Fortum Oyj 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	765	1,164	-2,069	-2,416	739
Depreciation & Amortization	315	379	359	415	587
Loss (Gain) on Sale of Assets	4	-183	-4	-785	-2,673
Loss (Gain) on Equity Investments	-56	-19	-59	185	-168
Asset Writedown	25	17	-	-	35
Change in Accounts Receivable	94	243	348	-352	-633
Change in Inventory	-94	-17	-14	-182	2
Change in Other Net Operating Assets	-73	-131	-143	334	137
Other Operating Activities	-140	-61	3,292	4,518	3,093
Net Cash from Discontinued Operations	-	-	109	-10,484	3,851
Operating Cash Flow	840	1,392	1,819	-8,767	4,970
Operating Cash Flow Growth	-39.66%	-23.47%	-	-	94.52%
Capital Expenditures	-499	-472	-576	-479	-470
Sale of Property, Plant & Equipment	1	3	12	3	2
Cash Acquisitions	-	-	-22	-	-210
Divestitures	-1	726	1	1,070	915
Investment in Securities	-88	5	-27	57	2,829
Other Investing Activities	-75	361	1,660	-4,051	-6,248
Investing Cash Flow	-614	604	1,100	-971	-5,727
Short-Term Debt Issued	-	-	-	-	1,844
Long-Term Debt Issued	14	5	1,755	2,421	2,809
Total Debt Issued	14	5	1,755	2,421	4,653
Short-Term Debt Repaid	-149	-37	-1,757	-170	-
Long-Term Debt Repaid	-35	-944	-1,620	-5,885	-2,153
Total Debt Repaid	-184	-981	-3,377	-6,055	-2,153
Net Debt Issued (Repaid)	-170	-976	-1,622	-3,634	2,500
Common Dividends Paid	-807.37	-1,032	-817	-1,013	-995
Other Financing Activities	-35	-35	-180	10,702	4,507
Financing Cash Flow	-1,461	-2,043	-2,619	6,055	6,012
Foreign Exchange Rate Adjustments	2	-	-36	7	29
Miscellaneous Cash Flow Adjustments	-	-	-	3	-
Net Cash Flow	-1,233	-47	264	-3,673	5,284
Free Cash Flow	341	920	1,243	-9,246	4,500
Free Cash Flow Growth	-62.93%	-25.99%	-	-	209.49%
Free Cash Flow Margin	6.83%	15.86%	18.52%	-118.93%	70.07%
Free Cash Flow Per Share	0.38	1.02	1.39	-10.40	5.07
Cash Interest Paid	173	225	228	213	147
Cash Income Tax Paid	147	196	454	164	279
Levered Free Cash Flow	241.38	477.75	568.5	520.25	2,107
Unlevered Free Cash Flow	339.5	619	736.63	645.25	2,203
Change in Working Capital	-73	95	191	-200	-494

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