Lassila & Tikanoja 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	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	21.2	25.7	31.5	32.4	35.5
Depreciation & Amortization	46.8	45.5	43.3	42.4	39.4
Loss (Gain) From Sale of Assets	-0.2	-0.2	-0.7	-0.2	-4.1
Asset Writedown & Restructuring Costs	-	-	0.1	1.9	-0.2
Loss (Gain) on Equity Investments	-1.9	-1.9	-3.2	-3.6	-0.7
Other Operating Activities	5.7	4.6	1.4	6.9	1.5
Change in Accounts Receivable	-10.3	-8.8	7	1.4	1.5
Change in Inventory	0.6	-0.2	-1.5	-	-0.9
Change in Accounts Payable	5.3	8.7	-3.9	0.8	-0.2
Operating Cash Flow	67.2	73.4	74	82	71.8
Operating Cash Flow Growth	-18.05%	-0.81%	-9.76%	14.21%	-
Capital Expenditures	-23.2	-22.8	-41.2	-42.9	-29.7
Sale of Property, Plant & Equipment	0.2	0.3	1.1	0.3	0.2
Cash Acquisitions	-11.1	-11.1	-1.5	-	-13.2
Divestitures	-	-	-	-	-2
Other Investing Activities	1.5	1.6	1.8	-	16.5
Investing Cash Flow	-32.6	-32	-39.8	-42.6	-28.2
Long-Term Debt Repaid	-	-14.6	-14.5	-15.2	-15
Net Debt Issued (Repaid)	-14.9	-14.6	-14.5	-15.2	-15
Issuance of Common Stock	49.4	20.5	-	-	-
Repurchase of Common Stock	-	-	-30.7	-39.1	-33.2
Other Financing Activities	-40.8	-11.6	10.4	14.8	5.8
Financing Cash Flow	-6.3	-5.7	-34.8	-39.5	-42.4
Foreign Exchange Rate Adjustments	0.1	-0.2	-	-	-0.1
Miscellaneous Cash Flow Adjustments	0.1	-	0.1	-	-
Net Cash Flow	28.5	35.5	-0.5	-0.1	1.1
Free Cash Flow	44	50.6	32.8	39.1	42.1
Free Cash Flow Growth	12.53%	54.27%	-16.11%	-7.13%	-
Free Cash Flow Margin	10.18%	11.86%	7.74%	9.26%	9.34%
Free Cash Flow Per Share	1.15	1.32	0.86	-	-
Cash Interest Paid	4.9	4.7	4.7	3.1	1.7
Cash Income Tax Paid	0.4	0.1	6.9	-0.1	6.7
Levered Free Cash Flow	-	54.99	22.98	56.01	-
Unlevered Free Cash Flow	-	57.61	25.54	57.64	-
Change in Working Capital	-4.4	-0.3	1.6	2.2	0.4