Kalmar Oyj Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	173.5	163.3	127.9	193.8
Depreciation & Amortization	60.5	56.5	65.8	57.2
Other Adjustments	42.5	57.1	43.4	34
Change in Receivables	7.1	-36.7	6.3	36.3
Changes in Inventories	13.6	-42.3	31.7	36
Changes in Income Taxes Payable	-39.8	-35.4	-74.4	-32
Changes in Other Operating Activities	-20.5	46.8	-24.5	-104
Operating Cash Flow	236.9	209.3	176.2	221.3
Operating Cash Flow Growth	30.45%	18.79%	-20.38%	-
Purchases of Intangible Assets	-67.9	-66.3	-40.5	-55.9
Proceeds from Sale of Intangible Assets	19.6	21.3	12.1	18.9
Cash Acquisitions	-	-	-	-9.5
Proceeds from Business Divestments	-	-	-	-0.5
Other Investing Activities	0.7	1.3	0.6	3.6
Investing Cash Flow	-47.8	-43.7	-27.9	-43.3
Short-Term Debt Issued	3.4	3.5	-	8.4
Short-Term Debt Repaid	-4.2	-2.5	-4.7	-3.9
Net Short-Term Debt Issued (Repaid)	-0.8	1	-4.7	4.5
Long-Term Debt Issued	99.8	99.8	233.1	34.7
Long-Term Debt Repaid	-149.5	-149.5	-99.8	-
Net Long-Term Debt Issued (Repaid)	-49.7	-49.7	133.3	34.7
Issuance of Common Stock	-	-	-77.2	-109.7
Repurchase of Common Stock	-12.4	-	-8	-
Net Common Stock Issued (Repurchased)	-12.4	-	-85.2	-109.7
Common Dividends Paid	-70.7	-64	-0.2	-107.4
Other Financing Activities	-20.5	-19.4	-17.5	-15.8
Financing Cash Flow	-153.9	-132.2	25.7	-193.7
Foreign Exchange Rate Adjustments	3.1	-12.8	4.7	-4.3
Net Cash Flow	35.3	33.4	174	-15.8
Free Cash Flow	236.9	209.3	176.2	221.3
Free Cash Flow Growth	30.45%	18.79%	-20.38%	-
FCF Margin	13.00%	12.02%	10.24%	10.80%
Free Cash Flow Per Share	3.70	3.26	2.74	3.44
Levered Free Cash Flow	136.8	140.2	255.1	190.2
Unlevered Free Cash Flow	194.08	196.12	127.91	149.96