.16%	2.48%	4.97%	-5.13%	0.06%
Free Cash Flow Per Share	8.00	16.91	33.13	-33.55	0.38
Cash Interest Paid	14.44	11.51	11.31	3.52	3.25
Cash Income Tax Paid	26.12	26.34	1.38	29.22	60.39
Levered Free Cash Flow	-16.28	-19.79	75.96	-146.41	-45.24
Unlevered Free Cash Flow	-6.95	-10.51	83.08	-144.32	-43.63
Change in Working Capital	-62.43	-17.13	61.55	-135.8	-45.08

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