Kesko 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 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	510.3	613.5	761.1	712.9	527.6
Depreciation & Amortization	584.6	537.2	491.1	481.7	496
Other Adjustments	-94.7	-91.7	-167.8	-126.2	-100.2
Change in Receivables	-17.7	69.3	-107.2	-146.8	-64.3
Changes in Inventories	-36.3	58.3	-225.8	-53.2	5.5
Changes in Accounts Payable	-66.5	-137.1	163.7	283.7	287.9
Changes in Other Operating Activities	-	-9.5	-169.3	83.7	229.1
Operating Cash Flow	879.7	1,050	915.2	1,152	1,152
Operating Cash Flow Growth	-16.18%	14.67%	-20.56%	-0.03%	28.53%
Capital Expenditures	-	-539.2	-352.4	-239.4	-203.9
Sale of Property, Plant & Equipment	102.4	24.8	14	13.3	10.6
Purchases of Investments	-	-	-	-0.1	-
Proceeds from Sale of Investments	-	0.1	0.4	0.1	5.8
Payments for Business Acquisitions	-	-140.1	-45.3	-13.2	-155.7
Proceeds from Business Divestments	-	9.9	2.2	2.8	19.6
Other Investing Activities	15	54.3	36.8	-55.9	-90
Investing Cash Flow	-1,201	-590.2	-344.3	-292.3	-413.7
Long-Term Debt Issued	63.1	283.4	132.6	-223.4	18.9
Net Long-Term Debt Issued (Repaid)	63.1	283.4	132.6	-223.4	18.9
Issuance of Common Stock	15.5	-	-	-	-
Net Common Stock Issued (Repurchased)	15.5	-	-	-	-
Common Dividends Paid	-370.2	-430.3	-406.7	-297.8	-249.9
Other Financing Activities	-353.1	-345.3	-330.6	-313.2	-476.4
Financing Cash Flow	-644.7	-492.2	-604.7	-834.4	-707.5
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0	-0.7	-0.5	0.2	-1.2
Net Cash Flow	-306.9	-32.9	-33.8	25.2	31.3
Free Cash Flow	879.7	510.3	562.8	912.6	948.5
Free Cash Flow Growth	72.39%	-9.33%	-38.33%	-3.79%	82.75%
FCF Margin	7.05%	4.33%	4.77%	8.08%	8.89%
Free Cash Flow Per Share	2.21	1.28	1.42	2.30	2.39
Levered Free Cash Flow	949.1	688.7	649.8	904.9	1,267
Unlevered Free Cash Flow	982.58	471.35	561.59	1,178	1,310

Updated Apr 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.