F-Secure 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	22.37	21.07	22.36	30.15	34.42
Depreciation & Amortization	16.44	11.04	6	0.63	0.22
Other Amortization	-	2.58	2.2	1.35	1.3
Stock-Based Compensation	-	1.05	0.62	-	-
Other Operating Activities	2.81	2.08	-0.41	1.29	0.59
Change in Accounts Receivable	-	-2.81	-8.09	3.24	-1.81
Change in Inventory	-	0.01	0.01	0.01	0.02
Change in Other Net Operating Assets	1.94	3.81	7.43	-0.29	1.39
Operating Cash Flow	43.57	38.82	30.11	36.38	36.13
Operating Cash Flow Growth	12.24%	28.92%	-17.24%	0.71%	-22.61%
Capital Expenditures	-12.78	-11.11	-7.92	-4.64	-1.67
Sale of Property, Plant & Equipment	-	0	-	0	0.04
Cash Acquisitions	-	-0.13	-207.76	-	-
Investment in Securities	-	-	-	-0	-
Investing Cash Flow	-12.78	-11.24	-215.68	-4.64	-1.63
Short-Term Debt Issued	-	8	-	-	-
Long-Term Debt Issued	35	-	202	5.66	-
Total Debt Issued	35	8	202	5.66	-
Short-Term Debt Repaid	-8	-	-	-	-
Long-Term Debt Repaid	-51.56	-31.17	-11.07	-0.61	-0.23
Total Debt Repaid	-59.56	-31.17	-11.07	-0.61	-0.23
Net Debt Issued (Repaid)	-24.56	-23.17	190.93	5.05	-0.23
Common Dividends Paid	-6.99	-12.23	-12.23	-	-
Other Financing Activities	3.76	-	-	-13.86	-34.27
Financing Cash Flow	-27.79	-35.4	178.7	-8.81	-34.5
Foreign Exchange Rate Adjustments	-0.33	0.05	-0.21	0.02	-
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	2.68	-7.77	-7.09	22.95	-
Free Cash Flow	30.79	27.71	22.19	31.75	34.46
Free Cash Flow Growth	11.14%	24.87%	-30.10%	-7.88%	-10.59%
Free Cash Flow Margin	21.13%	18.95%	17.02%	28.60%	32.43%
Free Cash Flow Per Share	0.18	0.16	0.13	0.18	0.20
Cash Interest Paid	-	11.28	7.18	0.06	0.03
Cash Income Tax Paid	-	3.66	5.5	6.96	9.02
Levered Free Cash Flow	26.7	16.62	15.94	30.32	-16.36
Unlevered Free Cash Flow	32.5	23.77	20.49	30.38	-16.34
Change in Working Capital	1.94	1.01	-0.66	2.96	-0.4

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