Neste 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	199	-113	1,596	2,279	1,962
Depreciation & Amortization	934	980	866	638	584
Other Adjustments	612	287	-184	-1,721	-553
Change in Receivables	139	326	99	-322	-401
Changes in Inventories	-61	504	261	-1,037	-795
Changes in Accounts Payable	287	-376	-338	2	835
Operating Cash Flow	1,747	1,154	2,279	1,197	1,994
Operating Cash Flow Growth	51.39%	-49.36%	90.39%	-39.97%	-3.06%
Capital Expenditures	-922	-1,552	-1,430	-1,743	-977
Sale of Property, Plant & Equipment	15	8	0	30	6
Proceeds from Sale of Investments	-	-	-	13	0
Payments for Business Acquisitions	-14	-11	-176	-14	-322
Proceeds from Business Divestments	-	-	-	157	8
Other Investing Activities	-66	59	78	-31	-200
Investing Cash Flow	-988	-1,496	-1,528	-1,588	-1,483
Short-Term Debt Issued	-322	295	-380	260	111
Net Short-Term Debt Issued (Repaid)	-322	295	-380	260	111
Long-Term Debt Issued	1,195	1,374	1,591	899	618
Long-Term Debt Repaid	-1,031	-1,060	-463	-564	-489
Net Long-Term Debt Issued (Repaid)	164	314	1,128	335	129
Common Dividends Paid	-154	-922	-1,168	-630	-614
Other Financing Activities	-1	-1	-21	-2	-2
Financing Cash Flow	-312	-314	-441	-37	-377
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-36	36	-7	3	9
Net Cash Flow	447	-655	311	-427	134
Free Cash Flow	825	-398	849	-546	1,017
Free Cash Flow Growth	-	-	-	-	-21.47%
FCF Margin	4.34%	-1.93%	3.70%	-2.12%	6.71%
Free Cash Flow Per Share	1.07	-0.52	1.10	-0.71	1.32
Levered Free Cash Flow	224	70	1,540	343	1,658
Unlevered Free Cash Flow	601.98	-423.2	872.38	-140.3	1,476

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.