Incap Oyj Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	16.68	22.73	19.82	27.6	21.06	9.22
Depreciation & Amortization	5.98	5.72	4.5	3.7	3.35	3.28
Other Amortization	0.01	0.01	0.01	0.01	0.01	0.01
Loss (Gain) From Sale of Assets	-	-	-0.02	-0	-0	-0.01
Asset Writedown & Restructuring Costs	-0.07	-0.07	0.88	-0	-0.01	0.83
Provision & Write-off of Bad Debts	0.3	0.3	-0.36	0.92	-	-
Other Operating Activities	1.04	-2.77	-0.83	3.23	1.02	-0.76
Change in Accounts Receivable	14.67	-8.9	17.93	-5.42	-7.78	-
Change in Inventory	0.86	13.2	25.91	-35.59	-34.62	-
Change in Other Net Operating Assets	-1.12	8.42	-23.18	4.75	26.63	-7.85
Operating Cash Flow	38.35	38.64	44.65	-0.81	9.67	4.71
Operating Cash Flow Growth	82.00%	-13.47%	-	-	105.33%	-35.63%
Capital Expenditures	-7.51	-5.59	-6.88	-5.47	-4.52	-2.79
Sale of Property, Plant & Equipment	0.21	0	0.05	0.05	-	-
Cash Acquisitions	-0.21	-2.89	-12.48	-	-0.65	-6.68
Other Investing Activities	1.77	1.77	-	-	-	0
Investing Cash Flow	-5.74	-6.71	-19.3	-5.42	-5.17	-9.47
Long-Term Debt Issued	-	0.17	27.45	16.29	6.89	14.46
Long-Term Debt Repaid	-	-3.93	-17.36	-11.23	-6.08	-21.88
Net Debt Issued (Repaid)	-3.56	-3.76	10.09	5.06	0.81	-7.43
Issuance of Common Stock	-	-	-	-	-	10.91
Other Financing Activities	-	-	-	-	-	-0.56
Financing Cash Flow	-3.56	-3.76	10.09	5.06	0.81	2.93
Foreign Exchange Rate Adjustments	-4.05	1.45	-0.44	-0.52	0.05	-0.43
Miscellaneous Cash Flow Adjustments	-0	-	-0	-	-	-
Net Cash Flow	24.99	29.62	34.99	-1.69	5.35	-2.26
Free Cash Flow	30.84	33.05	37.78	-6.27	5.15	1.92
Free Cash Flow Growth	72.34%	-12.52%	-	-	168.74%	-69.06%
Free Cash Flow Margin	14.04%	14.30%	17.04%	-2.38%	3.03%	1.79%
Free Cash Flow Per Share	1.03	1.12	1.28	-0.21	0.18	0.08
Cash Interest Paid	1.87	2.08	1.11	0.86	0.56	0.95
Cash Income Tax Paid	9.01	7.96	8.38	7.19	4.53	2.75
Levered Free Cash Flow	28.18	23.92	28.89	-8.76	-2.45	-0.52
Unlevered Free Cash Flow	31.5	25.19	29.88	-8.34	-2.23	-0.16
Change in Working Capital	14.41	12.72	20.66	-36.25	-15.76	-7.85

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.