United Bankers 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Other Adjustments	1.28	1.26	0.95
Changes in Income Taxes Payable	-6.71	-2.92	-1.98
Changes in Other Operating Activities	12.74	32.75	14.01
Operating Cash Flow	7.31	31.09	12.97
Operating Cash Flow Growth	-76.50%	139.72%	-
Capital Expenditures	-0.99	-2.38	-3.25
Purchases of Investments	0.88	-15.27	1.05
Payments for Business Acquisitions	-0.36	-	-
Other Investing Activities	0.09	0.18	0.09
Investing Cash Flow	-0.38	-17.47	-2.1
Long-Term Debt Issued	-	-	0.81
Long-Term Debt Repaid	-	-	-0.81
Issuance of Common Stock	0.11	2.96	-
Repurchase of Common Stock	-1.04	-0.58	-0.3
Net Common Stock Issued (Repurchased)	-0.93	2.39	-0.3
Common Dividends Paid	-12.01	-10.86	-9.69
Other Financing Activities	-0.95	-1.18	-1.04
Financing Cash Flow	-13.89	-9.65	-11.02
Net Cash Flow	-6.97	3.98	-0.15
Free Cash Flow	6.32	28.72	9.73
Free Cash Flow Growth	-77.99%	195.29%	-
FCF Margin	11.17%	47.32%	19.13%
Free Cash Flow Per Share	0.58	2.62	0.90
Levered Free Cash Flow	18.16	45.9	22.07
Unlevered Free Cash Flow	18.16	45.9	22.62