AS Tallink Grupp 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	17.26	40.27	78.87	13.94	-56.58
Depreciation & Amortization	79.8	97.75	101.22	98.14	95.31
Loss (Gain) From Sale of Assets	-	-18.26	-0.02	-0.03	-0.49
Loss (Gain) From Sale of Investments	-	-	-	-	0.08
Loss (Gain) on Equity Investments	-	-	0.08	0.09	0.08
Stock-Based Compensation	-	0.56	0.12	-	-
Other Operating Activities	23.93	32.45	33.73	23.73	20.97
Change in Accounts Receivable	-11.4	6.48	-0.38	-2.04	-3.92
Change in Inventory	0.3	-13.57	-1.45	-5.33	-6.51
Change in Other Net Operating Assets	17.23	7.73	-8.74	15.81	10.44
Operating Cash Flow	127.13	153.41	203.45	144.3	59.38
Operating Cash Flow Growth	-17.14%	-24.59%	40.99%	143.01%	-
Capital Expenditures	-32.97	-22.26	-28.13	-203.32	-20.19
Sale of Property, Plant & Equipment	78.79	24.56	0.61	2.77	0.82
Other Investing Activities	0.33	0.94	1.33	0.22	0
Investing Cash Flow	46.15	3.23	-26.19	-200.34	-19.37
Short-Term Debt Issued	3.13	-	-	-	-
Long-Term Debt Issued	-	-	59.97	196.29	90
Total Debt Issued	3.13	-	59.97	196.29	90
Short-Term Debt Repaid	-	-	-0.02	-0.17	-15.56
Long-Term Debt Repaid	-115.57	-105.7	-272.95	-127.21	-29.57
Total Debt Repaid	-115.57	-105.7	-272.97	-127.38	-45.13
Net Debt Issued (Repaid)	-112.44	-105.7	-212.99	68.91	44.87
Issuance of Common Stock	-	-	-	-	34.63
Common Dividends Paid	-44.61	-44.61	-	-	-
Other Financing Activities	-21.43	-29.55	-37.28	-25.49	-19.79
Financing Cash Flow	-178.48	-179.86	-250.28	43.42	59.72
Net Cash Flow	-5.21	-23.22	-73.01	-12.62	99.72
Free Cash Flow	94.16	131.15	175.32	-59.02	39.19
Free Cash Flow Growth	-28.21%	-25.19%	-	-	-
Free Cash Flow Margin	12.30%	16.69%	20.99%	-7.65%	8.22%
Free Cash Flow Per Share	0.13	0.18	0.24	-0.08	0.06
Cash Interest Paid	20.81	29.1	32.83	23.52	19.3
Cash Income Tax Paid	11.3	4.74	0.19	0.23	0.14
Levered Free Cash Flow	70.69	91.76	109.82	-84.37	32.04
Unlevered Free Cash Flow	84.38	109.85	132.7	-68.85	45.69
Change in Working Capital	6.13	0.64	-10.56	8.44	0.01

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.